Amendment No. 1 to Supplytime 89 Charter Party Agreement between Cable Shipping Inc. and Torch Offshore Inc.

Contract Categories: Business Finance › Guaranty Agreements
Summary

This amendment, dated June 25, 2002, modifies the original Supplytime 89 Charter Party agreement dated May 31, 2002, concerning the vessel "G Murray" (to be named "Midnight Hunter"). Under this amendment, Torch Offshore Inc. guarantees, as a primary obligor, the performance of the Charterers regarding all obligations, terms, and conditions of the Charter Party. The agreement is between Cable Shipping Inc. and Torch Offshore Inc.

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EX-10.2 4 d99081exv10w2.txt AMMENDMENT NO.1 DATED 25 JUNE 2002 AMMENDMENT No. 1 DATED 25 JUNE 2002 TO "SUPPLYTIME 89" -- DATED 31 MAY 2002 WITH RESPECT TO "G MURRAY" TBN "MIDNIGHT HUNTER" It is hereby agreed that Torch Offshore Inc., 401 Whitney Avenue, Suite 400, Gretna, Louisiana, USA, guarantee as primary obligors the Charterers performance with respect to all obligations, terms and conditions of the above Charter Party. /s/ [ILLEGIBLE] /s/ WILLIAM J. BLACKWELL - ---------------------------------- ------------------------------------ CABLE SHIPPING INC. TORCH OFFSHORE INC.