SOFA_081513
Transcript of SOFA_081513
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United States Bankruptcy CourtSouthern District of New York
In re Excel Maritime Carriers LTD., et al., Case No. 13-23060-RDD
Debtors. Chapter 11
(Jointly Administered)
GLOBAL NOTES REGARDING
DEBTORS BANKRUPTCY SCHEDULES AND STATEMENTS
General Notes
The Schedules of Assets and Liabilities (the Schedules) and Statements of Financial
Affairs (the SOFAs and, collectively with the Schedules, the BankruptcyMaterials) of Excel Maritime Carriers LTD. (Excel) and its affiliated debtors in the
above-captioned, jointly administered chapter 11 cases (collectively, the Debtors1)
were prepared pursuant to 11 U.S.C. 521 and Rule 1007 of the Federal Rules ofBankruptcy Procedure by management of the Debtors and are unaudited. While Debtors
management has made reasonable efforts to ensure that the Bankruptcy Materials areaccurate and complete, based upon information that was available to them at the time of
preparation, subsequent information may result in material changes to the Bankruptcy
Materials. Moreover, because the Bankruptcy Materials contain unaudited information
which is subject to further review and potential adjustment, there can be no assurance thatthese Bankruptcy Materials are complete. The Debtors reserve all rights to amend the
Bankruptcy Materials from time to time, in all respects, as may be necessary or
appropriate, including, but not limited to, the right to dispute or otherwise assert offsetsor defenses to any claim reflected on the Bankruptcy Materials as to amount, liability or
classification, or to otherwise subsequently designate any claim as disputed,contingent, or unliquidated. Furthermore, nothing contained in the Bankruptcy
Materials shall constitute a waiver of rights with respect to the above-captioned Chapter
1 The Debtors and the last four digits of their taxpayer identification numbers are as follows: Excel
Maritime Carriers LLC (9430), Excel Maritime Carriers Ltd. (2212), Amanda Enterprises Limited (8034),
Barland Holdings Inc. (8057), Candy Enterprises Inc. (8053), Castalia Services Ltd. (8055), Centel
Shipping Company Limited (0861), Coal Gypsy Shipco LLC (2212), Coal Hunter Shipco LLC (2212),
Coal Pride Shipco LLC (2212), Fianna Navigation S.A. (8041), Fountain Services Limited (8054), Grain
Express Shipco LLC (2212), Grain Harvester Shipco LLC (2212), Harvey Development Corp. (8048),
Ingram Limited (8039), Iron Anne Shipco LLC (2212), Iron Beauty Shipco LLC (2212), Iron Bill Shipco
LLC (2212), Iron Bradyn Shipco LLC (2212), Iron Brooke Shipco LLC (2212), Iron Fuzeyya Shipco LLC
(2212), Iron Kalypso Shipco LLC (2212), Iron Knight Shipco LLC (2212), Iron Lindrew Shipco LLC(2212), Iron Manolis Shipco LLC (2212), Iron Miner Shipco LLC (2212), Iron Vassilis Shipco LLC
(2212), Kirmar Shipco LLC (2212), Liegh Jane Navigation S.A. (8043), Lowlands Beilun Shipco LLC
(2212), Marias Trading Inc. (8036), Ore Hansa Shipco LLC (2212), Pascha Shipco LLC (2212), Point
Holdings Ltd. (NA), Sandra Shipco LLC (2212), Santa Barbara Shipco LLC (2212), Snapper Marine Ltd.
(8051), Tanaka Services Ltd. (8037), Teagan Shipholding S.A. (8045), Thurman International Ltd. (NA),
Whitelaw Enterprises Co. (8050), and Yasmine International Inc. (8046). The address for Excel Maritime
Carriers LLC is 777 Westchester Avenue Suite 101 White Plains, New York USA 10604 and the address
for all other Debtors is c/o Excel Maritime Carriers Ltd., 17th KM National Road Athens, Lamia & Finikos
Street, 145 64 Nea Kifisia, Athens, Greece.
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11 cases, including but not limited to any issues involving substantive consolidation,
equitable subordination, or causes of action arising under the provisions of Chapter 5 of
title 11 of the United States Code (the Bankruptcy Code) or any other relevant non-bankruptcy laws to recover assets or avoid transfers. These global notes regarding the
Debtors Bankruptcy Materials (Global Notes) comprise an integral part of the
Bankruptcy Materials and should be referred to and considered in connection with anyreview of the Bankruptcy Materials.
1. Basis of Presentation. The Bankruptcy Materials reflect the unconsolidatedassets and liabilities of each individual Debtor to the extent distinguishable. Similarly,the revenues depicted in these Bankruptcy Materials have been presented on an accrual
basis, unconsolidated for each individual Debtor. Accordingly, the totals listed in these
Bankruptcy Materials may not be comparable to Excels consolidated financial reports
prepared for public reporting purposes or otherwise as these reports include Excel andeach of its subsidiaries, some of which are not Debtors in these proceedings. The
Bankruptcy Materials do not purport to represent financial statements prepared in
accordance with U.S. Generally Accepted Accounting Principles (GAAP) or any otherrecognized financial reporting framework, nor are they intended to reconcile to any
financial statements otherwise prepared or distributed by the Debtors or any of the
Debtors affiliates.
Moreover, given, among other things, the uncertainty surrounding the valuation and
nature of certain liabilities, to the extent that a Debtor shows more assets than liabilities,
this is not a conclusion that the Debtor was solvent as of July 1, 2013 (the Petition
Date) or at any time prior to the Petition Date. Similarly, to the extent that a Debtor
shows more liabilities than assets, this is not a conclusion that the Debtor was insolvent at
the Petition Date or any time prior to the Petition Date.
The Schedules, SOFAs, and General Notes should not be relied upon by any persons for
information relating to current or future financial conditions, events or performance of
any of the Debtors or their affiliates.
2. Causes of Action. The Debtors, despite their efforts, may not have listed all oftheir causes of action against third parties as assets in the Bankruptcy Materials. TheDebtors reserve all of their rights with respect to any causes of action they may have, and
neither these Global Notes nor the Bankruptcy Materials shall be deemed a waiver of any
causes of action.
3. Claims Description. Any failure to designate a claim on the Debtors BankruptcyMaterials as disputed,contingent, orunliquidated does not constitute an admission
by the Debtors that such amount is not disputed,contingent, orunliquidated. The
Debtors reserve the right to dispute any claim reflected on their Bankruptcy Materials onany grounds, including but not limited to, amount, liability or classification, or to
otherwise subsequently amend the Bankruptcy Materials or to designate such claims as
disputed,contingent, orunliquidated.
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4. Claims Paid Pursuant to Court Orders. The United States Bankruptcy Court forthe Southern District of New York authorized the Debtors to pay certain prepetition
claims, including but not limited to, insurance payments, certain taxes and trade vendorclaims. Consequently, certain prepetition fixed, liquidated and undisputed unsecured
claims may have been paid following the Petition Date. The claim balances represent the
balances as at July 1, 2013 and have not been adjusted for post-petition payments.Additional amounts reflecting accrued, but unbilled, liabilities as at the Petition Date mayalso not be reflected. Furthermore, the Debtors may make additional payments to
prepetition claimants following the filing of the Bankruptcy Materials and as such the
Debtors reserve their rights to amend the amount of such claims.
5. Consolidated Accounting and Disbursements System. Certain of the Debtorsand/or non-Debtors act on behalf of other Debtors and/or non-Debtors. Moreover,
because the Debtors accounting systems, policies and practices were developed toproduce consolidated reporting, rather than entity-by-entity reporting, it is possible that
not all assets or liabilities have been attributed to the correct legal entity on the Schedules
and SOFAs. Furthermore, payments made are listed by the entity making such paymentnotwithstanding that many such payments may have been made on behalf of another
entity. The Debtors reserve their rights with respect to the proper accounting and
treatment of such payments and liabilities. Whether or not a particular payment or
obligation was incurred by the entity actually making the payment or incurring theobligation is a complex question of applicable non-bankruptcy law. Accordingly, the
Debtors reserve all rights to reclassify any payment or obligation as belonging to another
entity.
6. Contingent Assets. Prior to the relevant Petition Date, each Debtor, as a plaintiff,may have commenced various lawsuits in the ordinary course of its business against third
parties seeking monetary damages. Additionally, the Debtors may possess contingentclaims in the form of various avoidance actions they could commence under the
provisions of Chapter 5 of the Bankruptcy Code and other relevant non-bankruptcy laws
to recover assets. Refer to item 4a in each Statement, for lawsuits commenced prior tothe Petition Date in which the relevant Debtor was a plaintiff or may have assumed
liabilities relating to such lawsuit. The Debtors have not set forth avoidance actions in
their SOFAs. The Debtors reserve all of their rights with respect to any claims, causes ofaction or avoidance actions they may have and nothing contained in these Global Notes
or the Schedules and Statements shall be deemed a waiver of any such claims, avoidance
actions or causes of action or in any way prejudice or impair the assertion of such claims.
7. Current Values. Unless otherwise indicated, the basis for all current valuesincluded in these Bankruptcy Materials was the estimated net book value from the
Debtors books and records as of the close of business on July 1, 2013. The estimated net
book value as of July 1, 2013 may not reflect the actual current value of the respectiveasset. Amounts ultimately realized from a potential disposition of the Debtors assets may
vary from net book value, and such variance may be material. The Debtors reserve the
right to dispute the true and appropriate value of any and all of their assets. In addition,the amounts shown for total liabilities exclude items identified as unknown or
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undetermined, therefore ultimate liabilities may differ materially from those stated in
the Bankruptcy Materials. Unless otherwise indicated, the basis for the current liabilities
was the estimated net book value as of July 1, 2013, the amount of the ultimate claimmay differ due to claims reconciliation, additional invoices received and the payment of
prepetition claims and as such the Debtors reserve their rights to amend the amount of
such claims.
