In re:

IN THE UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE
) Chapter II
)
FASTSHIP, INC.. eta/.,
) Case No. 12-10968 (BLS)
) (Jointly Administered)
j Re: Docket No. _!j_..Z_
)
Debtors.
1
ORDER ESTABLISHING BAR DATE FOR FILING PROOFS OF PREPETITION
CLAil\-IS AND APPROVING NOTICE OF BAR DATE
This matter came on for consideration on the Motion2 of FastShip, Inc. ("FSI"),
FastShip Atlantic, Inc. ("FSA") and Thomycroft, Giles & Co., Inc. ("TGC", together with FSI
and FSA, the "Debtors" and each individually, a "Debtor"), debtors and debtors in possession in
the above-captioned chapter II cases, pursuant to Bankruptcy Rule 3003(c)(3) for entry of an
order (I) fixing 5:00p.m. (E.D.T.) on June 1, 2012 as the date and time (the "Bar Date") by
which proofs of claim must be filed by all parties in interest that hold or allege to hold a claim
(as defined in Bankruptcy Code 101(5)) (a "Claim" or "Claims"), against one or more of the
Debtors; and (II) pursuant to Bankruptcy Rules 2002(a)(7), 2002(m), and 9007 approving the
form of notice of the Bar Date (the "Bar Date Notice") and the form of proof of claim (the
"Proof of Claim") to be attached to the Bar Date Notice.
The Court, having reviewed the Motion, the Court having jurisdiction over this
matter pursuant to 28 U.S.C. !57 and 1334, and this being a core proceeding pursuant to 28
U.S.C. 157(b)(2); it further appearing to the Court that (a) notice of the Motion was adequate
The Debtors, along with the last four digits of each Debtor's tax identification number, are as follows:
FastS hip, Inc. (8309) (Case No. 12-10968 (BLS)), FastShip Atlantic, Inc. (0980) (Case No. 12-l 0970 (BLS))
and Thornycroft, Giles & Co., Inc. ( 1142) (Case No. 12-10971 (BLS)). The mailing address for the Debtors is
1608 Walnut Street, Suite 501, Philadelphia, PA 19103 .
Capitalized terms not detined have the meanings given to them in the Motion.



and appropriate under the circumstances and that (b) the legal and factual bases set forth in the
Motion establish just cause for the relief granted herein;
IT IS HEREBY ORDERED that:
I. The Motion is granted, as set forth herein.
2. The form of Bar Date Notice attached hereto as Exhibit A and the manner and
procedures for serving the Bar Date Notice as proposed in the Motion. as modified herein, are
appruvt:d.
3. In accordance with Bankruptcy Rule 3003(c)(3), the Bar Date and time for filing
of Proofs of Claim against the Debtors is established as 5:00p.m. (E.D.T.) on June 1, 2012
(the "General Bar Date"), except for proofs of claim of governmental units, for which the
applicable Bar Date is established as 5:00p.m. (E.D.T.) on September 17, 2012 (the
"Governmental Bar Date"). The Governmental Bar Date shall apply only to governmental
units. The General Bar Date applies to all holders of claims that are not governmental
units.
4. All persons and entities (collectively, "Creditors"), including, without limitation,
individuals, former and present employees, partnerships, corporations, estates, trusts, and
governmental units, who have, may have, or may assert any Claims ("Prepetition Claims" and
each individually a "Prepetition Claim") against the Debtors arising prior to March 20, 2012 (the
''Petition Date''), including, without limitation, any Prepetition Claims arising from the exercise
of any statutory or common-law right of reclamation, any Prepetition Claims arising pursuant to
the rejection of an executory contract or lease, and each and every other Prepetition Claim
asserted by any Creditors, whether of a general unsecured, priority, or secured status, must. on or
2



