CRS / NICARAGUA / BULK WHEAT

NICARAGUA TENDER DATED - FEBRUARY 2, 2006
RESULTS

KOPALNIA BORYNIA - MALTESE FLAG - BULK CARRIER
OWNER: ADM LATIN AMERICA
CARGO: 2,440 MT BULK WHEAT
LAYDAYS: FEBRUARY 25 - MARCH 6, 2006
L/P: 1/3 SB EACH 1/2 SP U.S. GULF
D/P: 1/2 SB CORINTO, NICARAGUA

FREIGHT RATE: USD 43.00 PMT BASIS ONE L/B ONE L/P

PREMIUMS: USD 5.00 PMT EXTRA ON ENTIRE QUANTITY FOR EACH ADDL L/B;
USD 10.00 PMT EXTRA ON QUANTITY EACH ADDL L/P;
USD 15.00 PMT DISCOUNT IF LOADING AT ADM DESTRAHAN / ADM AMA / 
ADM RESERVE / ADM GALVESTON

DEMURRAGE: USD 17,000 PDPR