Exhibit 4.41.4   Date 11 March 2004   THE
ROYAL BANK OF SCOTLAND PLC as Agent   - and -   HEWLETT
TANKERS LDC as Chargor   DEED
OF RELEASE relating
to a Floating Charge dated 12 February
1997  
   INDEX  Clause1
  DEFINITIONS AND
  INTERPRETATION2
  RELEASE3
  FURTHER
  ASSURANCE4
  COUNTERPARTS5
  GOVERNING
  LAW6
  EXCLUSION OF THIRD
  PARTY RIGHTS   2 
   THIS DEED OF RELEASE
is made on 11 March 2004  BETWEEN:  (1)THE ROYAL
BANK OF SCOTLAND PLC, registered in Scotland
under number SC090312 whose registered office is at 36 St. Andrew Square,
Edinburgh EH2 2YB (as successor to Goldman Sachs International (Goldman)
as agent and trustee for the Finance Parties (as defined in the Facility
Agreement as defined below)) (the Agent) and  (2)HEWLETT
TANKERS LDC, a company incorporated in the Cayman
Islands whose registered office is at 3rd Floor, CIBC Financial Centre, PO Box
1234, George Town, Grand Cayman Island (the Chargor).  WHEREAS:  (A)Pursuant
to the Floating Charge, the Chargor charged in favour of the Agent as agent and
trustee for itself and on behalf of the other Finance Parties as security for
the Secured Liabilities all of the assets of the Chargor not otherwise charged
to the Agent under any other Security Document, save for the Chargors right,
title and interest in (i) the Suspense Account; (ii) the assets comprised in or
supporting the Lease Senior Security, including, without limitation, the
Account; (iii) the assets comprised in the Permitted Funds; and (iv) the Direct
Support Agreement to which the Chargor is a party.  (B)The
Agent has agreed to release the security created by the Floating Charge.  1DEFINITIONS AND INTERPRETATION  1.1In this Deed the
following definitions apply:  Facility
Agreement means the facility agreement dated 6 February 1997
and made between the Chargor as borrower, the Subsidiaries of the Chargor as
Guarantors, Goldman as Arranger, the Banks, the Swap Parties and Goldman as
agent, as the agency role was transferred from Goldman to the Agent; and  Floating
Charge means the floating charge dated 12 February 1997 and made
between the Chargor and Goldman for itself and as agent and trustee for the
other Finance Parties, as the agency role was transferred from Goldman to the
Agent.  1.2Defined
expressions. 
Unless otherwise defined herein or the context shall otherwise require,
the meanings ascribed to words and expressions in the Floating Charge shall
have the same meanings in this Deed (including in the Recitals hereto).  1.3Construction.The provisions of
Clause 1.2 (Interpretation) of the Floating Charge apply, with any necessary
modifications, to this Deed.  2RELEASE  2.1With effect from
the date of this Deed, the Agent irrevocably and unconditionally releases the
security created by the Floating Charge and releases to the Chargor all of the
right, title and interest of the Agent in or to the Security Assets.  3FURTHER
ASSURANCE  The Agent
covenants with the Chargor that, upon the Chargors written request and at the
sole cost of the Chargor, it will sign and execute such further deeds or
instruments of  3 
   release, issue
notices or directions and do such things as may reasonably be required to give
effect to the release of security contained in this Deed.  4COUNTERPARTS  This Deed may be
executed in counterparts which, when taken together, shall constitute one and
the same agreement.  5GOVERNING
LAW  This Deed shall
be governed by and construed in accordance with English law.  6EXCLUSION OF THIRD PARTY RIGHTS  A person who is not a party to this Deed may not enforce any of its
terms under the Contracts (Rights of Third Parties) Act 1999.  EXECUTEDas
a DEED
on the date appearing the beginning of this Deed.  EXECUTED AS A DEED
  )
  /s/ Robert J. Mannersby THE ROYAL BANK OF SCOTLAND PLC
  )acting by Robert J. Manners
  )its duly authorised attorney in the presence of:
  )Signature of Witness:
  /s/ Charmaine Rumbelow
  )EXECUTED AS A DEED
  )
  /s/ Nicholas Sherriffby HEWLETT TANKERS LDC
  )acting by
  )its duly authorised attorney in the presence of:
  )Signature of Witness:
  /s/ illegible  4