before the General Bar Date or Governmental Bar Date, as applicable, file a Proof of Claim
substantially in the form attached to the Motion as Exhibit B.
5. Each Proof of Claim must: (i) be written in English; (ii) be denominated in lawful
currency of the United States; (iii) conform substantially to the form provided with the Bar Date
Notice; (iv) state the specific Debtor against which it is filed; (v) set forth the basis for the claim;
(vi) include supporting documentation or an explanation as to why such documentation is not
available; and (vii) be signed by the claimant or, if the claimant is not an individual, by an
authorized agent of the claimant.
6. Except as explained below, any holder of a Claim that is required to file a Proof
of Claim and fails to do so, including any person or entity (a) whose Claim is not listed in the
schedules of liabilities tiled by the Debtors on the Petition Date, or any amendment thereto (the
"Schedules"), but who nonetheless is served the Bar Date Notice or (b) whose Claim is listed in
the Schedules as disputed, contingent, unliquidated or undetermined, and who fails to file a Proof
of Claim on or before the General Bar Date or Governmental Bar Date, as applicable, may be
forever barred, estopped, and enjoined from asserting any Claim that such person or entity
possesses or may possess against the Debtors, from receiving distributions on account of any
such Claim, and from voting upon any plan proposed in these cases; provided, however, that a
holder of a Claim who does not file a Proof of Claim shall be able to vote upon, and receive
distributions under, any plan of reorganization or liquidation in this case to the extent, and in
such amount, as any undisputed, noncontingent and liquidated claims identified in the Schedules
on behalf of such holder of a Claim, unless otherwise ordered by this Court.
7. The following persons or entities may, but need not, file a Proof of Claim:
3

Any claimant (i) whose Prepetition Claim is listed on the Schedules, and not identitied as
being "disputed," "contingent," 'unliquidated" or "undetermined,'' (ii) who agrees that
their Prepetition Claim has been accurately listed in the Schedules as to its classitication
and amount, and (iii) who agrees that their claim is only against the particular Debtor
specified in the Schedules.
8. The following claimants should not file a Proof of Claim:
(a) Any claimant whose Prepetitiun Claim has previously been
specifically allowed by order of this Court; and
(b) Any claimant who has already properly filed a Proof of Claim with the
clerk of the Bankruptcy Court.
9. Creditors whose claims arise from, or as a consequence of, the rejection of an
executory contract or an unexpired lease must file their Proofs of Claim on or before the later of
(a) (30) days following service on such party of entry of the order approving such rejection and

(b) the General Bar Date or Governmental Bar Date, as applicable.
10. Creditors whose Prepetition Claims are not listed in the Schedules, or who are
listed in the Schedules in an amount or classification they dispute, or are listed in the Schedules
as disputed, contingent, unliquidated or undetermined, or who dispute that their claim is only
against the particular Debtor specified in the Schedules, and who desire to participate in these
cases or share in any distribution in these cases, must file Proofs of Claim on or before the
General Bar Date or Governmental Bar Date, as applicable; provided, however, that a holder of a
Claim who does not tile a Proof of Claim shall be able to vote upon, and receive distributions
under, any plan of reorganization or liquidation in this case to the extent, and in such amount, as
any undisputed, noncontingent and liquidated claims identified in the Schedules on behalf of
4

such holder of a Claim. Creditors who desire to rely on the Schedules have the responsibility of
determining that their Prepetition Claims are accurately listed.
11. All Proofs of Claim must be filed so as to be received by Omni Management
Group ("Omni''), the Debtors' Claims Agent, by no later than the General Bar Date or
Governmental Bar Date, as applicable. Proofs of Claim shall be filed by mail, overnight courier
or hand delivery, and shall be addressed to: FastShip, Inc. et al., Claims Processing, c/o Omni
!vianagement Group, 5955 DeSoto Avenue, SuiLe 100, Woodland Hills, CA 91367. Proofs of
Claim shall be deemed filed only when actually received by Omni.
12. In the event that Debtors amend their Schedules to (a) designate a Prepetition
Claim as disputed, contingent, unliquidated or undetermined, (b) change the amount of a
Prepetition Claim, or (c) add a Prepetition Claim not previously listed on the original Schedules,
then, and in such event, the Debtors shall notify the affected claimant of such amendment and
that Creditor will be granted 30 days from the date of such notification (the date of notification

