NORD/LB
MONTE CARLO SEVEN SHIPPING COMPANY LIMITED
Trus Company Complex
Ajeltake Road
96960 Majuro
Marshall Islands | | March 29, 2017 |
| | | OTC Confirmations Phone: +49-511-361-5246 Fax: +49-511-361-4429 Person responsible: Tobias Thies
|
Email : atsirikos@topships.org
Confirmation of an Interest Rate Swap Transaction
(Our Ref,: IRD/IRS/9439572/HAN
UTI: EO2DSNHHQ2B9X5N6OUJ1236IRDIRS9397337HAN)
Your Trader Trade Date Effective Date Termination Date Notional Amount Fixed Rate Payer Fixed Rate Floating Rate Payer Floating Rate +/- Spread Payments to MONTE CARLO SEVEN SHIPPING COMPANY LIMITED - in USD Payments to NORDDEUTSCHE LANDESBANK GIROZENTRALE - in USD | : : : : : : : : : : : : | TSIRIKOS March 29, 2017 (time of trade : 09:38 am Hannover time) May 17, 2017 May 17, 2023 USD 21,139,200.00 MONTE CARLO SEVEN SHIPPING COMPANY LIMITED 2.19000 % NORDDEUTSCHE LANDESBANK GIROZENTRALE 3-Month(s)-USD-LIBOR-BBA none PLEASE ADVISE JP MORGAN CHASE BANK, NEW YORK A/C 0011337268 SWIFT CHASUS33 |
Other Provisions
- The Notional/Currency Amount (as applicable) is subject to amortization and/or increase. Please see fully detailed confirmation for full particulars.
This transaction is subject to a 1992 ISDA Master Agreement. In the event that the parties have not yet entered into such agreement the parties hereto agree to negotiate in good faith and enter into an agreement in form of the 1992 ISDA Master Agreement. Please contact us immediately should the particulars of this confirmation not be in accordance with your understanding.
This confirmation does not supersede the fully detailed confirmation of the Calculation Agent.
IRD/IRS/9439572/HAN
Norddeutsche Landesbank Girozentrale Finanzgrupp |
Friedrichswall 10,30159 Hannover Postanschrift: 30151 Hannover Telefon (0511) 361-0, Telex 921 620 gzh d Telefax (0511) 361-2502, www.nordlb,de | S.W.I.F.T. NOLADE2H, BLZ 250 500 00 Anstalt öffentlichen Rechts mit Sitz in Hannover, Braunschweig, Magdeburg - Handelsregister: AG Hannover HRA 26247, AG Braunschweig HRA 10261, AG Stendal HRA 22150 |
NORD/LB
MONTE CARLO SEVEN SHIPPING COMPANY LIMITED Vassilissis Sofias Street 1 15124 Maroussi-Athens Greece | OTC Confirmations Tobias Thies Georgsplatz 1 D-30159 Hannover Germany Phone: +49-511-361-5246 Fax: +49-511-361-4429 |
| Attention: atsirikos@topships.org | | Our Reference: IRD/IRS/9439572/HAN UTI: E02DSNHHQ2B9X5N60OUJ12361RDIRS9397337HAN Your Reference: March 29, 2017 |
Interest Rate Swap
Dear Sirs,
The purpose of this letter agreement is to confirm the terms and conditions of the Swap Transaction entered into between us on the Trade Date specified below (the "Transaction").
This letter agreement constitutes a "Confirmation" as referred to in the Agreement specified below.
The definitions and provisions contained in the 2006 ISDA Definitions, as published by the International Swaps and Derivatives Association, Inc. ("ISDA"), are incorporated into this Confirmation. In the event of any inconsistency between those definitions and provisions and this Confirmation, this Confirmation will govern.
1. This Confirmation supplements, forms part of, and is subject to, the 2002 ISDA Master Agreement dated as of May 19, 2016, as amended and supplemented from time to time (the "Agreement"), between you and us.
All provisions contained in the Agreement govern this Confirmation except as expressly modified below.