The asset amounts listed do not include material write-downs that may be necessary.
Operating cash is presented as bank balances as of the Petition Date and does not include
cash held by non-Debtor entities. Certain other assets such as investments in subsidiariesare listed as undetermined.
8. Dates. Unless otherwise indicated, all asset and liability information is listed asof the Petition Date .
9. Excluded Assets and Liabilities. The Debtors have excluded accrued liabilities
including, but not limited to, accrued salaries and employee benefits, and accruedaccounts payable. Other immaterial assets and liabilities may also have been excluded.
10. Foreign Currency. Unless otherwise indicated, all amounts are reflected in U.S.dollars at an exchange rate as of July 1, 2013.
11. General Reservation of Rights. The Debtors specifically reserve the right toamend, modify, supply, correct, change or alter any part of their Schedules and SOFAs asand to the extent necessary as they deem appropriate.
12. Insiders. In the circumstance where the Bankruptcy Materials require informationregarding insiders and/or officers and directors, the Debtors have attempted to includetherein each of the Debtors (a) directors and (b) employees that may be, or may have
been during the relevant period, officers, as such term is defined by applicable law.
The listing of a party as an insider is not intended to be, nor should it be, construed as alegal characterization of such party as an insider and does not act as an admission of any
fact, claim, right, or defense, and all such rights, claims, and defenses are hereby
expressly reserved. Employees have been included in this disclosure for informationalpurposes only and should not be deemed to be insiders in terms of control of the
Debtors, management responsibilities or functions, decision-making or corporate
authority and/or as otherwise defined by applicable law, including without limitation,
federal securities laws, or with respect to any theories of liability or for any otherpurpose. For confidentiality, the salaries of the officers and directors are not disclosed.
13. Intellectual Property Rights. Exclusion of certain intellectual property shall not beconstrued to be an admission that such intellectual property rights have been abandoned,have been terminated, or otherwise expired by their terms or have been assigned or
otherwise transferred pursuant to a sale, acquisition or other transaction.
14. Intercompany. Prior to the Petition Date, the Debtors routinely engaged in
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intercompany transactions resulting in intercompany account balances. The intercompany
accounts balances, if any, that are reflected on the Debtors books and records are set
forth in the respective Debtors Schedules. The listing of these amounts is not and shallnot be construed as an admission of the characterization of such balance as debt, equity,
or otherwise. Furthermore, the listing of these amounts is not necessarily indicative of the
ultimate recovery, if any, on any intercompany asset account or the impairment or claimstatus of any intercompany liability account. The Debtors reserve all rights to laterchange the characterization, classification, categorization or designation of intercompany
accounts reported in the Schedules and Statements.
15. Licenses and Taxes. In the ordinary course of the Debtors businesses, theDebtors acquire certain licenses that may, under certain circumstances, be characterized
as taxes. Conversely, in the ordinary course of the Debtors businesses, the Debtors incur
certain tax obligations that may, under certain circumstances, be characterized aslicenses. The Debtors designation of any claim as a tax or a license is not an admission
that such claim is a tax or a license. The Debtors reserve the right to dispute or challenge
whether any amount listed as a tax or license is properly characterized as a tax or license.
16. Litigation. Certain litigation reflected as claims against one of the Debtors mayrelate to other Debtors. The Debtors have made reasonable efforts to accurately record
these actions in the Bankruptcy Materials of the Debtors that are the parties to the action.
17. Setoffs. The Debtors routinely incur certain setoffs from customers or suppliers inthe ordinary course of business. Setoffs in the ordinary course can result from variousitems including, but not limited to, intercompany transactions, pricing discrepancies,
returns of bunkers and other items, warranties, demurrage and disputes between the
Debtors and their customers and/or suppliers. These normal setoffs are consistent with
the ordinary course of business in the Debtors industries and can be particularlyvoluminous, making it unduly burdensome, expensive, and an inefficient use of estate
resources for the Debtors to list such ordinary course setoffs. Therefore, although such
setoffs and other similar rights may have been accounted for when scheduling certainamounts, these ordinary course setoffs are not independently accounted for, and as such,
are excluded from the Debtors Bankruptcy Materials.
18. Specific Notes. These Global Notes are in addition to the specific notes set forthbelow and in the individual Bankruptcy Materials. Disclosure of information in one
Schedule, SOFA, exhibit, or continuation sheet even if incorrectly placed, shall be
deemed to be disclosed in the correct Schedule, SOFA, exhibit or continuation sheet.
19. Totals. All totals that are included in the Bankruptcy Materials represent totals ofall the known amounts included in the Schedules.
20. Trade Accounts Receivable and Accounts Payable. Accounts receivable arepresented without consideration for any liabilities related to mutual counterparty accounts
payable, open or terminated contract liabilities, liquidated damages, setoff rights orcollateral held by the Debtors, unless otherwise stated. Likewise, accounts payable do
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not include provisions for open or terminated contracts, liquidated damages, setoff rights
or collateral that has been posed on behalf of the counterparty.
21. Undetermined Amounts. The description of an amount as unknown orundetermined is not intended to reflect upon the materiality of such amount.
Notes to the Schedules of Assets and Liabilities
Schedule A: Real Property. The Debtors hold no real property.
Schedule B: Personal Property. The Debtors may not have included certain assets with a
net book value of zero within Schedule B.
Schedule B.2: Checking, Savings and Other Financial Accounts. Bank account balancesincluded on B.2 are reflective of the opening book balances as at July 1, 2013, which may
differ slightly from the bank balances due to common reconciling items. The bank
accounts have been listed on Schedule B.2 of the Debtor whose name is actually listed onthe bank account. In some instances, the payments made from, and the book balances
related to, a particular bank account are reflected on the books of a Debtor other than the
one whose actual name is listed on the bank account.
Schedule B.9: Interests in Insurance Policies. A determination as to the surrender or
refund value of each of the insurance policies has not been made and therefore the
balance is listed as undetermined.
Schedule D: Creditors Holding Secured Claims. The Debtors reserve the right to dispute
or challenge the validity, perfection or immunity from avoidance of any lien purported to
be granted or perfected in any specific asset to a secured creditor listed on Schedule D ofany Debtors. Moreover, although the Debtors may have scheduled claims of various
creditors as secured claims, the Debtors reserve all rights to dispute or challenge the
secured nature of any such creditors claim or the characterization of the structure of anysuch transaction or any document or instrument (including, without limitation, any
intercompany agreement) related to such creditors claim. In certain instances, a Debtor
may be a co-obligor, co-mortgagor or guarantor with respect to scheduled claims of otherDebtors, and no claim set forth on Schedule D of any Debtor is intended to acknowledge
claims of creditors that are otherwise satisfied or discharged by other entities. The
descriptions provided in Schedule D are intended only to be a summary. Reference to the
applicable loan agreements and related documents is necessary for a complete descriptionof the collateral and the nature, extent and priority of any liens. Except as specifically
stated herein, real property lessors, utility companies and other parties which may hold
security deposits have not been listed on Schedule D. Certain of the Debtors agreements
listed on Schedule G may be in the nature of conditional sales agreements or securedfinancing agreements. No attempt has been made to identify such agreements for
purposes of Schedule D. Nothing in the Global Notes or the Schedules and Statements
shall be deemed a modification or interpretation of the terms of such agreements.
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the Debtors reserve the right to assert that any such agreement constitutes an executory
contract.
In some cases, the same supplier or provider may have multiple agreements listed in
Schedule G. These agreements represent distinct agreements between the applicable
Debtor and such supplier or provider, and will be listed as multiple contracts under thesame counterparty.
Listing a contract or agreement on this schedule does not constitute an admission that
such contract or agreement is an executory contract. Any and all of the Debtors rights,claims, and causes of action with respect to the contracts and agreements listed on this
schedule are hereby reserved and preserved. Additionally, certain of the real property
leases listed on Schedule G may contain renewal options, guarantees of payments,
options to purchase, rights of first refusal, rights to lease additional space and othermiscellaneous rights. Certain of the agreements listed on Schedule G may be in the
nature of conditional sales agreements or secured financings. The presence of a contract
or agreement on Schedule G does not constitute an admission that such contract oragreement is an executory contract or unexpired lease. Generally, executory agreements
that are oral in nature have not been included in the Schedule.
Notes to Statement of Financial Affairs
SOFA 1: Income from Operations of Business. Income represents net revenue presentedon an accrual basis, unconsolidated for each individual Debtor. January 1, 2013 through
July 1, 2013 represents a preliminary estimate of income.
SOFA 3B: Payments to Creditors. Payments made by the Debtors within 90 days prior tothe Petition Date have been classified by the Debtors based on the owner of the various
accounts from which disbursements were made and without regard to which affiliated
legal entity was obligated to make payment. The Debtors have listed all payments orother transfers made within 90 days immediately preceding the Petition Date. The
information provided shall not constitute a waiver of any of the Debtors rights or an
admission that the recipients of such payments or other transfers were creditors or thatamounts paid or otherwise transferred were due and owing. The payments included in
this section may generally be categorized as follows: supplier payments; service fees;
agent fees; management fees; insurance payments; taxes and regulatory fees; board
member fees, wages and expense reimbursements (for parties also shown on SOFA 3C).
SOFA 3C: Payments to Creditors Who Were Insiders. The information provided shall not
constitute a waiver of any of the Debtors rights or an admission that the recipients ofsuch payments were creditors or that amounts paid were due and owing. To the extent
payments were made to insiders within 90 days immediately preceding the Petition Date,
such payments are duplicated on SOFA 3B.
