l.':'\lTED STATES BA:'\KRJPTCY CO!

RT
FOR THE DISTRICT OF DELJ.\\AHE
Case \;o,
1:'\ITL\ L \10'\THl Y OPER.\T!\G REPORI
lf2-:\fonth Cash Flow Projection (FormlR-l)
Certificates of Insurance:
\\'orkers Compensation
Propert;
General Liahilit;-
V.:hide
Other: Directors & O!liccrs
1 areas of self-insurance w!liabili:y cao>
cbtor in Possession Bani\ Accounts
Tax Fscro\' Account
General Operating Account
I Mone; \1arket Account nursut:m to Local Ruk -tOO l-3 i(x the
DeJa" arc only. Refer to:
Other:
ll(Jeument
Attadlllu
!2-10968 fRLS)
order fnr
Retainers Paid (Form IR-2) _________________ -ii- v--------+--------1
r declare und,;r pl.!nalt) o(per_im: {28 L .S.C. Section !>'!-161 that this report and the docum;;nt:-:
true anJ correct to the be-st of rny hnovdcdge and belle(
Signature of Debtor Date
Signature ofJoint
Dare
Printed of Authorized lndiYiuual
In re FastShip, Inc. eta/
Debtors
Case No. 12-10968 (BLS)
CASH FLOW PROJECTIONS FOR THE 12 MONTH PERl March 20.2012 through February 28,2013
This schedule must be filet! with the Com1 and a copy submitted to the United States Trustee within 15 days after the order for relief. Amended cash flow projections should be submitted as necessary.
Cash Beginning of Month
RECEIPTS
CASH SALES
ACCOUNTS RECEIVABLE (3)
l.OANS AND ADVANCES
SALE OF ASSETS
OTHER (ATTACH LIST)
TOTAL RECEIPTS
DISIIURSEMENTS
NET PAYROLL
PAYROLL TAXES
SALES, USE, AND OTHER TAXES
INVENTORY PURCHASI!S
SECURED/ RENTAL/ LEASES
INSURANCE
ADMINISTRATIVE & SELLING (3)
OTHER (ATTACH LIST) controller&
support
PROFESSIONAL FEES
TRUSTEE FEES
COURT COSTS
TOTAL DISII\IRSEMENTS
Nt:T CASH FLOW
(RECEWES LESS DiSBURSEMENTS)
Cash End of Month
Notes:
I
Month Month
March (20th
31st) April
3,2831 150,8141
0 0
0 11,416
150,000 125,000
0 0
0 1,269
__ 1(),()()0 137,685
1,006 22,384
0 2,767
0 0
0 0
1,448 1,964
0 32,213
15 4,972
0 4,500
0 0
0 975
0 0
2,469 69,775
147,531 67,910
150,814 218,724
Month Month Month
May June July
218,7241 97,7331 137,0751
0 0 0
0 0 0
0 125,000 0
0 0 0
1,991 2,051 2,051
1,991 127,051 2,051
22,384 11,192 11,192
2,767 1,383 1,383
0 0 0
0 0 0
1,652 1,455 1,455
1,439 1,439 1,439
1,240 1,240 1,300
3,500 1,000 1,000
90,000 70,000 21,667
0 0 2,600
0 0 0
122,982 87,709 42,036
120,991 39,342 -39,985
97,733 137,075 97,090
Month Month Month Month Month Month Month
August September October November December January February
97,0901 59,4481 37,7821 36,1571 36,1571 36,1571 36,157J
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
2,051 0 0 0 0 0 0
2,051 0 0 0 0 0 0
-- -- --------
11,192 0 0 0 0 0 0
1,383 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
1,652 0 0 0 0 0 0
1,439 0 0 0 0 0 0
1,360 0 0 0 0 0 0
1,000 0 0 0 0 0 0
21,667 21,666 0 0 0 0 0
0 0 1,625 0 0 0 0
0 0 0 0 0 0 0
39,693 21,666 1,625 0 0 0 0
-37,642 -21,666 -1,625 0 0 0 0
59,448 37,782 36,157 36,157 36,157 36,157 36,157
1 All post-petition disbursements, other than a $15 administrative bank fee, were checks that were written before filing, but cleared the old PNC account after the filing date.
The circumstances of these disbursements were discussed with the US Trustee and staff on March 30, 2012.
2 Assumes bankruptcy plan is confirmed by the end of August
3 From the $11,416 April account receivable, an amount of $3,258 will be paid directly to Cold Brook Ventures, LLC as it is the debtor's view this is not the property of the estate.
Total
0
11,416
400,000
0
9,413
420,829
79,350
9,683
0
0
9,626
37,969
10,127
11,000
225,000
5,200
0
387,955
32,874
36,157
FORMIR-1
(4107)
ACORD
CERTIFICATE OF LIABILITY INSURANCE
I
DATE (MMIDDIYYYY)
03/30/2012
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS
CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES
BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED
REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.
IMPORTANT: If the certificate holder Is an ADDITIONAL INSURED, the policy{les) must be endorsed. If SUBROGATION IS WAlVEO, subject to the
terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the
certificate holder in lieu of such endorsement{s).
PRODUCER

