KEANE & MARLOWE, LLP

Attorneys for Defendants

REPINTER INTERNATIONAL SHIPPING

CO. S.A. and MIACHART CORPORATION LLC

197 Route 18 South Suite 3000

East Brunswick, New Jersey 08816

(732) 951-8300

Mary Ann C. Marlowe (MM-0723)

Christopher P. Keane (CPK-4394)

UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF NEW YORK

x

DEVALDENIZCILIKVETICARETA.S.,

Plaintiff,

-againstREPINTER INTERNATIONALSHIPPING

CO. S.A. and MIACHART CORPORATION

LLC.,

Defendants.

x

EXHIBIT3

REPL Y AFFIDAVIT OF II/Ld

MYLESSUNLEY /,,~

07 Civil 3397 (JGK) /J/l/"

ECF CASE If6/211075:15 PM

Case 1:07-cv-03397-JGK Document 18-4 Filed 06/21/2007 Page 1 of 4
ReedSmith "ci\

RichardsButlers~~

FAX

From: David Semark

Direct Phone: +44 207 772 5784

Ema!l: dsemark@reedsmJth.com

Date: 2;td May 2007

Reed Smith Richards Butler LLP

Beaufort House

15 St Botolph Street

London EC3A 7EE

Phone: +44 (0) 20 7247 6555

Fax; +44 (0) 20 7247 5091

DX1066 City I DX18 London

Direct Fax; 020 75395017

Total Number Of Pages Including Cover .Pag~: 2

"Orban Deval" C/P dd 13.04.06

Our Ref/DMS/729267/00002

We understand that you represent the Owners of the above vessel. Kindly take note of our

instructionsforher Charterers,RepinterInternationalShippingCo.

1 As you are aware, Owners have proc'Ureda Rule B attachment over funds belonging to our

clients in New York, and Charterers have tendered a Charterers' Club Letter ofUndertakin~

securingOwners' claimin fuH,in orderto have the attachmentreleased. SinceThursday 17 I

May, the Club's LOU has been tendered to Owners unconditionally - that is to say WIthout

any demand by Charterers that Owners provide counter-security as a condition to its

acceptance (although Charterers fully reserve their right to seek counter-security before any

competent forum in due course - which they are perfectly entitled to do).

5 days have now passed since this unconditional tender and Owners have yet to release the

attachment. The LOU is in the standard wording (and indeed Owners have made no objection

to the text of the LOU) and there can be no. genuine dispute that a Charterers' Club letter

provides Owners with adequate security. .

2

3 In tl1e circumstances, Owners' continuing refusal to confinn their acceptance of the

Charterers' Club LOU and to. release the attachment is manifestly unlawful. Charterers

reserve all their rights to claim all losses and damages flawing from the continued detentio.n

of their fun~s, as do.their agents, Miachart.

Charterers have no.whad enough of Owners' stalling. Unless Owners now provide Freehills

with finn instructions en their New York opening today to confinn to Charterers' US lawyers,

Keane & Marlewe, ~at the Charterers' Club Jetter will be accepted in the fonn tendered, and

the funds released once the original is lodged as Owners direct (we assume this should be sent

to.your offices, but please co.nfinn), then Keane & Marlowe will be instructed to apply to the

New York Courtsto have the attachmentvacated'against presentationof the original LOU.

The costs of this application will for Owners' account.

4

reedsmith.com

ROIXI SmithRIt.e"" aUl'"LlP" . nm"«I"eblilype.""""'p '091""" '"Eng'ondandWel.,'0)/1100\".''''OIImw0C303620eRdII>'''I1'~''O<$off",.BIBerwlort Ho Te:1ChFJoor. 15 51 Bo\Olpb Stf.c1.loodon

EC3A7EE. Ro"" S""~h"""",0< SUI"" l~P i&'''9'''''''' by Ihe UlwSocle~, A"iI ollh' member>ot "eo<!s...1tIIR"""", ew" lLP,'M 'heir p<1>r.."on~~.."n';IIi.n'. " ,n'bl. .1111.rll9~la",e .tnt<. Tho,... pM"" i. """ 10tela"o. m.mW.'Rood Smllh R"""', aUII" UP.

R..., Sm1lh_Ole. ev"'" ,LPi, <\.106w1lhR.aeSmlll1Lt.P01Del US~ \h,offi"" ,.".0<$ I. bel'w .ro.ro",oo!on...,".0<$$mhbRlc...o, aUl'" tLPorROOd$m~hLIP.