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Non-debtor Maryville Maritime, Inc. (Maryville), as agent, regularly makes payments
on behalf of various Debtors. Accordingly, certain of the payments listed on the SOFAs
of the Debtors may have been paid by Maryville as agent.
Payments made to Dean Services, Evangelia Piggou, and Ourania Galanou for real
property lease payments and director fees were not made directly by a Debtor in thesebankruptcy proceedings but were made by non-Debtor, Maryville, and have been shownhere and in SOFA 3B for informational purposes only. The remainder of these
Bankruptcy Materials does not include various other payments, financial activity, assets,
liabilities or any other information of Maryville.
SOFA 9: Payments Related to Debt Counseling or Bankruptcy. Payments relating to
bankruptcy professionals have been made by Excel on behalf of all of the Debtors.
SOFA 18: Nature, location and name of business. The dates listed as beginning and
ending dates of the business refer to the formation dates of the entity which may be
different than the dates in which the Debtors became owners of the subsidiaries listedtherein.
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UNITED STATES BANKRUPTCY COURT
Excel Maritime Carriers Ltd.In Re: ___________________________________________ , Case No.: ______________________________Debtor (if known)
B 7 (Official Form 7) (04/13)
This statement is to be completed by every debtor. Spouses filing a joint petition may file a single statement on which the information forboth spouses is combined. If the case is filed under chapter 12 or chapter 13, a married debtor must furnish information for both spouses
whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed. An individual debtor engaged in
business as a sole proprietor, partner, family farmer, or self-employed professional, should provide the information requested on thisstatement concerning all such activities as well as the individual's personal affairs. To indicate payments, transfers and the like to minor
children, state the child's initials and the name and address of the child's parent or guardian, such as "A.B., a minor child, by John Doe,guardian." Do not disclose the child's name. See, 11 U.S.C. 112 and Fed. R. Bankr. P. 1007(m).
13-23060 (RDD)
STATEMENT OF FINANCIAL AFFAIRS
DEFINITIONS
Questions 1 - 18 are to be completed by all debtors. Debtors that are or have been in business, as defined below, also must complete
Questions 19 - 25. If the answer to an applicable question is "None", mark the box labeled "None". If additional space is needed for theanswer to any question, use and attach a separate sheet properly identified with the case name, case number (if known), and the number of the
question.
"In business." A debtor is "in business" for the purpose of this form if the debtor is a corporation or partnership. An individual debtor is"in business" for the purpose of this form if the debtor is or has been, within the six years immediately preceding the filing of this bankruptcy
case, any of the following: an officer, director, managing executive, or owner of 5 percent or more of the voting or equity securities of acorporation; a partner, other than a limited partner, of a partnership; a sole proprietor or self-employed full-time or part-time. An individual
debtor also may be in business for the purpose of this form if the debtor engages in a trade, business, or other activity, other than as an
employee, to supplement income from the debtors primary employment.
"Insider." The term "insider" includes, but is not limited to: relatives of the debtor; general partners of the debtor and their relatives;corporations of which the debtor is an officer, director, or person in control; officers, directors, and any owner of 5 percent or more of the
voting or equity securities of a corporate debtor and their relatives; affiliates of the debtor and insiders of such affiliates; any managing agentof the debtor. 11 U.S.C. 101.
None
1. Income from employment or operation of business
State the gross amount of income the debtor has received from employment, trade, or profession, or from operation of the debtor's
business, including part-time activities either as an employee or in independent trade or business, from the beginning of this
calendar year to the date this case was commenced. State also the gross amounts received during the two years immediately
preceding this calendar year. (A debtor that maintains, or has maintained, financial records on the basis of a fiscal rather than a
calendar year may report fiscal year income. Identify the beginning and ending dates of the debtor's fiscal year.) If a joint petition
is filed, state income for each spouse separately. (Married debtors filing under chapter 12 or chapter 13 must state income of both
spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
AMOUNT SOURCE
Page 1 of 11
FOR THE SOUTHERN DISTRICT OF NEW YORK
$13,987,106 YTD Revenue for the period from 1/1/2013 - 7/1/2013
$0 Revenue for the year ended 12/31/2012
$849,236,454 Revenue for the year ended 12/31/2011
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2. Income other than from employment or operation of business
State the amount of income received by the debtor other than from employment, trade, profession, or operation of the debtor's
business during the two years immediately preceding the commencement of this case. Give particulars. If a joint petition is filed,state income for each spouse separately. (Married debtors filing under chapter 12 or chapter 13 must state income for each spouse
whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
AMOUNT AND PERIOD
3. Payments to creditors
a. Individual or joint debtor(s) with primarily consumer debts: List all payments on loans, installment purchases of goods or
services, and other debts to any creditor made within 90 days immediately preceding the commencement of this case unless the
aggregate value of all property that constitutes or is affected by such transfer is less than $600. Indicate with an asterisk (*) any
payments that were made to a creditor on account of a domestic support obligation or as part of an alternative repayment schedule
under a plan by an approved nonprofit budgeting and credit counseling agency. (Married debtors filing under chapter 12 or chapter13 must include payments by either or both spouses whether or not a joint petition is filed, unless the spouses are separated and a
joint petition is not filed.)
NAME AND ADDRESS OF CREDITOR
SOURCE
None
DATES OF
PAYMENTS
AMOUNT
PAID
b. Debtor whose debts are not primarily consumer debts: List each payment or other transfer to any creditor made within 90 days
immediately preceding the commencement of the case unless the aggregate value of all property that constitutes or is affected by
such transfer is less than $6,225*. If the debtor is an individual, indicate with an asterisk (*) any payments that were made to a
creditor on account of a domestic support obligation or as part of an alternative repayment schedule under a plan by an approved
nonprofit budgeting and credit counseling agency. (Married debtors filing under chapter 12 or chapter 13 must include payments
and other transfers by either or both spouses whether or not a joint petition is filed, unless the spouses are separated and a joint
petition is not filed.)
NAME AND ADDRESS OF CREDITOR DATES OF
PAYMENTS/TRANSFERS
AMOUNT
PAID ORVALUE OF
TRANSFERS
AMOUNT
STILL OWING
None
AMOUNT
STILL OWING
See attachment 3B of the Statement of Financial Affairs
Excel Maritime Carriers Ltd.In Re: ___________________________________________ , Case No.: ___________________________________________
Debtor (if known)
13-23060 (RDD) Page 2 of 11
Complete a. or b., as appropriate, and c.
* Amount subject to adjustments on 4/01/13, and every three years thereafter with respect to cases commenced on or after the date of adjustment
None
$16,410 for the period from 1/1/2013 - 1/7/2013 Bank interest received
$2,402,738 for the year ended 12/31/2012 Sale proceeds from vessel disposal
$1,629,429 for the year ended 12/31/2011 Income from FFA contracts plus interest received
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Excel Maritime Carriers Ltd.In Re: ___________________________________________ , Case No.: ___________________________________________
Debtor (if known)
13-23060 (RDD) Page 3 of 11
c. All debtors: List all payments made within one year immediately preceding the commencement of this case to or for the benefit
of creditors who are or were insiders. (Married debtors filing under chapter 12 or chapter 13 must include payments by either or
both spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
NAME AND ADDRESS OF CREDITOR
AND RELATIONSHIP TO DEBTOR
DATES OF
PAYMENTS
AMOUNT
PAID
None
AMOUNT
STILL OWING
See attachment 3C of the Statement of Financial Affairs
4. Suits and administrative proceedings, executions, garnishments, and attachments
a. List all suits and administrative proceedings to which the debtor is or was a party within one year immediately preceding the
filing of this bankruptcy case. (Married debtors filing under chapter 12 or chapter 13 must include information concerning either
or both spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
None
CAPTION OF SUIT
AND CASE NUMBER
NATURE OF
PROCEEDING
COURT OR AGENCY
AND LOCATION
STATUS OF
DISPOSITION
b. Describe all property that has been attached, garnished or seized under any legal or equitable process within one year
immediately preceding the commencement of this case. (Married debtors filing under chapter 12 or chapter 13 must includeinformation concerning property of either or both spouses whether or not a joint petition is filed, unless the spouses are separated
and a joint petition is not filed.)
None
NAME AND ADDRESS OF
PERSON FOR WHOSE BENEFIT
PROPERTY WAS SEIZED DATE OF SEIZURE
DESCRIPTION AND VALUE OF
PROPERTY
See attachment 4A of the Statement of Financial Affairs
See attachment 4B of the Statement of Financial Affairs
5. Repossessions, foreclosures, and returns
List all property that has been repossessed by a creditor, sold at a foreclosure sale, transferred through a deed in lieu of foreclosure
or returned to the seller, within one year immediately preceding the commencement of this case. (Married debtors filing under
chapter 12 or chapter 13 must include information concerning property of either or both spouses whether or not a joint petition isfiled, unless the spouses are separated and a joint petition is not filed.)
None
NAME AND ADDRESS OF
CREDITOR OR SELLER
DATE OF REPOSSESSION,
FORECLOSURE SALE,
TRANSFER OR RETURNDESCRIPTION AND VALUE OF
PROPERTY
See attachment 5 of the Statement of Financial Affairs
6. Assignments and receiverships
a. Describe any assignment of property for the benefit of creditors made within 120 days immediately preceding the
commencement of this case. (Married debtors filing under chapter 12 or chapter 13 must include any assignment by either or both
spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
None
NAME AND ADDRESS OF ASSIGNEE DATE OF ASSIGNMENT TERMS OF ASSIGNMENT OR
SETTLEMENT
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b. List all property which has been in the hands of a custodian, receiver, or court-appointed official within one year immediately
preceding the commencement of this case. (Married debtors filing under chapter 12 or chapter 13 must include information
concerning property of either or both spouses whether or not a joint petition is filed, unless the spouses are separated and a joint
petition is not filed.)
