Document:

Exhibit 4.11

                                                CERTIFIED TRUE COPY
                                                Norton Rose
                                                ----------------------
                                                NORTON ROSE
                                                KEMPSON HOUSE
                                                CAMOMILE STREET
                                                LONDON EC3A 7AN
                                                8 August 2006

                                   Guarantee

                                                                  15 March 2006

To: KOMARF HOPE 27 Shipping Company (the "Beneficiary")

1    In consideration of (i) the Beneficiary, which expression includes its
     successors and assignees), at our request, agreeing to let the m.v.
     "Priceless" (the "Ship") to KISAVOS SHIPPING CO. LTD (the "Charterer",
     which expression includes its successors and assigns) pursuant to a
     "Barecon 2001" bareboat charter dated 9 March 2006 (as amended and
     supplemented from time to time, the "Charter") between the Beneficiary and
     the Charterer and (ii) US$1 and other good and valuable consideration (the
     receipt and adequacy of which is hereby acknowledged) we, TOP TANKERS INC.
     (the "Guarantor") irrevocably and unconditionally guarantee the due and
     punctual payment of all sums payable by the Charterer to the Beneficiary
     under or pursuant to the Charter (including, without limitation, all
     charterhire, interest, fees, costs, charges and expenses) together with
     interest to the date of payment (as well after as before judgment) at such
     rates and upon such terms as may from time to time be expressed to be
     payable by the Charterer and any damages (whether liquidated or otherwise
     for breach of the Charter) on a full and unqualified indemnity basis and
     undertake that if for any reason the Charterer shall fail to pay any sums
     due under or pursuant to the Charter on the due date of payment thereunder
     the Guarantor shall, on demand by the Beneficiary, unconditionally pay such
     sum to the Beneficiary.

2    As a separate and independent stipulation, the Guarantor irrevocably and
     unconditionally agrees that if any purported obligation or liability of the
     Charterer which would have been the subject of this Guarantee had it been
     valid and enforceable is not or ceases to be valid or enforceable against
     the Charterer on any ground whatsoever whether or not known to the
     Beneficiary (including, without limitation, any irregular exercise or
     absence of any corporate power or lack of authority of, or breach of duty
     by, any person purporting to act on behalf of the Charterer or any legal or
     other limitation, whether under the Limitation Acts or otherwise or any
     disability or incapacity or any change in the constitution of the
     Charterer) the Guarantor shall nevertheless be liable to the Beneficiary in
     respect of that purported obligation or liability as if the same were fully
     valid and enforceable and the Guarantor were the principal debtor in
     respect thereof. The Guarantor hereby agrees to keep the Beneficiary fully
     indemnified on demand against all damages, losses, costs and expenses
     arising from any failure of the Charterer to perform or discharge any such
     purported obligation or liability or from any invalidity or
     unenforceability of any of the same against the Charterer.

3    The Guarantor's liability under this Guarantee shall not be discharged in
     whole or in part or otherwise be affected in any way by reason of (a) the
     Beneficiary giving the Charterer time or any other concession or taking,
     holding, varying, realising or not enforcing any other security for the
     liabilities of the Charterer under the Charter, (b) any legal limitation or
     incapacity relating to the Charterer, (c) the invalidity or
     unenforceability of the obligations of the Charterer under the Charter or
     (d) any other act or omission of the Beneficiary or any other circumstances
     which but for this provision would discharge the Guarantor and any moneys
     expressed to be payable by the Charterer under the terms of the Charter
     which may not be recoverable from the Charterer for any such reason shall
     be recoverable by the Beneficiary from the Guarantor as principal debtor.

4    This Guarantee shall expire upon termination by effluxion of time of the
     Charter or otherwise in circumstances where all obligations of the
     Charterer shall have been irrevocably and unconditionally discharged in
     full.

5    The Beneficiary may enforce this Guarantee without first making demand on,
     or taking any proceeding against, the Charterer.

6    All payments by the Guarantor hereunder shall be made without set-off or
     counterclaim and, subject to paragraph 7 hereof, free and clear of any
     deductions or withholdings in United States Dollars in same day funds (or
     such other funds as may then be customary for the settlement of
     international bank transactions in the relevant currency) not later than
     10am (local time in the place of payment) on the due date to the account of
     the Beneficiary notified to the Guarantor by the Beneficiary.

