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wy 46-2507 ments with ONASSIS, such arrangements were subject to the approval of the Board of Directors of USPC, . A T | BERENSON stated that although he’made these arrange- _ . i ONASSIS and BERENSON both went to Socony. BERENSON advised thet at this time he also had VINING working on another : Fronch deal pertaining to chartering. At Socony, ONASSIS and BERENSON talked to HILCOAT and FRED PRATT and together they worked out ono five-yoar bareboat char ter on the vessel ARICKAREE a ; at the rate of $2. per month, . ; BERENSON anvised that Socony also took the FORT e BRIDGER at 145% over the United States Maritime Commission rate of consecutive voytge charters for eighteen months, Socony also + le +h TAYWD AWS a] took the LAKE GEORGE on consecutive voyage charters 100% over ‘the United States Maritime Commission rate for the first year i and 50% over the United States Maritimo Commission rate for the b second year. BERENSON advised that through the assistance of / VINING, he arrengcd to charter the CAMAS MEADOWS to the ~*~ ' Groupement dtjchat Carburants. it this point BERENSON had four commitments. FENG NTE aA ee a Ae rR te yk _ffter. the charter hire commitments on. the four tankers Bank ‘to arrange “for ‘financing. ‘the balance “due. on 1 the “four ‘vessels. He stated that according to officials at the National City Bank they had never finonced voyage charters but finally gave the "ok" provided BERENSON covld got up the additional collateral. BERENSON advised thit he nnd ONASSIS conducted negotiations with R. P. McFADDEN and ~-- FREBMAN, National City Bank officials. ddl H i Be ART Bah 7, Tip reg #, : pt Rites Pen onrer cary iA Rt ta saat ene He stetod that the National City Bank agreed to loan fa) os )©6§3B, 750,000.00 on the C/.M.S MEADOWS, FORT BRIDGER and LAKE GEORGE, - provided the charter oarnings of these three vessels were assigned. - to repay the loan together with additional collateral that would 4 be put up by ONASSIS, ONASSIS agroed to furnish whatever addi- 7 tional collitoral the bank requested. BERENSON claimed that he porsonally arranged the a financing for the balinco duo on the ARICKAREE. Ho stated he a went to Lehman Brothers, who in turn sent him to WALTER SAUNDERS 4 of the Mutropolitan Life Insurance Company. The ARICKAREE was .