None
NAME AND ADDRESS
OF CUSTODIAN
DATE OF ORDER DESCRIPTION AND VALUE OF
PROPERTY
NAME AND LOCATION OF
COURT
CASE TITLE NUMBER
7. Gifts
List all gifts or charitable contributions made within one year immediately preceding the commencement of this case except
ordinary and usual gifts to family members aggregating less than $200 in value per individual family member and charitable
contributions aggregating less than $100 per recipient. (Married debtors filing under chapter 12 or chapter 13 must include gifts or
contributions by either or both spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition
is not filed.)
None
NAME AND ADDRESS OF
PERSON OR ORGANIZATION
DATE OF GIFT DESCRIPTION OF GIFTRELATIONSHIP TO
DEBTOR, IF ANY
8. Losses
List all losses from fire, theft, other casualty or gambling within one year immediately preceding the commencement of this caseor since the commencement of this case. (Married debtors filing under chapter 12 or chapter 13 must include losses by either or
both spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
None
DESCRIPTION AND VALUE OF
PROPERTY
DATE OF LOSSDESCRIPTION OF CIRCUMSTANCES AND, IF
LOSS WAS COVERED IN WHOLE OR IN PART BY
INSURANCE, GIVE PARTICULARS
VALUE OF GIFT
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13-23060 (RDD) Page 5 of 11
9. Payments related to debt counseling or bankruptcy
List all payments made or property transferred by or on behalf of the debtor to any persons, including attorneys, for consultation
concerning debt consolidation, relief under the bankruptcy law or preparation of a petition in bankruptcy within one year
immediately preceding the commencement of this case.
None
NAME AND ADDRESS OF
PAYEE
AMOUNT OF MONEY OR
DESCRIPTION AND VALUE OF
PROPERTY
DATE OF PAYMENT, NAME OF
PAYER IF OTHER THAN DEBTOR
10. Other transfers
a. List all other property, other than property transferred in the ordinary course of the business or financial affairs of the debtor,
transferred either absolutely or as security within two years immediately preceding the commencement of this case. (Married
debtors filing under chapter 12 or chapter 13 must include transfers by either or both spouses whether or not a joint petition is
filed, unless the spouses are separated and a joint petition is not filed.)
None
NAME AND ADDRESS OF
TRANSFEREE,
RELATIONSHIP TO DEBTOR DESCRIBE PROPERTY TRANSFERREDDATE VALUE RECEIVED
See attachment 9 of the Statement of Financial Affairs
b. List all property transferred by the debtor within ten years immediately preceding the commencement of this case to a self-
settled trust or similar device of which the debtor is a beneficiary.
None
NAME OF TRUST OR OTHER
DEVICE
AMOUNT OF MONEY OR DESCRIPTION AND
VALUE OF PROPERTY OR DEBTOR'S
INTEREST IN PROPERTY
DATE(S) OF
TRANSFER(S)
11. Closed financial accounts
List all financial accounts and instruments held in the name of the debtor or for the benefit of the debtor which were closed, sold,
or otherwise transferred within one year immediately preceding the commencement of this case. Include checking, savings, or
other financial accounts, certificates of deposit, or other instruments; shares and share accounts held in banks, credit unions,
pension funds, cooperatives, associations, brokerage houses and other financial institutions. (Married debtors filing under chapter
12 or chapter 13 must include information concerning accounts or instruments held by or for either or both spouses whether or not
a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
None
NAME AND ADDRESS OF
INSTITUTION
AMOUNT AND DATE OF SALE OR
CLOSING
TYPE OF ACCOUNT, LAST
FOUR DIGITS OF ACCOUNT
NUMBER, AND AMOUNT OFFINAL BALANCE
See attachment 11 of the Statement of Financial Affairs
See attachment 10A of the Statement of Financial Affairs
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13-23060 (RDD) Page 6 of 11
12. Safe deposit boxes
List each safe deposit or other box or depository in which the debtor has or had securities, cash, or other valuables within one year
immediately preceding the commencement of this case. (Married debtors filing under chapter 12 or chapter 13 must include boxes
or depositories of either or both spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition
is not filed.)
None
NAME AND ADDRESS OFBANK OR OTHER
DEPOSITORY
DATE OF TRANSFEROR SURRENDER, IF
ANY
NAMES AND
ADDRESSES OF THOSEWITH ACCESS TO BOX
OR DEPOSITORY
DESCRIPTION OFCONTENTS
13. Setoffs
List all setoffs made by any creditor, including a bank, against a debt or deposit of the debtor within 90 days preceding the
commencement of this case. (Married debtors filing under chapter 12 or chapter 13 must include information concerning either or
both spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
None
NAME AND ADDRESS OF
CREDITOR AMOUNT OF SETOFFDATE OF SETOFF
14. Property held for another person
List all property owned by another person that the debtor holds or controls.None
NAME AND ADDRESS OF
OWNER
LOCATION OF PROPERTYDESCRIPTION AND VALUE OF
PROPERTY
16. Spouses and Former Spouses
None
NAME
If the debtor resides or resided in a community property state, commonwealth, or territory (including Alaska, Arizona, California,
Idaho, Louisiana, Nevada, New Mexico, Puerto Rico, Texas, Washington, or Wisconsin) within eight years immediately preceding
the commencement of the case, identify the name of the debtors spouse and of any former spouse who resides or resided with the
debtor in the community property state.
15. Prior address of debtor
If the debtor has moved within three years immediately preceding the commencement of this case, list all premises which the
debtor occupied during that period and vacated prior to the commencement of this case. If a joint petition is filed, report also any
separate address of either spouse.
None
ADDRESS DATES OF OCCUPANCY
See attachment 13 of the Statement of Financial Affairs
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13-23060 (RDD) Page 7 of 11
17. Environmental Information.
For the purpose of this question, the following definitions apply:
Environmental Law means any federal, state, or local statute or regulation regulating pollution, contamination, releases of
hazardous or toxic substances, wastes or material into the air, land, soil, surface water, groundwater, or other medium, including,but not limited to, statutes or regulating the cleanup of these substances, wastes, or material.
Site means any location, facility, or property as defined under any Environmental Law, whether or not presently or formerlyowned or operated by the debtor, including, but not limited to, disposal sites.
Hazardous Material means anything defined as a hazardous waste, hazardous substance, toxic substance, hazardous material,
pollutant, or contaminant or similar term under an Environmental Law.
a. List the name and address of every site for which the debtor has received notice in writing by a governmental unit that it may beliable or potentially liable under or in violation of an Environmental Law. Indicate the governmental unit, the date of the notice,and, if known, the Environmental Law:
None
SITE NAMEAND ADDRESS
ENVIRONMENTALLAW
NAME AND ADDRESS OFGOVERNMENTAL UNIT
DATE OFNOTICE
c. List all judicial or administrative proceedings, including settlements or orders, under any Environmental Law with respect towhich the debtor is or was a party. Indicate the name and address of the governmental unit that is or was a party to the proceeding,and the docket number.
None
NAME AND ADDRESSOF GOVERNMENTAL UNIT
DOCKET NUMBER STATUS OR DISPOSITION
SITE NAMEAND ADDRESS
ENVIRONMENTALLAW
NAME AND ADDRESS OFGOVERNMENTAL UNIT
DATE OFNOTICE
b. List the name and address of every site for which the debtor provided notice to a governmental unit of a release of HazardousMaterial. Indicate the governmental unit to which the notice was sent and the date of the notice.
None
18. Nature, location and name of business
None
NAME BEGINNING ANDENDING DATES
LAST FOUR DIGITS OFSOCIAL-SECURITY OR OTHERINDIVIDUAL TAXPAYER-I.D.
NO. (ITIN)/ COMPLETE EIN
ADDRESS NATURE OFBUSINESS
a. If the debtor is an individual, list the names, addresses, taxpayer-identification numbers, nature of the businesses, and beginningand ending dates of all businesses in which the debtor was an officer, director, partner, or managing executive of a corporation,
partner in a partnership, sole proprietor, or was self-employed in a trade, profession, or other activity either full- or part-time
within six years immediately preceding the commencement of this case, or in which the debtor owned 5 percent or more of thevoting or equity securities with six years immediately preceding the commencement of this case.
If the debtor is a partnership, list the names, addresses, taxpayer-identification numbers, nature of the businesses,and beginning and ending dates of all businesses in which the debtor was a partner or owned 5 percent or more ofthe voting or equity securities, within six years immediately preceding the commencement of this case.
If the debtor is a corporation, list the names, addresses, taxpayer-identification numbers, nature of the businesses,and beginning and ending dates of all businesses in which the debtor was a partner or owned 5 percent or more of
the voting or equity securities within six years immediately preceding the commencement of this case.
See attachment 18A of the Statement of Financial Affairs
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13-23060 (RDD) Page 8 of 11
The following questions are to be completed by every debtor that is a corporation or partnership and by any individual
debtor who is or has been, within the six years immediately preceding the commencement of this case, any of the following: anofficer, director, managing executive, or owner of more than 5 percent of the voting or equity securities of a corporation; a partner,
other than a limited partner, of a partnership, a sole proprietor, or self-employed in a trade, profession, or other activity, either full-or part-time.
b. Identify any business listed in response to subdivision a., above, that is single asset real estate as defined in 11 U.S.C. 101.None
NAME ADDRESS
(An individual or joint debtor should complete this portion of the statement only if the debtor is or has been in business,
as defined above, within the six years immediately preceding the commencement of this case. A debtor who has not been in
business within those six years should go directly to the signature page.)