7    If at any time the Guarantor is required to make any deduction or
     withholding in respect of any taxes (which for the purpose of this
     Guarantee includes all present and future taxes, levies, imposts, duties,
     fees or charges of whatever nature together with interest thereon and
     penalties in respect thereof) from any payment due under this Guarantee,
     the sum due from the Guarantor in respect of such payment shall be
     increased to the extent necessary to ensure that, after the making of such
     deduction or withholding, the Beneficiary receives on the due date for such
     payment (and retains, free from any liability in respect of such deduction
     or withholding) a net sum equal to the sum which it would have received had
     no such deduction or withholding been required to be made and the Guarantor
     shall indemnify the Beneficiary against any losses or costs incurred by it
     by reason of any failure of the Guarantor to make any such deduction or
     withholding or by reason of any increased payment not being made on the due
     date for such payment. The Guarantor shall promptly deliver to the
     Beneficiary any receipts, certificates or other proof evidencing the
     amounts (if any) paid or payable in respect of any deduction or withholding
     as aforesaid.

8    If any sum due from the Guarantor under this Guarantee or any order or
     judgment given or made in relation hereto has to be converted from the
     currency (the "first currency") in which the same is payable under this
     Guarantee or under such order or judgment into another currency (the
     "second currency") for the purpose of (i) making or filing a claim or proof
     against the Guarantor, (ii) obtaining an order or judgment in any court or
     other tribunal or (iii) enforcing any order to judgment given or made in
     relation to this Guarantee, the Guarantor shall indemnify and hold harmless
     the Beneficiary from and against any loss suffered as a result of any
     difference between (a) the rate of exchange used for such purpose to
     convert the sum in question from the first currency into the second
     currency and (b) the rate or rates of exchange at which the Beneficiary may
     in the ordinary course of business purchase the first currency with the
     second currency upon receipt of a sum paid to it in satisfaction, in whole
     or in part, of any such order, judgment, claim or proof. Any amount due
     from the Guarantor under this clause 8 shall be due as a separate debt and
     shall not be affected by judgment being obtained for any other sums due
     under or in respect of this Guarantee and the term "rate of exchange"
     includes any premium and costs of exchange payable in connection with the
     purchase of the first currency with the second currency.

9    The Guarantor represents and warrants to the Beneficiary that:

     (a)  the Guarantor is duly incorporated and validly existing in good
          standing under the laws of the Marshall Islands as a limited liability
          corporation and has power to carry on its business as it is now being
          conducted and to own its property and other assets;

     (b)  the Guarantor has power to execute, deliver and perform its
          obligations under this Guarantee, and all necessary corporate,
          shareholder and other action has been taken to authorise the
          execution, delivery and performance of the same and no limitation on
          the power of the Guarantor to give guarantees will be exceeded as a
          result of this Guarantee;

     (c)  this Guarantee constitutes valid, legal and enforceable binding
          obligations of the Guarantor;

     (d)  the execution and delivery of, the performance of its obligations
          under and compliance with the provisions of this Guarantee by the
          Guarantor will not (i) contravene any existing applicable law,
          statute, rule or regulation or any judgment, decree or permit to which
          the Guarantor is subject, or (ii) contravene or conflict with any
          provision of the Guarantor's Articles of Incorporation, By-Laws or
          other constitutional documents;

     (e)  it is not necessary to ensure that legality, validity, enforceability
          or admissibility in evidence of this Guarantee that it or any other
          instrument be notarised, filed, recorded, registered or enrolled in
          any court, public office or elsewhere in the Marshall Islands or that
          any stamp, registration or similar tax or charge be paid in the
          Marshall Islands on or in relation to this Guarantee and this
          Guarantee is in proper form for its enforcement in the courts of the
          Marshall Islands;

     (f)  the choice by the Guarantor of English law to govern this Guarantee is
          valid and binding; and

     (g)  neither the Guarantor nor any of its assets are entitled to immunity
          on the grounds of sovereignty or otherwise from any legal action or
          proceeding (which shall include, without limitation, suit, attachment
          prior to judgment, execution or other enforcement).

10   No failure or delay on the part of the Beneficiary to exercise any right,
     power or remedy under this Guarantee shall operate as a waiver thereof, nor
     shall any single or partial exercise by the Beneficiary, of any right,
     power or remedy preclude any other or further exercise thereof or the
     exercise of any other right, power or remedy. The remedies provided in this
     Guarantee are cumulative and are not exclusive of any remedies provided by
     law.