2. The terms of the Transaction to which this Confirmation relates are as follows:
Trade Date : Effective Date : | | March 29, 2017 (time of trade : 09:38 am Hannover time) May 17, 2017 |
IRD/IRS/9439572/HAN Norddeutsche Landesbank Girozentrale Finanzgrupp | Friedrichswall 10, 30159 Hannover Postanschrift: 30151 Hannover Telefon (0511) 361-0, Telex 921 620 gzh d Telefax (0511) 361-2502, www.nordlb.de | S.W.I.F.T. NOLADE2H, BLZ 250 500 00 Anstalt öffentlichen Rechts mit Sitz in Hannover, Braunschweig, Magdeburg - Handelsregister: AG Hannover HRA 26247, AG Braunschweig HRA 10261, AG Stendal HRA 22150 |
NORD/LB
| Termination Date : | | May 17, 2023 , subject to adjustment in accordance with the Modified Following Business Day Convention. | |
| | | | |
| FIXED AMOUNTS | | | |
| | | | |
| Fixed Rate Payer : | | MONTE CARLO SEVEN SHIPPING COMPANY LIMITED | |
| | | | |
| Fixed Rate Payer Notional Amount : | | USD 21,139,200.00, subject to change as set forth under "Fixed Rate Payer Payment Dates". | |
| | | | |
| Fixed Rate : | | 2.190000 % | |
| | | | |
| Fixed Rate Day Count Fraction : | | ACT/360 | |
| | | | |
| Fixed Rate Payer Payment Dates : | | Fixed Rate Payer Payment Dates are subject to adjustment in accordance with the following convention: | |
| | | Modified Following Business Day | |
| | | Payment Date | Change in Calculation Amount in USD | |
| | | August 17, 2017 | -511,450.00 | |
| | | November 17, 2017 | -511,450.00 | |
| | | February 17, 2018 | -511,450.00 | |
| | | May 17, 2018 | -511,450.00 | |
| | | August 17, 2018 | -511,450.00 | |
| | | November 17, 2018 | -511,450.00 | |
| | | February 17, 2019 | -511,450.00 | |
| | | May 17, 2019 | -511,450.00 | |
| | | August 17, 2019 | -473,000.00 | |
| | | November 17, 2019 | -473,000.00 | |
| | | February 17, 2020 | -473,000.00 | |
| | | May 17, 2020 | -473,000.00 | |
| | | August 17, 2020 | -473,000.00 | |
| | | November 17, 2020 | -473,000.00 | |
| | | February 17, 2021 | -473,000.00 | |
| | | May 17, 2021 | -473,000.00 | |
| | | August 17, 2021 | -473,000.00 | |
| | | November 17, 2021 | -473,000.00 | |
| | | February 17, 2022 | -473,000.00 | |
IRD/IRS/9439572/HAN Norddeutsche Landesbank Girozentrale Finanzgrupp | Friedrichswall 10, 30159 Hannover Postanschrift: 30151 Hannover Telefon (0511) 361-0, Telex 921 620 gzh d Telefax (0511) 361-2502, www.nordlb.de | S.W.I.F.T. NOLADE2H, BLZ 250 500 00 Anstalt öffentlichen Rechts mit Sitz in Hannover, Braunschweig, Magdeburg - Handelsregister: AG Hannover HRA 26247, AG Braunschweig HRA 10261, AG Stendal HRA 22150 |
NORD/LB
| | | May 17, 2022 | -473,000.00 | |
| | | August 17, 2022 | -473,000.00 | |
| | | November 17, 2022 | -473,000.00 | |
| | | February 17, 2023 | -473,000.00 | |
| | | May 17, 2023 | ---- | |
| Business Days : | | Athens, Frankfurt, Hannover, London, New York | |
| | | | |
| FLOATING AMOUNTS | | | |
| | | | |
| Floating Rate Payer : | | NORDDEUTSCHE LANDESBANK GIROZENTRALE | |
| | | | |
| Floating Rate Payer Notional Amount : | | USD 21,139,200.00, subject to change as set forth under "Floating Rate Payer Payment Dates". | |
| | | | |
| Floating Rate Option : | | USD-LIBOR-BBA | |
| | | | |
| Designated Maturity : | | 3 month(s) | |
| | | | |
| Spread : | | None | |
| | | | |
| Floating Rate Day Count Fraction : | | ACT/360 | |
| | | | |
| 1st Floating Period : | | May 17, 2017 - August 17, 2017 ( 92 days) | |
| | | | |
| 1st Floating Rate : | | Next fixing date on May 15, 2017. | |
| | | | |
| 1st Floating Rate Interest Amount : | | Next fixing date on May 15, 2017. | |
| | | | |
| Reset Dates : | | The first day of each Calculation Period. | |
| | | | |