shall be deemed to be the date that such notification is sent-whether by email, fax or regular
mail, postage paid) within which to file a Proof of Claim.
13. Nothing in this Order shall be deemed to prejudice the Debtors' right to object to
or dispute any Prepetition Claim, whether filed or scheduled, on any grounds or to subsequently
designate any Prepetition Claim as disputed, contingent, unliquidated or undetermined.
14. Nothing in this Order shall be construed to limit, or in any way affect, the
Debtors' ability to dispute any Proof of Claim on any ground, or to assert offsets against or
defenses to any such Proof of Claim as to amount, liability or otherwise.
15. The Debtors shall mail a copy of the Bar Date Notice by ordinary first class mail
to all known Creditors within five (5) days after entry of this Order. If so mailed, the Bar Date
5 _________________ ,, ___ _

Notice shall constitute good and sufficient service and notice of the General Bar Date or
Governmental Bar Date, as applicable and the procedures for tiling Proofs of Claim.

HO RABLE BRENDAN L. SHANNON
United States Bankruptcy Judge


6
\'cr2 _____ ,, __

EXHIBIT A





In re:
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
) Chapter ll
)
F ASTSHIP. INC., eta/.,
) Case No. 12-10968 (BLS)
) (Jointly Administered)
Debtors.
1
)
)
NOTICE OF (I) REQUIREMENT FOR FILING PROOFS OF PREPETITION CLAIMS,
(II) DEADLINE FOR FILING PROOFS OF PREPETITION CLAIMS AND
(Ill) PROCEDURES IN CONNECTION THEREWITH
TO: ALL CREDITORS, PARTIES IN INTEREST, AND ANY OTHER PERSONS OR
ENTITIES ASSERTING OR ADVANCING A CLAIM IN THESE JOINTLY
ADMINISTERED CASES.
On March 20, 2012 (the "Petition Date"), FastShip, Inc. ("FSI"), FastShip
Atlantic, Inc. (''FSA") and Thornycroft, Giles & Co., Inc. ("TGC", together with FSI and FSA,
the "Debtors" and each individually, a "Debtor"), each filed voluntary petitions for relief under
chapter II of the Bankruptcy Code. The Debtors' chapter 11 cases have been consolidated for
administrative purposes only. YOUR RIGHTS MAY BE AFFECTED. PLEASE CONSULT
COUNSEL TO FULLY PROTECT YOUR RIGHTS .
CLAIMS BAR DATE
On April_, 2012, the United States Bankruptcy Court for the District of
Delaware (the "Court") entered an order (the "Bar Date Order") setting 5:00p.m. (E.D.T.) on
June 1, 2012 (the "General Bar Date"), as the deadline for all persons and entities, including all
individuals, former and present employees, partnerships, corporations, estates, and trusts, except
for governmental units, to file proofs of claim ("Proofs of Claim", and each individually a
"Proof of Claim") based on Claims (as defined in 11 U.S.C. 101(5)) against the Debtors arising
prior to the Petition Date ("Prepetition Claim"). The Bar Date Order also set the Bar Date for
proofs of claim of governmental units as 5:00p.m. (E.D.T.) on September 17, 2012 (the
''Governmental Bar Date"). The Governmental Bar Date shall apply only to governmental units.
The General Bar Date applies to all holders of claims that are not governmental units.
The General Bar Date and Governmental Bar Date, and the procedures set forth
below for filing a Proof of Claim apply to all Claims against the Debtors that arose prior to the
Petition Date.
The Debtors, along with the last four digits of each Debtor's tax identification number. are as follows:
FastShip, Inc. (8309) (Case No. 12-10968 (BLS)), FastShip Atlantic, Inc. (0980) (Case No. 12-10970 (BLS))
and Thomycroft, Giles & Co., Inc. ( 1142) (Case No. 12-l 0971 (BLS)). The mailing address for the Debtors is
1608 Walnut Street, Suite 50 I, Philadelphia, PA 19103 .