19. Books, records and financial statements
None
NAME AND ADDRESS
a. List all bookkeepers and accountants who within two years immediately preceding the filing of this bankruptcy case kept orsupervised the keeping of books of accounts and records of the debtor.
DATES SERVICES RENDERED
None d. List all financial institutions, creditors and other parties, including mercantile and trade agencies, to whom a financial statementwas issued by the debtor within two years immediately preceding the commencement of this case.
NAME AND ADDRESS DATE ISSUED
None b. List all firms or individuals who within two years immediately preceding the filing of this bankruptcy case have audited thebooks of account and records, or prepared a financial statement of the debtor.
NAME DATES SERVICES RENDEREDADDRESS
None c. List all firms or individuals who at the time of the commencement of this case were in possession of the books of account and
records of the debtor. If any of the books of account and records are not available, explain.
NAME ADDRESS
See attachment 19A of the Statement of Financial Affairs
See attachment 19B of the Statement of Financial Affairs
See attachment 19C of the Statement of Financial Affairs
20. Inventories
None a. List the dates of the last two inventories taken of your property, the name of the person who supervised the taking of each
inventory, and the dollar amount and basis of each inventory.
DATE OF INVENTORY
DOLLAR AMOUNT OFINVENTORY (Specify cost, market
or other basis)INVENTORY
SUPERVISOR
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13-23060 (RDD) Page 9 of 11
None b. List the name and address of the person having possession of the records of each of the inventories reported in a., above.
DATE OF INVENTORY
NAME AND ADDRESS OF CUSTODIAN OF
INVENTORY RECORDS
21. Current Partners, Officers, Directors and Shareholders
None a. If the debtor is a partnership, list the nature and percentage of partnership interest of each member of the partnership.
NAME AND ADDRESS PERCENTAGE OF INTERESTNATURE OF INTEREST
None b. If the debtor is a corporation, list all officers and directors of the corporation, and each stockholder who directly or indirectly
owns, controls, or holds 5 percent or more of the voting or equity securities of the corporation.
NAME AND ADDRESS NATURE AND
PERCENTAGE OF STOCK
OWNERSHIP
TITLE
See attachment 21B of the Statement of Financial Affairs
22. Former partners, officers, directors and shareholders
None a. If the debtor is a partnership, list each member who withdrew from the partnership within one year immediately preceding the
commencement of this case.
NAME DATE OF WITHDRAWALADDRESS
None b. If the debtor is a corporation, list all officers or directors whose relationship with the corporation terminated within one year
immediately preceding the commencement of this case.
NAME AND ADDRESS DATE OF TERMINATIONTITLE
23. Withdrawals from a partnership or distributions by a corporation
None If the debtor is a partnership or corporation, list all withdrawals or distributions credited or given to an insider, including
compensation in any form, bonuses, loans, stock redemptions, options exercised and any other perquisite during one year
immediately preceding the commencement of this case.
NAME ADDRESS OF
RECIPIENT, RELATIONSHIP
TO DEBTOR
AMOUNT OF MONEY OR
DESCRIPTION AND VALUE OF
PROPERTY
DATE AND PURPOSE OF
WITHDRAWAL
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13-23060 (RDD) Page 10 of 11
25. Pension Funds.
None If the debtor is not an individual, list the name and federal taxpayer-identification number of any pension fund to which the debtor,
as an employer, has been responsible for contributing at any time within six years immediately preceding the commencement of the
case.
NAME OF PENSION FUND TAXPAYER-IDENTIFICATION NUMBER (EIN)
******
24. Tax Consolidation Group.
None If the debtor is a corporation, list the name and federal taxpayer-identification number of the parent corporation of any
consolidated group for tax purposes of which the debtor has been a member at any time within six years immediately preceding the
commencement of the case.
NAME OF PARENT CORPORATION TAXPAYER-IDENTIFICATION NUMBER (EIN)
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B 7 (Official Form 7) (04/10) Page 11 of 11[I fcompleted by an individual or individualand spouse]I declare under penalty of perjury that I have read the answers contained in the foregoing statement of financial affairs and any attachmentsthereto and that they are true and correct.Date_____ _______ _ Signature___ ____________ ____
of Debtor
____________ Signature _ _ _________________of Joint Debtor(i f any)[I fcompleted on behalfo fa partnership or corporation]
I declare under penalty of perjury that I have read the answers contained in the foregoing statethereto and that they are true and correct to the best of my knowledge, information and belief.
d any attachments
Date______1_4_/2_0_1____ Signature___ + ~ T - r r _ + ~ ~ ~ ~ ~ ~ - - - - - -Print ~ ~ ~ ~ ~and Tit
[An individual signing on behalf of a partnership or corporation must indicate position or relationship to debtor.)3.1.. continuation sheets attached
Penalty for making afalse statement: Fine ofup to $500,000 or imprisonmentfor up to 5 years, or both. 18 Us.c. Sections 152 and 3571.
DECLARATION AND SIGNATURE OF NON-ATTORNEY BANKRUPTCY PETITION PREPARER (See 11 U.S.c. 110)I declare under penalty of perjury that: (1) I am a bankruptcy petition preparer as defined in 11 U.S.C. 110; (2) I prepared this document forcompensation and have provided the debtor with a copy of this document and the notices and information required under 11 U.S.C. 110(b),110(h), and 342(b); and, (3) if rules or guidelines have been promulgated pursuant to II U.S.C. 110(h) setting a maximum fee for serviceschargeable by bankruptcy petition preparers, I have given the debtor notice of he maximum amount before preparing any document for filingfor a debtor or accepting any fee from the debtor, as required by that section .
Printed or Typed Name and Title, ifany, of Bankruptcy Petition Preparer Social-Security No. (Required by 11 U.S.C. 110.)I f he bankruptcy petition preparer is not an individual, state the name, title (i fany), address, and social-security number of he officer,principal, responsible person, or partner who signs this document.
Address
Signature of Bankruptcy Petition Preparer DateNames and Social-Security numbers of all other individuals who prepared or assisted in preparing this document unless the bankruptcypetition pre parer is not an individual:Ifmore than one person prepared this document, attach additional signed sheets conforming to the appropriate Official Form for each person
A bankruptcy petition preparer's failu re to comply with the provisions oftille 11 and the Federal Rules o fBankruptcy Procedure mayresult ;n fines or imprisonment or both. 18 U.S. C. 156.
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Excel Maritime Carriers Ltd.In re ___________________________________________ , Case No. ______________________________Debtor (if known)
STATEMENT OF FINANCIAL AFFAIRS - EXHIBIT 3B
PAYMENTS TO CREDITORS
13-23060 (RDD)
NAME AND ADDRESS OF CREDITOR
DATES OF
PAYMENTS/
TRANSFERS
AMOUNT PAID
OR VALUE OF
TRANSFERS
(Continuation Sheet)
DESCRIPTION
Akin Gump Strauss
One Bryant Park
New York, NY 10036 USA
4/30/2013 $200,000
6/21/2013 $127,637
$327,637Akin Gump Strauss
Allied Shipbroking Inc
48 Aigialeias 4th Floor Maroussi
Athens, 15125 Greece
4/30/2013 $17,550
$17,550Allied Shipbroking Inc
Allrisk Insurance Brokers
18, Ploutarchou Str
Athens, 10676 Greece
6/7/2013 $378,748
$378,748Allrisk Insurance Brokers
Amberose Holdings Inc
2 Alkiviadou Str.
Chalandri
5/8/2013 $18,766Athens, 15231 Greece
$18,766Amberose Holdings Inc
Apostolos Kontoyannis
10, Skouze Street
Piraeus, 185 36 Greece
6/24/2013 $3,650
6/27/2013 $1,277
6/30/2013 $18,750
$23,677Apostolos Kontoyannis
Bracewell & Giuliani LLPP.O. Box 848566
Dallas, TX 75284 USA
5/23/2013 $200,000
6/28/2013 $250,000
$450,000Bracewell & Giuliani LLP
$1,216,377Sheet no. 1 of 9 continuation sheets Subtotal >
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NAME AND ADDRESS OF CREDITOR
DATES OF
PAYMENTS/
TRANSFERS
AMOUNT PAID
OR VALUE OF
TRANSFERS
STATEMENT OF FINANCIAL AFFAIRS - EXHIBIT 3B
PAYMENTS TO CREDITORS(Continuation Sheet)
Excel Maritime Carriers Ltd.In re ___________________________________________ , Case No. ______________________________Debtor (if known)
13-23060 (RDD)
DESCRIPTION
Capital Link, Inc (Bornozis)
230 Park Avenue
Suite 1536
4/23/2013 $1,958New York, NY 10169 USA
6/10/2013 $29,805
$31,763Capital Link, Inc (Bornozis)
Caramanos-National Insurance Brokers
65, Akti Miaouli Str
Piraeus, 18536 Greece
5/22/2013 $27,681
$27,681Caramanos-National Insurance Brokers
Carreira Pitti P.C. Abogados
55th Streetel Cangrejo 225 Carpit Bldg
P.O. Box 0819-00068
4/3/2013 $10,000Panama City, Panama
$10,000Carreira Pitti P.C. Abogados
Chimbusco Europe B.V.(Sino Union Bv)
Weena 280 P.O. Box 29032Weena 200 Buliding 8Th Floor
4/29/2013 $288,960Rotterdam, 3012NJ Netherlands
6/21/2013 $123,840
$412,800Chimbusco Europe B.V.(Sino Union Bv)
Consolidated Services Limited/Trevor Wil
Parlaville Place
14 Par-La-Ville Road
4/25/2013 $3,333Hamilton, HMJX Bermuda
5/28/2013 $3,333
6/10/2013 $3,333$10,000Consolidated Services Limited/Trevor Wil
Credit Suisse AG
St.Alban-Graben 1-8
Basel, CH 4002 Switzerland
5/28/2013 $149,297
5/31/2013 $120,240
6/28/2013 $220,392
$489,929Credit Suisse AG
$982,173Sheet no. 2 of 9 continuation sheets Subtotal >
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NAME AND ADDRESS OF CREDITOR
DATES OF
PAYMENTS/
TRANSFERS
AMOUNT PAID
OR VALUE OF
TRANSFERS
STATEMENT OF FINANCIAL AFFAIRS - EXHIBIT 3B
PAYMENTS TO CREDITORS(Continuation Sheet)
Excel Maritime Carriers Ltd.In re ___________________________________________ , Case No. ______________________________Debtor (if known)
13-23060 (RDD)
DESCRIPTION
Dean Services Limited
1, Kostaki Pantelidi Av.
