In consideration of your paying us the sum Japanese Yen Dollars Twenty-Nine Million One Hundred Eleven Thousand Four Hundred and Twenty-One Only (JPY29,111,421.00) being FULL & FINAL SETTLEMENT on the under-mentioned interest insured under your policy per the above vessel, we hereby agree to transfer to you all our rights, title and interests in the said Interest under the said policy and to execute all documents which may be necessary for authorising you to make use of our name in any actions you may be advised to take against the owners of the above vessel or any other persons in respect of this loss and if called upon, when necessary, we shall undertake such action on your behalf, you holding us harmless against all costs, expenses and other charges of the said action or actions.