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propellers rotating in the actual full- cients) this can happen at any tempera- lowing minimum blade pressure to get prescribed thrust. Minimum blade sur- scale unsteady hull wake. CD-adapco’s ture. When pressure again increases the any less than that of an acceptable base- face pressure is found over one complete

HEEDS optimization package was em- process reverses and vapor condenses, line design. revolution at the thrust balance point, ployed to search through design space, sometimes violently. The more violent and the result returned to HEEDS to pro- and a variety of parameterizations tested condensations can actually erode away a Single Objective Approach vide the cavitation inequality constraint. including radial distributions of pitch, solid metal blade. It is also notable that The method is demonstrated for a twin- The level of improvement possible is chord, rake, and skew. HEED’s SHERPA not all “good” designs are created equal. screw LNG carrier at a single speed and dependent on how a design is parameter- algorithm is employed to ? nd the design Two blades with equal total lift and drag cargo load. The hull is left unchanged, ized and on how many design evalua- with minimal shaft power at a prescribed might exhibit different levels of cavita- and propeller parameterized for varying tions are permitted. In the present exam- thrust. The individual software elements tion depending on the local distributions radial distributions of pitch and chord. ple the radial distributions of pitch and are shown in the schematic of Figure 3. of pressure. Figure 4 shows an example Once the base design is solved, HEEDS’ chord are de? ned by just ? ve parameters

For a real-world design, the story is of cavitation and cavitation damage. SHERPA algorithm uses a combina- and SHERPA is allowed just 150 design more complicated because of the phe- ABS design optimizations avoid this tion of population-based and gradient- evaluations. The baseline propeller was nomenon of cavitation. If pressure falls problem by checking minimum blade based optimization methods to explore taken from a high-end designer who had below the thermodynamic boiling point, surface pressure for every design and the whole design space. Each design is already optimized the unit using existing water evaporates to vapor. With low passing the results back to HEEDS for tested at multiple shaft speeds, and the analysis technology. Results are sum- enough pressure (such as might be found providing an inequality constraint. Ex- objective function (shaft horsepower) is marized in the HEEDS output shown in on a propeller blade at high lift coef? - cessive cavitation is avoided by not al- chosen for the speed which delivers the Figure 5.

UNITED STATES BANKRUPTCY COURT • SOUTHERN DISTRICT OF NEW YORK

In re OIC RUN-OFF LIMITED and THE LONDON AND

In a Case Under Chapter 15 of the Bankruptcy Code

OVERSEAS INSURANCE COMPANY LIMITED

Vibration, Noise & Alignment Specialists

Case No. 15-13054 (SCC)

Debtors in Foreign Proceedings.

x : : : : x

NOTICE OF FILING AND HEARING ON PETITIONS SEEKING RECOGNITION OF FOREIGN MAIN

PROCEEDINGS PURSUANT TO CHAPTER 15 OF THE UNITED STATES BANKRUPTCY CODE

PLEASE TAKE NOTICE that on November 16, 2015, Dan Yoram Schwarzmann and Paul Anthony Brereton Evans (the “Petitioners”), the duly authorized foreign representatives of the above-captioned debtors (together, the “Companies”) commenced cases (the “Chapter 15 Cases”) by filing petitions (the “Petitions”), pursuant to Chapter 15 of title 11 of the

United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”).

PLEASE TAKE FURTHER NOTICE that by an Order dated November 19, 2015, the Chapter 15 Cases are being jointly administered for procedural purposes only and all pleadings filed in the Chapter 15 cases should bear the above-referenced caption.

PLEASE TAKE FURTHER NOTICE that the Petitioners are requesting recognition of foreign main proceedings, as well as a permanent injunction and related relief.

PLEASE TAKE FURTHER NOTICE that the Petitioners seek, among other things, entry of an order giving full force and effect in the United States to a crystallization scheme of arrangement (the “Amending Scheme”) proposed by the Companies and sanctioned pursuant to Part 26 of the Companies Act 2006 of the United Kingdom, by the High Court of Justice of

England and Wales, a permanent injunction and related relief.

PLEASE TAKE FURTHER NOTICE that in addition to the Petitions, the Petitioners filed, among other things: (i) the list required to be filed with each of the Scheme Companies’ Petition pursuant to Rule 1007(a)(4) of the Federal Rules of

Bankruptcy Procedure (the “Bankruptcy Rules”); (ii) the Statement of Foreign Representative required to be filed with each of the Scheme Companies’ Petition pursuant to section 1515 of the Bankruptcy Code; (iii) the Verified Petition under Chapter 15 of the Bankruptcy Code for Recognition of Foreign Proceedings, a Permanent Injunction and Related Relief; (iv) the

Memorandum of Law in Support of Verified Petition under Chapter 15 of the Bankruptcy Code for Recognition of Foreign

Main Proceedings, a Permanent Injunction and Related Relief; and (v) the Declaration of Joseph Bahlsen Bannister, English

Counsel (collectively, the “Supporting Documents”).

