CRS / MALAWI / CDSBO

MALAWI TENDER DATER - DECEMBER 13, 2005
RESULTS

M/T STOLT TENACITY - LIBERIAN FLAG - TANKER
OWNER: STOLT-NIELSEN TRANSPORTATION GROUP BV
CARGO: 1,500 MT CRUDE DEGUMMED SOYBEAN OIL
L/P: 1/3 SB EACH 1/2 SP U.S. GULF
D/P: 1/2 SB NACALA, MOZAMBIQUE

FREIGHT RATE: USD 293.00 PMT BASIS ONE LOAD PORT
TO ONE DISCHARGE PORT

PREMIUMS: USD 30,000 LUMPSUM EACH ADDITIONAL LOAD PORT;
USD 10,000 LUMPSUM EACH ADDITIONAL LOAD BERTH;