11   The Guarantor may not assign any of its rights or obligations hereunder.
     The Beneficiary may assign any of its rights hereunder to Fortis Bank
     (Nederland) N.V. of Coolsingel 93, 3012 AE Rotterdam, The Netherlands (the
     "Agent") (acting as security agent and trustee on behalf of a syndicate of
     banks and other ancillary parties). The Guarantor hereby agrees that it
     will promptly execute an acknowledgement in favour of the Agent of any
     notice of assignment delivered to it relating to such assignment.

12   Every claim or notice under this Guarantee shall be in writing and may be
     given or made by post or fax to the Guarantor or the Beneficiary at their
     respective addresses given above or to another address notified by the
     Guarantor or the Beneficiary (or its assignee) to the other under this
     Guarantee. Every notice shall be deemed to have been received, in the case
     of a fax at the time of despatch (provided that if the date of despatch is
     not a working day in the country of the addressee, it shall be deemed
     received on the next working day), and in the case of a letter, when
     delivered.

13   (a)  This Guarantee shall be governed by and construed in accordance with
          English law.

     (b)  The Guarantor agrees, for the benefit of the Beneficiary, that any
          legal action or proceedings arising out of or in connection with this
          Guarantee may be brought in English courts. The Guarantor irrevocably
          and unconditionally submits to the jurisdiction of such courts and
          irrevocably designates, appoints and empowers Top Tankers (UK) Limited
          at present of 50 Park Street, W1K 2JJ, London, England to receive for
          it and on its behalf, service or process issued out of the English
          courts in any such legal action or proceedings. The submission to such
          jurisdiction shall not (and shall not be construed so as to) limit the
          right of the Beneficiary to take proceedings against the Guarantor in
          any other court of competent jurisdiction nor shall the taking of
          proceedings in any one or more jurisdictions preclude the taking of
          proceedings in any other jurisdiction, whether concurrently or not.

14   No term of this Guarantee shall be enforceable pursuant to the Contracts
     (Rights of Third Parties) Act 1999 by a person who is not a party to this
     Guarantee.

 Yours faithfully

<PAGE>

EXECUTED as a DEED BY
for and on behalf of
TOP TANKERS INC.
Pursuant to a Power of Attorney
Dated          March 2006
In the presence of:

Witness:

Name:

Address:

Occupation

<PAGE>

EXECUTED as a DEED BY Stamatis Tsantanis
for and on behalf of
TOP TANKERS INC.
Pursuant to a Power of Attorney
Dated  8  March 2006
In the presence of:

Witness:

Name: Andreas Louka

Address: Top Tanker Management Inc.,
         109-111 Messogion Av, 1SS26 Greece

Occupation AdvocateExhibit 4.12

                            MEMORANDUM OF AGREEMENT

                               Dated: 09/03/2006

Taygetus Shipping Company Limited, Liberia hereinafter called the Sellers, have
agreed to sell, and KOMARF HOPE 28 Shipping Company, Liberia hereinafter called
the Buyers, have agreed to buy

Name:   M/T Timeless

Classification Society/Class:   Det Norske Veritas

Built:  1991

By:  Hyundai Heavy Industries Co. Ltd., Ulsan, Korea

Flag:  Liberia

Place of registration:  Monrovia, Liberia

Call Sign:  ELNX9

Grt/Nrt:  79718 / 46569

Official Number:  9480

hereinafter called the Vessel, on the following terms and conditions:

Definition

"Banking  days"  are days on which  banks are open  both in the  country  of the
currency  stipulated  for the  Purchase  Price in  Clause 1 and in the  place of
closing stipulated in Clause 8.

"In  writing" or  "written"  means a letter  handed over from the Sellers to the
Buyers or vice versa, a registered letter,  telex,  telefax or other modern form
of written communication.

"Classification Society" or "Class" means the Society referred to in line 4.

1.   Purchase price. (See also Clause 17)

USD 48,000,000.- cash (United States Dollars Forty Eight Million only).

2.   Deposit.

As security for the correct  fulfilment of this Agreement the Buyers shall pay a
deposit of 2,5% (two and a half per cent) of the Purchase Price within three (3)
banking days from the date of this Agreement signed by both parties by fax. This
deposit  shall be placed  with The Royal  Bank of  Scotland,  Shipping  Business
Centre,  5-10 Great Tower Street,  London EC3P 3HX,  Sort Code:  16-01-01,Swift:
RBOSGB2L,  Account  Key:  TASHCO-USD1,   lban:  GB82  RBOS  1663  0000  3151  53
Beneficiary:  Taygetus Shipping Company LW, Correspondent Bank: American Express
Bank Limited, New York Swift AEIBUS33XXX in the name of the Sellers.