| Floating Rate Payer Payment Dates : | | Floating Rate Payer Payment Dates are subject to adjustment in accordance with the following convention: | |
| | | Modified Following Business Day | |
| | | Payment Date | Change in Calculation Amount in USD | |
| | | August 17, 2017 | -511,450.00 | |
| | | November 17, 2017 | -511,450.00 | |
| | | February 17, 2018 | -511,450.00 | |
| | | May 17, 2018 | -511,450.00 | |
IRD/IRS/9439572/HAN Norddeutsche Landesbank Girozentrale Finanzgrupp | Friedrichswall 10, 30159 Hannover Postanschrift: 30151 Hannover Telefon (0511) 361-0, Telex 921 620 gzh d Telefax (0511) 361-2502, www.nordlb.de | S.W.I.F.T. NOLADE2H, BLZ 250 500 00 Anstalt öffentlichen Rechts mit Sitz in Hannover, Braunschweig, Magdeburg - Handelsregister: AG Hannover HRA 26247, AG Braunschweig HRA 10261, AG Stendal HRA 22150 |
NORD/LB
| | | August 17, 2018 | -511,450.00 | |
| | | November 17, 2018 | -511,450.00 | |
| | | February 17, 2019 | -511,450.00 | |
| | | May 17, 2019 | -511,450.00 | |
| | | August 17, 2019 | -473,000.00 | |
| | | November 17, 2019 | -473,000.00 | |
| | | February 17, 2020 | -473,000.00 | |
| | | May 17, 2020 | -473,000.00 | |
| | | August 17, 2020 | -473,000.00 | |
| | | November 17, 2020 | -473,000.00 | |
| | | February 17, 2021 | -473,000.00 | |
| | | May 17, 2021 | -473,000.00 | |
| | | August 17, 2021 | -473,000.00 | |
| | | November 17, 2021 | -473,000.00 | |
| | | February 17, 2022 | -473,000.00 | |
| | | May 17, 2022 | -473,000.00 | |
| | | August 17, 2022 | -473,000.00 | |
| | | November 17, 2022 | -473,000.00 | |
| | | February 17, 2023 | -473,000.00 | |
| | | May 17, 2023 | ---- | |
| Business Days : | | Athens, Frankfurt, Hannover, London, New York | |
| | | | |
| | | | |
| Calculation Agent : | | NORDDEUTSCHE LANDESBANK GIROZENTRALE | |
| | | | |
| | | | |
| ACCOUNT DETAILS | | | |
| | | | |
Your account - for payments in USD | | PLEASE ADVISE | |
| | | | |
Our account - for payments in USD | | JP MORGAN CHASE BANK, NEW YORK A/C 0011337268 SWIFT CHASUS33 | |
| | | | |
IRD/IRS/9439572/HAN Norddeutsche Landesbank Girozentrale Finanzgrupp | Friedrichswall 10, 30159 Hannover Postanschrift: 30151 Hannover Telefon (0511) 361-0, Telex 921 620 gzh d Telefax (0511) 361-2502, www.nordlb.de | S.W.I.F.T. NOLADE2H, BLZ 250 500 00 Anstalt öffentlichen Rechts mit Sitz in Hannover, Braunschweig, Magdeburg - Handelsregister: AG Hannover HRA 26247, AG Braunschweig HRA 10261, AG Stendal HRA 22150 |
NORD/LB
OFFICES
(a) The Office of NORDDEUTSCHE LANDESBANK GIROZENTRALE for this Transaction is
HANNOVER.
(b) The Office of MONTE CARLO SEVEN SHIPPING COMPANY LIMITED for this Transaction
is MAJURO, MARSHALL ISLANDS.
OTHER PROVISIONS
none.
We would like to inform you that due to the EMIR (European Market Infrastructure Regulation) regulatory requirements, contracting parties are obliged to comply with very short confirmation deadlines. Thus, transactions among Financial Counterparties are to be signed by all parties 1 business day after Trade Date and transactions under participation of at least one Non-Financial Counterparty within 2 business days after Trade Date. In order to observe these deadlines, we kindly ask you to return the countersigned confirmation before the expiry of these deadlines.
For a person or company registered in Germany liable for taxation:
As from 01 January 2009, NORDLB as paying agent must meet the requirement to withhold and pay "Kapitalertragsteuer (withholding tax) for derivatives where no legally specified exemption is applicable. Please bear in mind that when engaging yourself in derivative trading, this is the reason why credit and debit entries might be reduced.