NEW YORK.. LONDON. LOS ANGELES. PARJS . SAN FRANCISCO. WASHINGTON, D.C... PHILADELPHIA" J>ITTS6URGH ..OAKLAND

MUNICH. ABU DHABI. PRINCETON. NORTHERN VIRGINIA.. WILMiNGTON. SrRMINGHAM.. CUBAI .. CENTURY CITY .. mcHMOND .. GReeCe

lONDON-4353246.1.DMSemark5J22J()712:26 PM

To: E.G. Arghyrakis & Co

Attn: GeorgeArghyrakis

Fax: 73532295

Ref: Un1mown

Case 1:07-cv-03397-JGK Document 18-4 Filed 06/21/2007 Page 2 of 4
We trust this step will not be necessary and look forward to bearing from you/FreehiIlswithout

furtherdelay.

Regards

2~vt~ - ~...k' t

David Semark

Partner

SHIPPING GROUP

For Reed Smith Richards Butler LLP

If you do not receive all of the pages~ please calJ us at +44 (0) 20 7247 6555.

PLEASENOTE:Th.I.lotrnafion~ 10INsf.- """8' may.. P'1va'9cd~ -~. olldb , ,.6 onlyrot"'" "'. oI.tIclodi<idOO!(S)crtn1o1y odobo...wI1o bell.~lIvov\ho~''''

10,."..,. h. ~1hetca6erionotlh.I ,odra"pI"",youOleherObyaotiG061ha1ot\f dIs",mJ..1IM. ~i~- OfcoPl'agoflN.""","0_1.., b $lddJyprohll>lltd. U10"have 1-'"Ws~d..,i. enor.

plo..onol~V'" -'6;"011 bylel'p!1M'aM/eI"II\.1IpagesIe'hea6~".. .hOwoobO,..Th,"~you.

-2- LQNDON.4353246.' -DMSemark5/22/07 '2:26 PM

Case 1:07-cv-03397-JGK Document 18-4 Filed 06/21/2007 Page 3 of 4
TRANSMISSION VERIFICATION REPORT

TIME: 22/0f/20f711:26

NAME: RBLA\t-'SHIPPING

FAX: 13213-7772-5824

TEL: +44-~07247-6555

SER.~ : BROC~J201ge7

DATE,TIME

FAX'NCI./NAME

DURATJON

PAGE(E;)

RESULT

MODE

22/05 11:26

973532295

130:130:42

02

OK

STANDARD

ECM

.I Reedt>mith

RichardsButler

FAX

From: DavidSemark

Direct Phon£!: +44 207 772 5784

Small: dserrar'k@reedsmlih.com Date: 22'1 May 2007

,~ , ',,~

~~

Reed Smith Fdnhard!. 'ButlerLLP

Beaufort HOU$9

158t BototphStte9t

LO"idon :::C3A 71:E

Phone: +44 (-» 20 7247 6555

Fax: +44 0) 20 '72475091

DX1066 0111'I DXI6 London

DirectFax: 020 i$39 5017

To:

Attn:

Fax:

Ref:

T(lta1 Number Of Pages tnc.uding Cover Page: ~

E.G. Arghyt'akis & Co

GeorgeArghvralcis

73532295

Unknown .. . :. '.,

~OrhQn Dtv~II~'CfP.dd 13.04.06

Our RefIDMS/729267/00002

~

..

We understand that you represent the Owners of the above vesseL Kind1y take not~ of our

instructionsforherCharterers,RepinterInternationalShippingCo.

As you ate awaretOwnershave procu.reda Rule ,8 attae]:u:nentoverfundsbcJongbgto our

c1itmtsin NewYQrk,aud Charterershave tendereda Charterer.s'Club Letter orUndertakin~,

securingOwner.$'clajroin full, in orderto have the attachW,entreleased.Since Thursday17 ' May, the Club'g LOU has been tendered to Owners uncQnditionally - tbat is to sa:, Without

arty de.mzu'dby Charterers that Owners provide counter-security as a cO'J,ditionto its

acceptance(althoughCharterersfully reserve their right to seek counter-seour..tybl~foreany

competent forum in due course - wbjch they,are perfectly entitled to do).

2 5 day. have now pa$sed since this unconditiQnal tender and Owners have yet to rdease t1H~

attachment. Tbe LOU is in the stmdard wording (and indeed Owners have mad~ no ()bjection

to the text of tbe LOU) and there can be no genuine dispute tha.t a ChartereJ's' Club letter

provides Ow:o.erswith adequate security.

In th~; Ci:r.CUl1.1stances, Owners' continuingrefusal to conti.r:mtheir acce.r.tanc!~of the . V"""'T .. . ,< .. 1 .' -_""__~1_.---' c.1 r''-_-,__-- 3

Case 1:07-cv-03397-JGK Document 18-4 Filed 06/21/2007 Page 4 of 4