VISHNEVSKAYA-ROSTROPOVICH FOUNDATION
FREIGHT TENDER DTD MAY 20, 2004 - RESULTS - SECTION 416(B)



CARRIER: AMERICAN PRESIDENT LINES, LTD.     
PRIORITY I SERVICE


(A) USDA REF #: 04-017P-01
    COMMODITY: NFD MILK IN 25 KG BAGS
    CARGO: 623 NET METRIC TONS
    LOAD: SAN ANTONIO, TX
    DISCHARGE: BAKU, AZERBAIJAN
    CARGO AVAILABILITY: NET JUNE 10, 2004; NLT JUNE 30, 2004

(B) REF NO.: 04-017P-03
    COMMODITY: NFD MILK IN 25 KG BAGS
    CARGO: 169 NET METRIC TONS
    LOAD: STOCKTON, CA
    DISCHARGE: BAKU, AZERBAIJAN
    CARGO AVAILABILITY: NET JUNE 10, 2004; NLT JUNE 24, 2004

FREIGHT RATES:
CARGO (A): USD 270.39 PGMT
CARGO (B): USD 285.83 PGMT

FREIGHT RATE BREAKDOWN:

CARGO (A): 
OCEAN FREIGHT USD 58.99 PGMT
U.S. INLAND USD 53.88 PGMT

CARGO (B): 
OCEAN FREIGHT USD 58.99 PGMT
U.S. INLAND USD 59.47 PGMT