___________________ ,, ___ _
PREPETITION CLAIMS
A. WHO MUST FILE A PROOF OF CLAIM
You must file a Proof of Claim if you hold a Prepetition Claim, unless your
Prepetition Claim is of a type described in Section B or C, below. Any person or entity holding a
Prepetition Claim or potential Claim against the Debtors, no matter how remote or contingent,
must file a Proof of Claim on or before the General Bar Date or Governmental Bar Date, as
applicable, except as set forth below. Please note, acts or omissions of the Debtors that arose
prior to the Petition Date may give rise to Claims against the Debtors that must be filed on or
before the General Bar Date or Governmental Bar Date, as applicable, notwithstanding that such
Claims may not have matured or become fixed or liquidated or certain prior to the Petition Date.
B. WHO MAY FILE A PROOF OF CLAIM
You may file a Proof of Claim, but are not required to do so, if: (i) your
Prepetition Claim is listed on the schedules of liabilities filed by the Debtors on the Petition
Date, or any amendment thereto (the "Schedules"), (ii) your Prepetition Claim is not listed in the
Schedules as "disputed", "contingent", "unliquidated" or "undetermined," (iii) you agree that
your Prepetition Claim has been accurately listed in the Schedules as to its classification and
amount, and (iv) you agree that your claim is only against the particular Debtor specified in the
Schedules .
C. WHO SHOULD NOT FILE A PROOF OF CLAIM
You should not file a Proof of Claim if: (i) the Court has already entered an order
allowing your Prepetition Claim, (ii) you have a properly filed Proof of Claim on file with the
Court, or (iii) you do not have a Prepetition Claim against the Debtors. THE FACT THAT YOU
HAVE RECEIVED THIS NOTICE DOES NOT MEAN THAT YOU HAVE A PREPETITION
CLAIM OR THAT THE DEBTORS OR THE COURT BELIEVE THAT YOU HAVE A
PREPETITION CLAIM.
D. EXECUTORY CONTRACTS AND UNEXPIRED LEASES
All persons and entities holding Claims arising from, or as a consequence of, the
rejection by the Debtors of an executory contract or unexpired lease must be tiled on or before
the later of (a) thirty (30) days following service on such party of entry of the order approving
such rejection and (b) the General Bar Date or Governmental Bar Date, as applicable .
2