3.   Payment (Subject to Clause 17).

The said Purchase  Price shall be paid in full free of bank charges to The Royal
Bank of Scotland, Shipping Business Centre, 5-10 Great Tower Street, London EC3P
3HX, Sort Code: 16-01-01, Swift: RBOSGB2L, Account Key: TASHCO-USD1,  lban: GB82
RBOS 1663 00003151 53 Beneficiary:  Taygetus Shipping Company Ltd, Correspondent
Bank:  American Express Bank Limited,  New York Swift AEIBUS33XXX on delivery of
vessel in accordance with clause 5.

4.   Inspections.

a)*  The Buyers have inspected and accepted the Vessel's classification records.
     The Buyers have also  inspected the Vessel at Quintero  Chile within March,
     2006 and have accepted the Vessel following this inspection and the sale is
     outright and  definite,  subject only to the terms and  conditions  of this
     Agreement.

b)*  Paragaph deleted.

*    4a) and 4b) are  alternatives;  delete whichever is not applicable.  In the
     absence of deletions, alternative 4a) to apply.

5.   Notice, time and place of delivery.

a)   When the Vessel is at the place of delivery and in every respect physically
     ready for delivery in  accordance  with this  Agreement,  the Sellers shall
     give the Buyers a written  Notice of  Readiness  for  delivery on or before
     March 15, 2006.

b)   After the receipt of the notice of Readiness for Delivery. the Vessel shall
     be delivered and taken over safely afloat at a safe and accessible berth or
     anchorage or at high sea on March 15, 2006 or, if later, on such other date
     as agreed  between the Sellers  and the Buyers that  reasonably  takes into
     account  the time  needed  for the BBC (as  defined  in Clause  17) and the
     related financing  transactions to take into effect (the procedure of which
     shall be as provided for in Clause 5 of the BBC).

c)   Expected time of delivery: Between 15th March 2006 and 30th March, 2006

     Date of cancelling (see clauses 5 c), 6 b) (iii) and 14): 30th April, 2006

     If  the  Sellers  anticipate  that,  notwithstanding  the  exercise  of due
     diligence  by  them,  the  Vessel  will not be ready  for  delivery  by the
     cancelling date they may notify the Buyers in writing stating the date when
     they  anticipate  that the Vessel will be ready for  delivery and propose a
     new cancelling  dale.  Upon receipt of such  notification  the Buyers shall
     have the option of either  cancelling  this  Agreement in  accordance  with
     Clause 14 within 2 running  days of receipt  of the notice or of  accepting
     the new date as the new  cancelling  date.  If the Buyers have not declared
     their option within 2 running days of receipt of the Sellers'  notification
     or if the Buyers  accept the new date,  the date  proposed in the  Sellers'
     notification  shall be  deemed to be the new  cancelling  date and shall be
     substituted for the cancelling date stipulated in line 61.

     If this  Agreement is  maintained  with the new  cancelling  date all other
     terms and conditions hereof including those contained in Clauses 5 a) and 5
     c) shall remain  unaltered  and in full force and effect.  Cancellation  or
     failure to cancel  shall be  entirely  without  prejudice  to any claim for
     damages the Buyers may have under  Clause 14 for the Vessel not being ready
     by the original cancelling date.

d)   Should the Vessel become an actual,  constructive or compromised total loss
     before delivery the deposit together with interest earned shall be released
     immediately to the Buyers whereafter this Agreement shall be null and void.

6.   No Drydocking/Divers Inspection Clause to apply.

a)** Paragraph deleted.

b)** Paragraph deleted.

c)   Paragraph deleted.

7.   Spares/bunkers, etc.

The Sellers shall deliver the Vessel to the Buyers with everything  belonging to
her on board and on shore.  All spare parts and spare equipment  including spare
tail-end  shaft(s)  and/or  spare   propeller(s)/propeller   blade(s),  if  any,
belonging  to the Vessel at the time of  inspection  used or unused,  whether on
board or not shall  become the Buyers'  property,  but spares on order are to be
excluded.  Forwarding  charges,  if any, shall be for the Sellers  account.  The
Sellers  are not  required  to replace  spare  parts  including  spare  tail-end
shaft(s) and spare propeller(s)/propeller  blade(s) which are taken out of spare
and used as replacement  prior to delivery,  but the replaced items shall be the
property of the Buyers. The radio installation and navigational  equipment shall
be included in the sale  without  extra  payment if they are the property of the
Sellers. Unused stores and provisions shall be included in the sale and be taken
over by the Buyers without extra payment.