Kolokasides Building 3rd Floor
4/3/2013 $62,386Nicosia, P.C.1010 Cyprus Paid by Maryville Maritime Inc.
5/2/2013 $62,386Paid by Maryville Maritime Inc.
6/2/2013 $124,771Paid by Maryville Maritime Inc.
$249,542Dean Services Limited
Del Rosario And Del Rosario Law Office
P.O Box 2106 MCPO 1261
Makati City, MCPO1261 Philippines
6/10/2013 $10,795
$10,795Del Rosario And Del Rosario Law Office
Deloitte & Touche Sa
150 Midsummer Boulevard
Milton Keynes Buckinghamshire
4/17/2013 $41,950London, MK91FD UK
$41,950Deloitte & Touche Sa
Deutsche Bank - Steering Committee1 Great Winchester Street
London, EC2N 2DB UK
4/4/2013 $783,273
4/22/2013 $597,648
5/30/2013 $1,010,690
7/1/2013 $851,013
$3,242,624Deutsche Bank - Steering Committee
Donlin Recano & Company, Inc.
419 Park Ave. South
New York, NY 10016 USA5/31/2013 $20,000
6/28/2013 $96,118
$116,118Donlin Recano & Company, Inc.
$3,661,030Sheet no. 3 of 9 continuation sheets Subtotal >
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NAME AND ADDRESS OF CREDITOR
DATES OF
PAYMENTS/
TRANSFERS
AMOUNT PAID
OR VALUE OF
TRANSFERS
STATEMENT OF FINANCIAL AFFAIRS - EXHIBIT 3B
PAYMENTS TO CREDITORS(Continuation Sheet)
Excel Maritime Carriers Ltd.In re ___________________________________________ , Case No. ______________________________Debtor (if known)
13-23060 (RDD)
DESCRIPTION
Dvb Bank Ag
Parklaan 2
P.O. Box 307
5/21/2013 $250Rotterdam, 3016BB Netherlands
6/3/2013 $8,489
$8,739Dvb Bank Ag
Ernst & Young
11 Klm Athinon-Lamias Avenue
Metamorfosis, 14451 Greece
4/19/2013 $104,415
$104,415Ernst & Young
Evangelia Pigkou
17km National Road Athens-Lamia & Foinikos str.
Nea Kifisia
6/30/2013 $21,917Athens, 145 64 Greece Paid by Maryville Maritime Inc.
$21,917Evangelia Pigkou
Evangelos Macris
143-145 Notara StreetPiraeus, 185 36 Greece
6/30/2013 $18,750
$18,750Evangelos Macris
Frithjof Platou
LG, 27 Gloucester Place
London, W1U 8HU UK
6/30/2013 $18,750
$18,750Frithjof Platou
Gabriel Panayotides
17km National Road Athens-Lamia & Foinikos str.
Nea Kifisia
5/29/2013 $1,423Athens, 145 64 Greece
6/15/2013 $5,336
6/17/2013 $2,918
6/30/2013 $682,873
$692,550Gabriel Panayotides
$865,121Sheet no. 4 of 9 continuation sheets Subtotal >
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4/3/2013 - 7/1/2013
4/3/2013 - 7/1/2013
4/3/2013 - 7/1/2013
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NAME AND ADDRESS OF CREDITOR
DATES OF
PAYMENTS/
TRANSFERS
AMOUNT PAID
OR VALUE OF
TRANSFERS
STATEMENT OF FINANCIAL AFFAIRS - EXHIBIT 3B
PAYMENTS TO CREDITORS(Continuation Sheet)
Excel Maritime Carriers Ltd.In re ___________________________________________ , Case No. ______________________________Debtor (if known)
13-23060 (RDD)
DESCRIPTION
Gelasakis Monoprosopi Epe -My Travelnet
Souda Square
Chania, Greece
6/26/2013 $21,987
$21,987Gelasakis Monoprosopi Epe -My Travelnet
George Perivolaris
17km National Road Athens-Lamia & Foinikos str.
Nea Kifisia
7/1/2013 $10,406Athens, 145 64 Greece Paid by Maryville Maritime Inc.
$10,406George Perivolaris
Germanischer Lloyd Ag
P.O. Box 11 16 06
Hamburg, 20416 Germany
5/17/2013 $36,022
$36,022Germanischer Lloyd Ag
Ghs / Global Hunter Securities Llc
400 Poydras Street
Suite 31004/30/2013 $110,000New Orleans, LA 70130 USA
6/21/2013 $110,000
6/28/2013 $27,567
$247,567Ghs / Global Hunter Securities Llc
Global Maritime Partners Inc
89 Nexus Way Camana Bay
Grand Cayman, Kyi9007 Cayman Islands
4/16/2013 $260,000
5/9/2013 $80,000
6/4/2013 $80,0006/5/2013 $63,500
7/1/2013 $80,000
$563,500Global Maritime Partners Inc
Gmsl / Gettry Marcus Stern & Lehrer Cpa
20 Crossways Park North
Woodbury, NY 11797 USA
6/10/2013 $18,000
$18,000Gmsl / Gettry Marcus Stern & Lehrer Cpa
$897,482Sheet no. 5 of 9 continuation sheets Subtotal >
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4/3/2013 - 7/1/2013
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NAME AND ADDRESS OF CREDITOR
DATES OF
PAYMENTS/
TRANSFERS
AMOUNT PAID
OR VALUE OF
TRANSFERS
STATEMENT OF FINANCIAL AFFAIRS - EXHIBIT 3B
PAYMENTS TO CREDITORS(Continuation Sheet)
Excel Maritime Carriers Ltd.In re ___________________________________________ , Case No. ______________________________Debtor (if known)
13-23060 (RDD)
DESCRIPTION
Holman Fenwick & William
Friary Court
65 Crutched Friars
4/16/2013 $31,225London, EC3N2AE UK
5/9/2013 $39,636
$70,861Holman Fenwick & William
Irwin Holdings Co
80 Broad Street
Monrovia, Liberia
6/5/2013 $150,432
$150,432Irwin Holdings Co
Ismini Panayotides
17km National Road Athens-Lamia & Foinikos str.
Nea Kifisia
4/22/2013 $2,264Athens, 145 64 Greece
5/12/2013 $4,934
6/17/2013 $4,240
$11,438Ismini Panayotides
Joele Frank/Wilkinson/Brimmer/Katcher
622 Third Avenue
New York, NY 10017 USA
5/31/2013 $30,000
$30,000Joele Frank/Wilkinson/Brimmer/Katcher
Marsoft
155 Federal Street
Suite 1000
5/16/2013 $37,500Boston, MA 02110 USA
6/10/2013 $37,500$75,000Marsoft
$337,731Sheet no. 6 of 9 continuation sheets Subtotal >
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NAME AND ADDRESS OF CREDITOR
DATES OF
PAYMENTS/
TRANSFERS
AMOUNT PAID
OR VALUE OF
TRANSFERS
STATEMENT OF FINANCIAL AFFAIRS - EXHIBIT 3B
PAYMENTS TO CREDITORS(Continuation Sheet)
Excel Maritime Carriers Ltd.In re ___________________________________________ , Case No. ______________________________Debtor (if known)
13-23060 (RDD)
DESCRIPTION
Miller Buckfire
601 Lexington Avenue
22nd Floor
4/4/2013 $125,000New York, NY 10022 USA
5/10/2013 $125,000
6/10/2013 $120,802
6/28/2013 $125,000
$495,802Miller Buckfire
Nomura Bank
1 St Martin's-Le-Grand
London, EC1A 4NP UK
6/7/2013 $1,311,745
$1,311,745Nomura Bank
Nordea
8th Floor, City Place House
55 Basinghall Street
4/16/2013 $100,000London, EC2V 5NB UK
7/1/2013 $6,286,081
$6,386,081Nordea
Ourania Galanou
17km National Road Athens-Lamia & Foinikos str.
Nea Kifisia
6/30/2013 $22,341Athens, 145 64 Greece Paid by Maryville Maritime Inc.
$22,341Ourania Galanou
Pavlos Kanellopoulos
17km National Road Athens-Lamia & Foinikos str.