a:l=

Wenhold Ins Agency, LLC
411 HARLEYSVILLE PIKE INSURER(S) AFFORDING COVERAGE NAIC #
SOUDERTON PA 18964.2142 INSURER A: NATIONWIDE MUTUAL INSURANCE COMPANY 23787
INSURED
INSURERB:
FAST SHIP INC INSURERC:
Debtor in Possession, CH 11 Case #12-10968 INSURERD:
1608 WALNUT ST STE 501 INSURERE:
PHILADELPHIA PA 19103-5446
INSURERF:
COVERAGES CERTIFICATE NUMBER REVISION NUMBER:
THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD
INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS
CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO All THE TERMS.
EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.

TYPE OF INSURANCE LTR INSR IWVD POUCY NUMBER
. t:Ft
EXP
UMITS
GENERAL UASIUTY EACH OCCURRENCE s 2,000,000
1-----
PMERCIAL GENERAL LIABILITY
[]
n
$ 300,000

CLAIMS-MADE [8] OCCUR MED EXP (Any one petSon) $ 5,000
-
A ACP BPOM 5433187757 04/11/2011 04/11/2012 PERSONAL & ADV INJURY $ 2,000,000
-:-:-
Non-owned Auto 2,000,000 GENERAL AGGREGATE $ 4,000,000
nL LIMIT APrxlS PER:
PRODUCTS COMP/OP AGG $ 4,000,000
POLICY 'If&r X LOC
$
AUTOMOBILE UASIUTY
D
[]
tEa acciden'triNUU: UMII
I$
r--
ANY AUTO
BODILY INJURY (Per person) $
r---
ALL OWNED - SCHEDULED
AUTOS AUTOS
BODILY INJURY (Per accidenl) $
r-- -
NON-OWNED
HIRED AUTOS
AUTOS
$
r--- -
$
UMBRELLA UAB
HOCCUR
D 0
EACH OCCURRENCE $
r---
EXCESS LIAS
CLAIMS-MADE AGGREGATE $
OED I I RETENTION$ $
WORKERS COMPENSATION
I I

AND EMPLOYERS' UABIUTY
ANY PROPRIETOR/PARTNER/EXECUTIVE D
0
E.L. EACH ACCIDENT $
OFFICE/MEMBER EXCLUDED? N/A
(Mandatory In NH) E.l. DISEASE EA EMPLOYEE $
w vas. aascrlll<l
1