The Sellers have the right to take ashore crockery,  plates,  cutlery, linen and
other  articles  bearing the Seller's  flag or name,  provided they replace same
with similar unmarked items.  Library,  forms, etc.,  exclusively for use in the
Sellers'  vessel(s),shall be excluded without compensation.  Captain's Officers'
and Crew's personal belongings  including the slop chest are to be excluded from
the sale, as well as the following additional items (including items on hire):

(See Clause 20)

Paragraph deleted.

18.  Documentation. (See also Clause 19)

The place of closing: Athens, Greece

In exchange  for payment of the  Purchase  Price the Sellers  shall  furnish the
Buyers with delivery documents, namely:

a)   Legal Bill of Sale in a form  recordable  in  ____________  (the country in
     which the Buyers are to register the Vessel), warranting that the Vessel is
     free from all encumbrances, mortgages and maritime liens or any other debts
     or claims whatsoever,  duly notarially attested and legalized by the consul
     of such country or other competent authority.

b)   Current Certificate of Ownership issued by the competent authorities of the
     flag state of the Vessel.

c)   Confirmation of Class issued within 72 hours prior to delivery.

d)   Current  Certificate issued by the competent  authorities  stating that the
     Vessel is free from register encumbrances.

e)   Recordation of Bill of Sale evidencing the sale of the Vessel to the Buyers
     issued by the Liberia registry.

f)   Any  such  additional  documents  as  may  reasonably  be  required  by the
     competent  authorities  for the purpose of registering  the Vessel provided
     the Buyers  notify the  Sellers of any such  documents  as soon as possible
     after the date of this Agreement.

In  addition  to the  documents  above  Buyers  will  furnish  Sellers  with the
following documents:

     a)   Minutes of the Board of Directors resolving the Purchase of the Vessel
          and acceptance of delivery of the vessel

     b)   Power of Attorney as per the minutes above

     c)   Certificate of  Incorporation  dated not earlier than thirty (30) days
          from delivery.

At the time of delivery  the Buyers and  Sellers  shall sign and deliver to each
other a Protocol  of Delivery  and  Acceptance  confirming  the date and time of
delivery of the Vessel from the Sellers to the Buyers.

At the time of delivery the Sellers shall hand to the Buyers the  classification
certificate(s)  as well as all plans etc., which are on board the Vessel.  Other
certificates  which are on board the  Vessel  shall  also be handed  over to the
Buyers  unless the Sellers are required to retain same, in which case the Buyers
to have the right to take copies. Other technical  documentation which may be in
the Sellers'  possession  shall be promptly  forwarded to the Buyers at Sellers'
expense,  if they so  request.  The Sellers may keep the Vessel' s log books but
the Buyers to have the right to take copies of same.

9.   Encumbrances

The Sellers warrant that the Vessel,  at the time of delivery,  is free from all
encumbrances,  mortgages and maritime liens or any other debts  whatsoever.  The
Sellers  hereby  undertake to indemnify the Buyers against all  consequences  of
claims made  against the Vessel  which have been  incurred  prior to the time of
delivery.

10.  Taxes,etc.

Any taxes,  fees and expenses in connection  with the purchase and  registration
under the Buyers' flag shall be for the Buyers account, where as similar charges
in  connection  with  the  closing  of the  Sellers'  register  shall be for the
Sellers' account.

11.  Condition on delivery

The  Vessel  shall  be  delivered  and  taken  over  as she  was at the  time of
inspection,  fair wear and tear excepted. However, the Vessel shall be delivered
with her class  maintained  without  condition/recommendation*,  free of average
damage affecting the Vessel's class and with her classification certificates and
national  certificates,  as well as all other certificates the Vessel had at the
time of inspection,  valid and unextended without  condition/recommendation*  by
Class or relevant  authorities  at the time of  delivery.  "Inspection"  in this
Clause 11, shall mean the Buyer's  inspection  according to Clause 4 a) or 4 b),
if applicable,  or the buyers inspection prior to the signing of this Agreement.
If the Vessel is taken over without inspection, the date of this agreement shall
he the relevant date.

*    Notes,  if  any,  in the  surveyor's  reports  which  are  accepted  by the
     Classification Society without condition/recommendation are not to be taken
     account.

