MALAWI FREIGHT TENDER DATED JULY 21, 2004 - RESULTS 

PL480 TITLE II - CRS
CCC: 4501
FIXED W/ STOLT-NIELSEN TRANSPORTATION GROUP BV
M/T STOLT SINCERITY
LIBERIAN FLAG TANKER
1,000 MT CRUDE DEGUMMED SOYBEAN OIL IN BULK 
LAYDAYS: AUGUST 27-SEPTEMBER 5, 2004
L/P: 1/3 SB EACH 1/2 SP USG 
D/P: 1/2 SB NACALA, MOZAMBIQUE
FREIGHT RATE: $ 323.00 PMT BASIS 1 LP / 1 DP
PLUS $ 17,500.00 LUMPSUM IF A SECOND LOAD PORT IS USED
PLUS $ 5,000.00 LUMPSUM FOR EACH ADDITIONAL LOAD BERTH