'""'"'
E.L. DISEASE POLICY LIMIT $
D 0
DESCRIPTION OF OPERATIONS I LOCATIONS I VEHICU!S (Attach ACORD 101, Additional Remarks Schedule,lf more apace ... required)
CERTIFICATE HOLDER
Juiiat Sarkessian
Office of the United States Trustee
J. Caleb Boggs Federal Building
844 King Street, Suite 2207
ACORD 25 (2010/05)
CANCELLATION
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE
THE EXPIRATION DATE THEREOF, NOTICE W1U BE DELIVERED IN
ACCORDANCe WITH THe POLICY PROVISIONS.
Tara Landis
ACORD CORPORATION. All rights reserved.
The ACORD name and logo are registered marks of ACORD
ACORD
CERTIFICATE OF LIABILITY INSURANCE
I
DATE (MM/DD/YYYY)
3/20/2012
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS
CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES
BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED
REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.
IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies} must be endorsed. If SUBROGATION IS WAIVED, subject to
the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the
certificate holder in lieu of such endorsement(s).
PRODUCER
Laura Oas
Construction Risk Solutions, LLC
PHONE I FAX
11311 McCormick Road
fAIC,No):443-798c7290
Suite 450 tificates@thecrsteam.corn
Hunt Valley MD 21031-8622
10 #: 3 1 7 3 2
1----
INSURER(S) AFFORDING COVERAGE NAIC #
INSURED
INSURER A: Liberty Insurance Underwri 19917
FastShip, Inc.
1608 Walnut Street
INSURERS:
Suite 501
INSURER C:
Philadelphia PA 19103
INSURER 0:
INSURER E:
INSURER F:
COVERAGES CERTIFICATE NUMBER1713365503 REVISION NUMBER
THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY
PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO
WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT
TO All THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.
INSR
TYPE OF INSURANCE LIMITS LTR
GENERAL LIABILITY
EJ:=JMERCIAL GENERAL LIABILITY
CLAIMS-MADE D OCCUR
rl
l-J
AGGREnE LIMIT APnS PER:
POLICY LOC
AUTOMOBILE LIABILITY


ANY AUTO
1--
ALL OWNED AUTOS

SCHEDULED AUTOS
HIRED AUTOS
1--
1--
NON-OWNED AUTOS
UMBRELLA LIAS
H OCCUR

I EXCESS LIAB
CL['IMS-MADE

DEDUCTIBLE
. RETENTION $
WORKERS COMPENSATION
AND EMPLOYERS' LIABILITY
YIN
ANY PROPRIETOR/PARTNER/EXECUTIVE D
OFFICER/MEMBER EXCLUDED?
(Mandatory in NH)
If yes, describe under
DESCRIPTION OF OPERATIONS below
A Directors & Officers
l!NSR wvo POLICY NUMBER
NIA
BLSF -917843-002 3/31/2011 3/31/2012
EACH OCCURRENCE $
$
MED EXP (Any one person) $
PERSONAL & ADV INJURY $
GENERAL AGGREGATE $
---
PRODUCTS - COMP/OP AGG $
COMBINED SINGLE LIMIT
(Ea accident)
BODILY INJURY (Per person)
$
$
BODILY INJURY (Per accident) $
PROPERTY DAMAGE
$
(Per accident)
$
EACH OCCURRENCE $
AGGREGATE $
$
$

IOTH-
TvRY LIMIT;, L EB_ ---------------1
E.L EACH ACCIDENT $
E.L. DISEASE - EA EMPLOYEE $
E.L DISEASE- POLICY LIMIT $
Each Occurrence
Aggregate
$1,000,000
$1,000,000
DESCRIPTION OF OPERATIONS I LOCATIONS I VEHICLES (Attach ACORD 101, Additional Remarks Schedule, if more space is required)
CERTIFICATE HOLDER
i
Juliet Sarkessian, Office of the United
States Trustee
Caleb Boggs Federal Building
844 King Street, Suite 2207
\'lilmington l9801
CANCELLATION30 days/10 davs for non-oav"lllent
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED
BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED
IN ACCORDANCE WITH THE POLICY PROVISIONS.
AUTHORIZED REPRESENTATIVE
1988-2009 ACORD CORPORATION. All r1ghts reserved.
ACORD 25 (2009/09) The ACORD name and logo are registered marks of ACORD
001
)ate
=or
"revicus Balance
Deposit
"lew Balance
This Check
Balance Forward
------------------
WELLS
FASTSH!P, INC
DEBTOR IN POSSESSION
CH11CASE:t (BLSi
WALNUT ST STE
PHILADELPHIA ?A
1
$
In re FastShip, Inc. et al
Debtors
Payee
1
Identify all Evergreen Retamers
Case No. 12-10968 (BLS)
Reporting Period: ___ March 20, 2012- March 31 , 2012
SCHEDULE OF RETAINERS PAID TO PROFESSIONALS
(This schedule is to include each Professional paid a retainer
1
)
Check
Date 1 Number Name of Payor Amount
I
None
Amount Applied
to Date Balance