12.  Name / Markings

     Paragraph deleted.

13.  Buyers' default

This  clause  shall  apply only in the event that the  default in this clause is
attributable to the Buyers' gross negligence or wilful misconduct.

Should the deposit not be paid in accordance with Clause 2, the Sellers have the
right to cancel this Agreement, and then shall be entitled to claim compensation
for their losses and for all expenses incurred together with interest.

Should the Purchase  Price not he paid in accordance  with Clause 3, the Sellers
have the right to cancel the Agreement,  in which case the deposit together with
interest  earned  shall be released to the Sellers If the deposit does not cover
their loss , the Sellers  shall be entitled to claim  further  compensation  for
their losses and for all expenses incurred together with interest.

14.  Sellers' default

This  clause  shall  apply only in the event that the  default in this clause is
attributable to the Sellers' gross negligence or wilful misconduct.

Should the Sellers fail to give Notice of Readiness in accordance  with Clause 5
a) or fail  to be  ready  to  validly  complete  a legal  transfer  by the  date
stipulated  in line 61 the  Buyers  shall  have the  option of  cancelling  this
Agreement  provided  always  that the  Sellers  shall be  granted a maximum of 3
banking days after Notice of Readiness has been given to make  arrangements  for
the  documentation  set out in Clause 6. If after Notice of  Readiness  has been
given but before  the  Buyers  have  taken  delivery,  the  Vessel  ceases to be
physically  ready for delivery and is not made  physically  ready again in every
respect by the date  stipulated in line 61 and new Notice of Readiness given the
Buyers shall  retain their option to cancel.  In the event that the Buyers elect
to cancel this  Agreement the deposit  together  with  interest  earned shall be
released to them immediately.

Should the Sellers fail to give Notice of Readiness  by the date  stipulated  in
line 61 or fail to be ready to validly  complete a legal  transfer as  aforesaid
they  shalt  make due  compensation  to the  Buyers  for their  loss and for all
expenses together with interest if their failure is due to proven negligence and
whether or not the Buyers cancel this Agreement.

15.  Buyers' representatives

     Paragraph deleted.

16.  Arbitration

a)*  This  Agreement  shall be  governed by and  construed  in  accordance  with
     English law and any dispute arising out of this Agreement shall be referred
     to arbitration in London in accordance with the  Arbitration  Acts 1950 and
     1979 or any statutory  modification  or  re-enactment  thereof for the time
     being in force,  one  arbitrator  being  appointed  by each  party.  On the
     receipt by one party of the  nomination  in  writing of the other  party' s
     arbitrator, that party shall appoint their arbitrator within fourteen days,
     failing which the decision of the single arbitrator  appointed shall apply.
     If Iwo arbitrators properly appointed shall not agree they shall appoint an
     umpire whose decision shall be final.

b)*  Paragraph deleted

c)*  Paragraph deleted

17.  Seller's Credit.

Notwithstanding anything herein to the contrary (including, Clause 3), Sellers's
credit (in the amount of 10% of the Purchase Price,  "Sellers's Credit) shall be
made  in  accordance  with,  and  as  more  fully  described  in,  the  bareboat
charterparty  entered into on the same date  herewith by and between the Sellers
as charterers and the Buyers as owners ("BBC").

18.  Bareboat Charterparty

Under the BBC,  the Vessel shall be chartered to the Sellers for such period and
on such terms and conditions as more particularly described therein. Delivery of
the  Vessel  to  the  Buyers  under  this  Agreement  shall  be  subject  to the
simultaneous delivery to and acceptance by the Sellers (as Charterers) under the
BBC.

19.  Paragraph deleted.

20.  Remaining Stores, Stores, etc.

Remaining stores, provisions, bunkers and lubricating oils onboard the Vessel at
the time of delivery hereunder shall remain the property of the Sellers.

21.  The Sellers  shall comply with the Buyers'  requests  which may be made for
     the  Buyers'  compliance  with the loan and  guarantee  facility  agreement
     entered into on, or to be entered into  around,  the even date  herewith by
     and among, inter alios, the Buyers as borrower,  Fortis Bank (Nederland) W.
     V. as agent and arranger and the lenders specified therein.

     For and on behalf of                        For and on behalf of
     Taygetus Shipping Company Ltd               KOMARF HOPE 28 Shipping Company

     /s/  Stamatis Tsantanis                     /s/ K. H. Kwan
     -------------------------------             -------------------------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00121-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00121-of-00352.parquet"}]]