__________________ ,,,___ _
E. WHEN AND WHERE TO FILE PROOFS OF CLAIM
Proofs of Claim must be filed so as to be received on or before the General Bar
Date of ~ u n e 1, 2012, or the Governmental Bar Date of September 17, 2012, as applicable,
by Omm Management Group ('"Omni"), the Debtors' Claims Agent, at the following address:
FastShip, Inc. et al. Claims Processing
c/o Omni Management Group
5955 DeSoto A venue, Suite I 00
Woodland Hills, California 91367
Proofs of Claim may be filed by mail, overnight courier or hand delivery, and will
be deemed tiled only when actually received by Omni. Do not file or send copies of the Proof of
Claim to the Debtors or counsel for the Debtors. Copies sent by email or fax will not be
accepted. If you wish to receive a tile-stamped copy of your Proof of Claim, you must provide
an additional copy of the Proof of Claim to Omni along with a self-addressed, postage paid
return envelope.
F. WHAT TO FILE FOR A CLAIM
If you file a proof of your Prepetition Claim, you should use the Proof of Claim
form attached as Exhibit A (Official Form BlO). All Proofs of Claim must: (i) be written in
English; (ii) be denominated in lawful currency of the United States; (iii) conform substantially
to the form provided with this Notice; (iv) state the specific Debtor against which it is filed; (v)
set forth the basis for the alleged Claim; (vi) include supporting documentation or an explanation
as to why such documentation is not available; and (vii) be signed by the claimant or, if the
claimant is not an individual, by an authorized agent of the claimant.
IF YOU ARE ASSERTING A CLAIM AGAINST MORE THAN ONE
DEBTOR, SEPARATE PROOFS OF CLAIM MUST BE FILED AGAINST EACH DEBTOR
AND YOU MUST IDENTIFY ON YOUR PROOFS OF CLAIM THE SPECIFIC DEBTOR
AGAINST WHICH YOUR CLAIM IS ASSERTED AND THE NUMBER OF THAT
DEBTOR'S BANKRUPTCY CASE.
FAILURE TO FILE PROOF OF CLAIM
Except with respect to Prepetition Claims of the type set forth in Sections B and C
above and as explained below, any person holding a Prepetition Claim who is required to but
fails to file a Proof of Claim on or before the General Bar Date or Governmental Bar Date, as
applicable. for any Prepetition Claim against the Debtors, may be forever barred, estopped and
enjoined from: i) asserting such Prepetition Claim; ii) subsequently tiling a Proof of Claim or
other evidence with respect to such Prepetition Claim against the Debtors and their property; iii)
voting on any plan of reorganization; iv) participating in any distribution or receive payment in
these chapter 11 cases on account of such Prepetition Claims; and v) receiving further notices
regarding such Prepetition Claims; provided, however, that a holder of a Claim who does not file
a Proof of Claim shall be able to vote upon, and receive distributions under, any plan of
reorganization or liquidation in this case to the extent, and in such amount, as any undisputed,
3



- - - - - - - - - - - - - - - - - - ~ ~ - - - -
noncontingent and liquidated claims identified in the Schedules on behalf of such holder of a
Claim, unless otherwise ordered by this Court.
ACCESS TO SCHEDULES
Copies of the Schedules, as well as the Order Establishing the Bar Date, may be
examined and inspected by interested parties during regular business hours at the office of the
Clerk of the Bankruptcy Court, United States Bankruptcy Court, District of Delaware. 824 North
Market Street, 3 rd Floor, Wilmington, Delaware 1980 l, or by accessing the Debtors' bankruptcy
website at http://omnimgt.com/SBLite/FastShip, or contacting the Debtors' claims agent by
telephone at 818-906-8300 or by submitting an inquiry via the claims agent's website. Creditors
who wish to rely on the Schedules (or on the accompanying exhibits) shall have the
responsibility for determining that their Prcpctition Claims arc accurately listed therein.
Additional copies of the Proof of Claim forms may also be obtained from the website at
http://omnimgt.com/SBLite/FastShip or by contacting the Debtors' claims agent at the number
above. ANY OTHER INQUIRIES, SUCH AS WHETHER YOU SHOULD FILE A PROOF OF
CLAIM OR TAKE ANY OTHER ACTION WITH RESPECT TO YOUR PREPETITION
CLAIM SHOULD BE DIRECTED TO YOUR OWN ATTORNEY. DO NOT CONTACT THE
BANKRUPTCY COURT OR THE UNDERSIGNED COUNSEL FOR THE DEBTORS.
BENESCH, FRIEDLANDER,
COPLAN & ARONOFF LLP
By: Is/ Raymond H Lemisch
Raymond H. Lemisch, Esquire (No. 4204)
Jennifer E. Smith, Esquire (No. 5278)
222 Delaware Avenue, Suite 801
Wilmington, DE 19801
(302) 442-7010 (Telephone)
(302) 442-7012 (Facsimile)
rlemisch@beneschlaw.com
jsmith@beneschlaw .com
-and-
Kari Coniglio, Esquire (OH 0081463)
200 Public Square, Suite 2300
Cleveland, OH 44114
(216) 363-4500 (Telephone)
(216) 363-4588 (Facsimile)
kconigl iolll;beneschlaw. com
Proposed Counsel for Fast Ship, Inc., FastShip
Atlantic, Inc. and Thornycroft, Giles & Co., Inc.,
Debtors and Debtors in Possession
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