Nea Kifisia
6/24/2013 $5,035Athens, 145 64 Greece6/30/2013 $62,428
7/1/2013 $5,710
$73,172Pavlos Kanellopoulos
Protection Vessels Intern/L Ltd
P.O. Box 444 Hatfield
Bedfordshire, AL101EN UK
4/24/2013 $57,777
$57,777Protection Vessels Intern/L Ltd
$8,346,919Sheet no. 7 of 9 continuation sheets Subtotal >
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NAME AND ADDRESS OF CREDITOR
DATES OF
PAYMENTS/
TRANSFERS
AMOUNT PAID
OR VALUE OF
TRANSFERS
STATEMENT OF FINANCIAL AFFAIRS - EXHIBIT 3B
PAYMENTS TO CREDITORS(Continuation Sheet)
Excel Maritime Carriers Ltd.In re ___________________________________________ , Case No. ______________________________Debtor (if known)
13-23060 (RDD)
DESCRIPTION
Seaborn Capital Advisors Ltd
17 Spefsippou Street
Athens, 10675 Greece
5/10/2013 $15,000
6/26/2013 $10,000
$25,000Seaborn Capital Advisors Ltd
Seward & Kissel
One Battery Park Plaza
New York, NY 10004 USA
4/30/2013 $53,857
6/26/2013 $14,860
$68,716Seward & Kissel
Skadden,Arps,Slate,Meagher,Flom Llp
40 Bank Street
Canary Wharf
5/10/2013 $500,000London, E14 5DS UK
6/11/2013 $2,500,000
6/26/2013 $54,585
$3,054,585Skadden,Arps,Slate,Meagher,Flom Llp
Stephenson Harwood
10 Ant. Ampatielou
Piraeus, 18536 Greece
7/1/2013 $12,102
$12,102Stephenson Harwood
Timagenis Law Office
57 Notara
Piraeus, 18535 Greece
6/14/2013 $419,3286/27/2013 $273,965
$693,293Timagenis Law Office
Trevor Williams
3rd Fl., Par La Ville Place
14 Par La Ville Road P.O Box 2257
6/30/2013 $10,000Hamilton, HM HX Bermuda
$10,000Trevor Williams
$3,863,697Sheet no. 8 of 9 continuation sheets Subtotal >
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NAME AND ADDRESS OF CREDITOR
DATES OF
PAYMENTS/
TRANSFERS
AMOUNT PAID
OR VALUE OF
TRANSFERS
STATEMENT OF FINANCIAL AFFAIRS - EXHIBIT 3B
PAYMENTS TO CREDITORS(Continuation Sheet)
Excel Maritime Carriers Ltd.In re ___________________________________________ , Case No. ______________________________Debtor (if known)
13-23060 (RDD)
DESCRIPTION
Unity Marine-Evmar Marine Services
Akti Miaouli & 2 Ii Merarchias Str
Ionion Building
5/21/2013 $30,000Piraeus, 18535 Greece
$30,000Unity Marine-Evmar Marine Services
White & Case Llp
1155 Avenue of the Americas
New York, NY 10036 USA
6/13/2013 $296,678
$296,678White & Case Llp
Wilmington Trust (London) Limited
1 KingS Arms Yard
3rd Floor
6/28/2013 $120,000London, EC2R 7AF UK
$120,000Wilmington Trust (London) Limited
$20,617,209TOTALSheet no. 9 of 9 continuation sheets
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NAME AND ADDRESS OF CREDITOR
DATES OF
PAYMENTS/
TRANSFERS
AMOUNT PAID
OR VALUE OF
TRANSFERSDESCRIPTION
STATEMENT OF FINANCIAL AFFAIRS - EXHIBIT 3C
PAYMENTS TO CREDITORS WHO WERE INSIDERS
Excel Maritime Carriers Ltd.In re ___________________________________________ , Case No. ______________________________Debtor (if known)
13-23060 (RDD)
(Continuation Sheet)
Apostolos Kontoyannis
10, Skouze Street
Piraeus, 185 36 Greece
11/5/2012 $3,116Expense Reimbursement
12/10/2012 $1,479Expense Reimbursement
2/13/2013 $3,066Expense Reimbursement
2/15/2013 $1,804Expense Reimbursement
2/23/2013 $834Expense Reimbursement
6/24/2013 $3,650Expense Reimbursement6/27/2013 $1,277Expense Reimbursement
6/30/2013 $75,000Board Member Fees
$90,226Apostolos Kontoyannis
Dean Services Limited
1, Kostaki Pantelidi Av.
Kolokasides Building 3rd Floor
8/2/2012 $60,923Nicosia, P.C.1010 Cyprus Rental Fees - Paid by MaryvilleMaritime Inc.
10/2/2012 $121,847Rental Fees - Paid by MaryvilleMaritime Inc.
11/2/2012 $62,386Rental Fees - Paid by MaryvilleMaritime Inc.
12/2/2012 $62,386Rental Fees - Paid by MaryvilleMaritime Inc.
1/2/2013 $62,386Rental Fees - Paid by MaryvilleMaritime Inc.
2/2/2013 $186,426Rental Fees - Paid by MaryvilleMaritime Inc.
4/3/2013 $62,386Rental Fees - Paid by Maryville
Maritime Inc.
5/2/2013 $62,386Rental Fees - Paid by Maryville
Maritime Inc.
6/2/2013 $124,771Rental Fees - Paid by MaryvilleMaritime Inc.
$805,895Dean Services Limited
Evangelia Pigkou
17km National Road Athens-Lamia & Foinikos str.
Nea Kifisia, Athens 145 64 Greece
6/30/2013 $78,461Wages - Paid by Maryville MaritimeInc.
$78,461Evangelia Pigkou
Sheet no. 1 of 4 continuation sheets
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NAME AND ADDRESS OF CREDITOR
DATES OF
PAYMENTS/
TRANSFERS
AMOUNT PAID
OR VALUE OF
TRANSFERSDESCRIPTION
STATEMENT OF FINANCIAL AFFAIRS - EXHIBIT 3C
PAYMENTS TO CREDITORS WHO WERE INSIDERS
Excel Maritime Carriers Ltd.In re ___________________________________________ , Case No. ______________________________Debtor (if known)
13-23060 (RDD)
(Continuation Sheet)
Evangelos Macris
143-145 Notara Street
Piraeus, 185 36 Greece
6/30/2013 $75,000Board Member Fees
$75,000Evangelos Macris
Frithjof Platou
LG, 27 Gloucester Place
London, W1U 8HU UK
10/3/2012 $102Expense Reimbursement
6/30/2013 $75,000Board Member Fees
$75,102Frithjof Platou
Gabriel Panayotides
17km National Road Athens-Lamia & Foinikos str.
Nea Kifisia, Athens 145 64 Greece
10/8/2012 $1,709Expense Reimbursement
12/3/2012 $18,154Expense Reimbursement
12/6/2012 $1,290Expense Reimbursement
12/10/2012 $1,479Expense Reimbursement
12/17/2012 $1,286Expense Reimbursement
2/15/2013 $2,761Expense Reimbursement
5/29/2013 $1,423Expense Reimbursement
6/15/2013 $5,336Expense Reimbursement
6/17/2013 $2,918Expense Reimbursement
6/30/2013 $3,365,746Wages
$3,402,101Gabriel Panayotides
George Perivolaris
17km National Road Athens-Lamia & Foinikos str.
Nea Kifisia6/30/2013 $10,406Athens, 145 64 Greece Wages - Paid by Maryville Maritime
Inc.
$10,406George Perivolaris
Hans Mende
Level 20, AMP Place 10, Eagle str.
GPO Box 732
6/30/2013 $6,667Brisbane, Queensland 4002 Australia Board Member Fees
$6,667Hans Mende
Sheet no. 2 of 4 continuation sheets
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6/30/2012 - 7/1/2013
6/30/2012 - 7/1/2013
6/30/2012 - 7/1/2013
6/30/2012 - 7/1/2013
6/30/2012 - 7/1/2013
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NAME AND ADDRESS OF CREDITOR
DATES OF
PAYMENTS/
TRANSFERS
AMOUNT PAID
OR VALUE OF
TRANSFERSDESCRIPTION
STATEMENT OF FINANCIAL AFFAIRS - EXHIBIT 3C
PAYMENTS TO CREDITORS WHO WERE INSIDERS
Excel Maritime Carriers Ltd.In re ___________________________________________ , Case No. ______________________________Debtor (if known)
13-23060 (RDD)
(Continuation Sheet)
Ismini Panayotides
17km National Road Athens-Lamia & Foinikos str.
Nea Kifisia, Athens 145 64 Greece
7/3/2012 $1,664Expense Reimbursement
10/11/2012 $1,663Expense Reimbursement
10/24/2012 $1,207Expense Reimbursement
2/2/2013 $964Expense Reimbursement
2/28/2013 $2,339Expense Reimbursement
3/20/2013 $7,432Expense Reimbursement4/22/2013 $2,264Expense Reimbursement
5/12/2013 $4,934Expense Reimbursement
6/17/2013 $4,240Expense Reimbursement
6/30/2013 $78,043Wages
$104,751Ismini Panayotides
Ourania Galanou
17km National Road Athens-Lamia & Foinikos str.
Nea Kifisia, Athens 145 64 Greece
6/30/2013 $79,982Wages - Paid by Maryville Maritime
Inc.$79,982Ourania Galanou
Pavlos Kanellopoulos
17km National Road Athens-Lamia & Foinikos str.