PLEASE TAKE FURTHER NOTICE that pursuant to the Order Limiting Notice, Scheduling Hearing and Specifying the

Form and Manner of Service of Notice, dated November 19, 2015, the Bankruptcy Court has scheduled a hearing (the “Recognition Hearing”) for January 11, 2016 at 10:00 a.m. (EST) before the Honorable Shelley C. Chapman in Courtroom 623 of the Bankruptcy Court, One Bowling Green, New York, New York 10004-1408 to consider the Petitions and any responses or objections thereto.

PLEASE TAKE FURTHER NOTICE that any party in interest wishing to submit an answer, objection or response, if any, to the Petitions must do so pursuant to the Bankruptcy Code and the Local and Bankruptcy Rules, including, without limitation,

Bankruptcy Rule 1011, in writing describing the basis therefore and filed with the Court electronically in accordance with

General Order M-399 by registered users of the Court’s electronic case filing system, and by all other parties in interest, on a

Marine Engineering

CD-ROM, preferably in Portable Document Format (PDF), Word Perfect or any other Windows-based word processing format, with a hard copy to the Chambers of the Honorable Shelley C. Chapman, United States Bankruptcy Judge, and & Rotating Machinery Services served upon Chadbourne & Parke LLP, 1301 Avenue of the Americas, New York, New York 10019 (Attention: Francisco

Vazquez) as counsel for the Petitioners so as to be received on or before 4:00 p.m. (EST) on January 4, 2016.

PLEASE TAKE FURTHER NOTICE that all parties-in-interest opposed to the Petitions or the Petitioners’ request for relief must appear at the Hearing at the time and place set forth above.

PLEASE TAKE FURTHER NOTICE that if no response or objection is timely filed and served as provided above, the

Bankruptcy Court may grant the recognition and relief requested by the Petitioners without further notice or hearing.

PLEASE TAKE FURTHER NOTICE that certain policyholders of the Companies may have a policy written through a broker facility (which includes brokers covers, broker lineslips and binding authorities) and may not know the identity of the insurance company. A full list of known broker facilities is available on the Petitioners’ website (www.oicrun-offltd.com).

These include, among others, the following: A.B.C. Excess (Aircraft Builders Council); A.B.C. Master Agreement (Aircraft

Builders Council); A.I.A.A. Aviation Excess of Loss Reinsurance Agreement (American International Aviation Agency Inc);

Alexander Howden Reinsurance Brokers Limited Marine Excess of Loss Pool; C.T. Bowring & Co Aviation Liability Line Slip (B500 Contract); C.T. Bowring General Non Marine Master Cover; C.T. Bowring Marine Master Cover; Hull & Co (UK) Ltd

Line Slip HC.013; London Special Risks Liability Line Slip No. LSR056; Price Forbes Brokers Cover; Price Forbes Line Slip;

Sedgwick Collins Lloyds Brokers Line Slip; Sedgwick Offshore Resources Master Drilling Rig Line Slip (M.D.R.C); Steel

Burrill Jones Oil & Gas Line Slip; Willis Faber & Dumas Brokers Line Slip.

PLEASE TAKE FURTHER NOTICE that at the hearing, the Court may order the scheduling of a case management conference to consider the efficient administration of the case.

PLEASE TAKE FURTHER NOTICE that the Recognition Hearing may be adjourned from time to time without further notice other than an announcement in open court at the Recognition Hearing of the adjourned date or dates or any further adjourned hearing.

PLEASE TAKE FURTHER NOTICE that the details regarding the filing and processing of claims are set forth in the

Amending Scheme, and no claims should be filed in these Chapter 15 Cases.

PLEASE TAKE FURTHER NOTICE that copies of the Petitions, the Supporting Documents, and the Amending Scheme

Documents are available (1) on the Bankruptcy Court’s Electronic Case Filing System, which can be accessed from the

Bankruptcy Court’s website at https://ecf.nysb.uscourts.gov/ (a PACER login and password are required to retrieve a document), (2) on the Petitioners’ website, www.oicrun-offltd.com, or (3) upon written request to the Petitioners’ counsel addressed to: Chadbourne & Parke LLP, 1301 Avenue of the Americas, New York, New York 10019, Telephone (212) 408- 866 377 0770 | +1 954 764 2678 5215, Facsimile (212) 541-5369, Attention: Francisco Vazquez, [email protected].

Counsel for the Petitioners •

CHADBOURNE & PARKE LLP • 1301 Avenue of the Americas

New York, New York 10019 • (212) 408-5100 • Attn: Howard Seife, Esq. and Francisco Vazquez, Esq.

www.marinelink.com 25

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