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weet 7 v4 oy ae 33 TT m oo 44 i i wh wt, ‘ are “wu + m a 3 a 4 : - 7 r. FE v ary ao . tah vy qed pre ey 4 wee 2 a _ ; » 4 eee Rhee bette fk fa.) see ag! pat be reel iS NOR ARS the Td eveipes Ms oy ag & Ny x 46-2507 an oo ne een Pon we a - ' Soot Es . ‘You will note a service charge credit of $27, 500, this “emo { ck represents 11 months overhead of american Marine Corp esents 11 months overhead merican Marine Corp. which it) \?< is shown as a charge on their P. & L. statement. Also DetaiLl® of Interest | as shown on Bxhipit #1 emounting to $e29 FM ole Re "Detail of Interest sf Fayenas by month you will. note”: that AUONA'S loan at December 31, 1948 will be $3,580,000. 00 if charter Hire 1s according to Exhibit #2 and Pe & Teo oS according to Exhibit fl. . : ? ug eos soe ae sate a Boy ce = - nets : .. - vt ra eo Pee fy a n . . . : 7 2 : . 5 . a cy re dae al . . . * rat a ' . oe fe, Ae “ "This “statement details the emount ‘of loans which Poe Cha, to U.S. Petroleum Carriers Inc. will owe on December 3lst, = 31.7%: "44 amounting to $6,686,666.7l and also shows payments which must ~*~ a be met in 1949. These amounts are in addition to the $187 Al.80 -.. less $14,33.11 for inventory or net of $173,307.69 which is <+/--- owed the Socony Vaccum Oil Co. for repairs to the S/T arickarie.*3* Also in addition to the Chase Loan by the american Marine Corp. Se there is the amount of $21,292.91 owed the Socony Vaccum O11 - Co. for repairs to their 3 ships zeae $35,234-24 for Afiventories -- or a net balance due of $206, 158.67 _ ae gh "This statement shows the profit and Loss s/o of ‘the « U.S. Petroleum Carriers, Inc. if their four vessels were ee) chartered to Petroleum Carriers of Panama at §1 per ton Bareboat. - This statement shows a profit before depreciation of $342,007 235.2" : and a profit after depreciation of $26,235.20. If accounts are to be adjusted on this basis additional revenue of $13,199.82 © se will have to be paid to the 0.S8.P. by Petcap for the year i948. -- Thia amount could then be used to pay the interest due Auona - and also balance due Petroleum ‘Garriers of PADAWMe eee A Cone ete gle PAR ANE a Exhibit #7 - ~ Estimated P ~ L - U. 8. Petroleum Carriers _ines for ee eee ee, es) iS +. ear a5 "This statement shows a loss after depreciation ef 7 = * te3,0p.28" this is based on 2. 70 Time Charter on n3 Yossels ast aeoes ye ce Br’ hy, ah . a" aomnets |