Nea Kifisia, Athens 145 64 Greece
8/28/2012 $2,898Expense Reimbursement
9/3/2012 $4,318Expense Reimbursement
9/11/2012 $4,365Expense Reimbursement
10/11/2012 $1,943Expense Reimbursement
10/24/2012 $1,284Expense Reimbursement
12/3/2012 $4,399Expense Reimbursement2/13/2013 $4,556Expense Reimbursement
2/21/2013 $2,273Expense Reimbursement
6/24/2013 $5,035Expense Reimbursement
6/30/2013 $239,648Wages
7/1/2013 $5,710Expense Reimbursement
$276,429Pavlos Kanellopoulos
Sheet no. 3 of 4 continuation sheets
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6/30/2012 - 7/1/2013
6/30/2012 - 7/1/2013
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NAME AND ADDRESS OF CREDITOR
DATES OF
PAYMENTS/
TRANSFERS
AMOUNT PAID
OR VALUE OF
TRANSFERSDESCRIPTION
STATEMENT OF FINANCIAL AFFAIRS - EXHIBIT 3C
PAYMENTS TO CREDITORS WHO WERE INSIDERS
Excel Maritime Carriers Ltd.In re ___________________________________________ , Case No. ______________________________Debtor (if known)
13-23060 (RDD)
(Continuation Sheet)
Trevor Williams
3rd Fl., Par La Ville Place
14 Par La Ville Road P.O Box 2257
6/1/2012 $422Hamilton, HM HX Bermuda Expense Reimbursement
6/30/2013 $40,000Board Member Fees
$40,422Trevor Williams
Sheet no. 4 of 4 continuation sheets Total: $5,045,441
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STATEMENT OF FINANCIAL AFFAIRS - EXHIBIT 4A
ALL LITIGATIONS: 1 YEAR
NATURE OF
PROCEEDING
STATUS OR
DISPOSITION
COURT OR AGENCY
AND LOCATION
CAPTION OF SUIT
AND CASE NUMBER
(Continuation Sheet)
Excel Maritime Carriers Ltd.In re ___________________________________________ , Case No. ______________________________Debtor (if known)
13-23060 (RDD)
Case Number: 555919019
Piraeus Court of First
Instance
Dimos Iliopoulos vs. Excel
Maritime Carriers Ltd.,
Maryville Maritime Inc. and
Gabriel Panayotides
Employee Claim Open
EXP. No. 09999-2008-25
Callao, PeruSan Fernando S.A. vs. Castalia
Services Ltd. / Excel Maritime
Carriers Ltd.
Cargo Claim Open
Sheet no. 1 of 1 continuation sheets
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STATEMENT OF FINANCIAL AFFAIRS - EXHIBIT 4B
GARNISHED PROPERTY: 1 YEAR
DATE OF SEIZURE
DESCRIPTION AND
VALUE OF PROPERTY
NAME AND ADDRESS OF
PERSON FOR WHOSE
BENEFIT PROPERTY WAS
SEIZED
(Continuation Sheet)
Excel Maritime Carriers Ltd.In re ___________________________________________ , Case No. ______________________________Debtor (if known)
13-23060 (RDD)
Rotterdam, 3012NJ Netherlands
Weena 280, Weena 200 Building 8th Floor
Rule B Attachment , approximatevalue $604,000
Chimbusco Europe B.V. vs. Excel Maritime Carrie 3/27/2013
Rotterdam, 3012NJ Netherlands
Sheet no. 1 of 1 continuation sheets
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STATEMENT OF FINANCIAL AFFAIRS - EXHIBIT 5
REPOSSESSIONS, FORECLOSURES AND RETURNS: 1 YEAR
DESCRIPTION AND
VALUE OF PROPERTY
(Continuation Sheet)
Excel Maritime Carriers Ltd.In re ___________________________________________ , Case No. ______________________________Debtor (if known)
13-23060 (RDD)
DATE OF REPOSSESSION,
FORECLOSURE SALE,
TRANSFER OR RETURN
NAME AND ADDRESS OF
CREDITOR OR SELLER
Coolsingel 93
Transfer of 100% of the membershipinterests of Excel Maritime Carriers Ltd.
in Hope Shipco LLC to Hope ShipcoHolding B.V. as the nominee of ABN
Amro Bank N.V. Upon this transfer, theDebtors received a release from liabilities
totaling approximately $60.8 million.The Debtors received an independent
estimate of the value of the vessel at thedate of this transfer which shows an
approximate value $40,400,000
ABN Amro Bank, N.V. 5/31/2013
Rotterdam, 3012AE Netherlands
Sheet no. 1 of 1 continuation sheets
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PAID BYNAME AND ADDRESS OF PAYEE
STATEMENT OF FINANCIAL AFFAIRS - EXHIBIT 9
PAYMENTS RELATED TO DEBT COUNSELING OR BANKRUPTCY
DATE OF PAYMENT
AMOUNT OF MONEY
OR DESCRIPTION AND
VALUE OF PROPERTY
(Continuation Sheet)
Excel Maritime Carriers Ltd.In re ___________________________________________ , Case No. ______________________________Debtor (if known)
13-23060 (RDD)
Akin Gump Strauss
One Bryant Park
New York, NY 10036 USA
Excel Maritime Carriers Ltd.
4/30/2013 $200,000
6/21/2013 $127,637
$327,637Akin Gump Strauss
Bracewell & Giuliani LLP
P.O. Box 848566Dallas, TX 75284 USA
Excel Maritime Carriers Ltd.
7/31/2012 $150,000
9/12/2012 $180,000
9/21/2012 $200,000
9/28/2012 $80,000
11/20/2012 $75,000
3/14/2013 $75,000
5/23/2013 $200,000
6/28/2013 $250,000
$1,210,000Bracewell & Giuliani LLP
Credit Suisse AG
St.Alban-Graben 1-3
Basel, CH 4002 Switzerland
Excel Maritime Carriers Ltd.
12/17/2012 $240,000
2/19/2013 $248,057
3/7/2013 $48,150
3/15/2013 $111,315
3/27/2013 $87,800
5/28/2013 $149,297
5/31/2013 $120,240
6/28/2013 $145,570
6/28/2013 $74,822
$1,225,251Credit Suisse AG
Sheet no. 1 of 5 continuation sheets
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PAID BYNAME AND ADDRESS OF PAYEE
AMOUNT OF MONEY
OR DESCRIPTION AND
VALUE OF PROPERTY
STATEMENT OF FINANCIAL AFFAIRS - EXHIBIT 9
PAYMENTS RELATED TO DEBT COUNSELING OR BANKRUPTCY
DATE OF PAYMENT
(Continuation Sheet)
Excel Maritime Carriers Ltd.In re ___________________________________________ , Case No. ______________________________Debtor (if known)
13-23060 (RDD)
Deutsche Bank - Steering Committee
1 Great Winchester Street
London, EC2N 2DB UK
Excel Maritime Carriers Ltd.
11/23/2012 $1,686,000
12/18/2012 $1,571,000
2/4/2013 $898,883
2/21/2013 $361,841
4/4/2013 $783,2734/22/2013 $597,648
5/30/2013 $1,010,690
7/1/2013 $851,013
$7,760,348Deutsche Bank - Steering Committee
Donlin Recano & Company, Inc.
419 Park Ave. South
New York, NY 10016 USA
Excel Maritime Carriers Ltd.
5/31/2013 $20,000
6/28/2013 $96,118
$116,118Donlin Recano & Company, Inc.
Global Hunter Securities LLC
400 Poydras Street
Suite 3100
Excel Maritime Carriers Ltd.
4/30/2013 $110,000New Orleans, LA 70130 USA
6/21/2013 $110,000
6/28/2013 $27,567
$247,567Global Hunter Securities LLC
Sheet no. 2 of 5 continuation sheets
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PAID BYNAME AND ADDRESS OF PAYEE
AMOUNT OF MONEY
OR DESCRIPTION AND
VALUE OF PROPERTY
STATEMENT OF FINANCIAL AFFAIRS - EXHIBIT 9
PAYMENTS RELATED TO DEBT COUNSELING OR BANKRUPTCY
DATE OF PAYMENT
(Continuation Sheet)
Excel Maritime Carriers Ltd.In re ___________________________________________ , Case No. ______________________________Debtor (if known)
13-23060 (RDD)
Global Maritime Partners Inc
89 Nexus Way
Camana Bay
Excel Maritime Carriers Ltd.
10/19/2012 $30,000Grand Cayman, KYI9007 Cayman Islands
6/5/2013 $63,500
7/1/2013 $80,000
11/6/2012 $30,000
12/3/2012 $30,00012/28/2012 $30,000
1/31/2013 $30,000
2/28/2013 $30,000
4/16/2013 $260,000
5/9/2013 $80,000
6/4/2013 $80,000
$743,500Global Maritime Partners Inc
Joele Frank, Wilkinson Brimmer
622 Third Avenue
36th Floor
Excel Maritime Carriers Ltd.
5/31/2013 $30,000New York, NY 10017 USA
$30,000Joele Frank, Wilkinson Brimmer
Sheet no. 3 of 5 continuation sheets
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PAID BYNAME AND ADDRESS OF PAYEE
AMOUNT OF MONEY
OR DESCRIPTION AND
VALUE OF PROPERTY
STATEMENT OF FINANCIAL AFFAIRS - EXHIBIT 9
PAYMENTS RELATED TO DEBT COUNSELING OR BANKRUPTCY
DATE OF PAYMENT
(Continuation Sheet)
Excel Maritime Carriers Ltd.In re ___________________________________________ , Case No. ______________________________Debtor (if known)
13-23060 (RDD)
Miller Buckfire
601 Lexington Avenue
22nd Floor
Excel Maritime Carriers Ltd.
9/11/2012 $200,000New York, NY 10022 USA
4/4/2013 $125,000
5/10/2013 $125,000
6/10/2013 $120,802
6/28/2013 $125,0009/24/2012 $125,000
9/28/2012 $80,000
10/22/2012 $125,000
11/28/2012 $125,000
1/7/2013 $125,000
1/25/2013 $125,000
3/6/2013 $125,000
4/2/2013 $78,017
$1,603,819Miller Buckfire
Skadden,Arps,Slate,Meagher,Flom LLP
40 Bank Street
Canary Wharf
Excel Maritime Carriers Ltd.
9/28/2012 $250,000London, E14 5DS UK
11/28/2012 $300,000
12/17/2012 $400,000
4/2/2013 $400,000
5/10/2013 $500,000
6/11/2013 $2,500,000
$4,350,000Skadden,Arps,Slate,Meagher,Flom LLP
Sheet no. 4 of 5 con