MADAGASCAR FREIGHT TENDER DATED JULY 13, 2004 - RESULTS 

PL480 TITLE II - CRS
CCC: 4494
FIXED W/ TECO OCEAN SHIPPING
M/V JUDY LITRICO
US FLAG BULK CARRIER

CARGO: 8,510 MT BULK WHEAT IN COMBO WITH WORLD VISION 
CARGO OF 13,210 MT OF BULK WHEAT TO NACALA, MOZAMBIQUE 

LAYDAYS: AUGUST 10-20, 2004
L/P: 1/3 SB EACH 1/2 SP USG 
D/P: 1/2 SB TOAMASINA, MADAGASCAR

FREIGHT RATE: $ 135.04 PMT BASIS 1 LP / 1 DP
PLUS $ 2.00 PMT IF A SECOND LOAD PORT IS USED
PLUS $ 1.00 PMT FOR EACH ADDITIONAL LOAD BERTH