PERU FREIGHT TENDER DTD FEBRUARY 15, 2005 - RESULTS 
TITLE II - CRS

2 FIXTURES
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NICOLE C - US FLAG OCEAN-GOING TANK BARGE
OWNER: GLOBAL INTERNATIONAL MARINE INC.
CCC#: 5434
3,550 MT MIN/MAX CRUDE DEGUMMED SOYBEAN OIL IN BULK
LAYDAYS: MARCH 10-19, 2005
L/P: 1/3 SB EACH 1/2 SP USG 
D/P: 1/2 SB EACH 1/2 SP PAITA AND/OR CALLAO, PERU

FREIGHT RATE: USD 222.84 PMT BASIS 1 SB U.S. GULF LOAD AND 1 SB PAITA, PERU; 
PLUS USD 10.00 PMT FOR EACH ADDITIONAL LOAD AND/OR DISCHARGE BERTH
PLUS USD 15.00 PMT FOR SECOND U.S. GULF LOADPORT 
PLUS USD 10.00 PMT IF ANY CARGO IS DISCHARGED AT CALLAO, PERU


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SEA CREST - US FLAG OCEAN-GOING TANK BARGE
OWNER: USS HOLDING LLC
CCC#: 5434
1,650 MT MIN/MAX CRUDE DEGUMMED SOYBEAN OIL (CDSBO) IN BULK 
IN COMBO WITH 1,450 MT OF CDSBO IN BULK FOR CARE PERU UNDER SEPARATE C/P
LAYDAYS: MARCH 15-25, 2005
L/P: 1/3 SB EACH 1/2 SP USG 
D/P: 1/2 SB EACH 1/2 SP PAITA AND/OR CALLAO, PERU

FREIGHT RATE: USD 235.84 PMT BASIS DISCHARGE AT PAITA ONLY; 
USD 259.63 PMT BASIS DISCHARGE AT CALLAO ONLY;
IF BOTH PAITA AND CALLAO ARE USED HIGHEST RATE TO APPLY.

FREIGHT RATES ARE BASIS LOADING AND DISCHARGING ENTIRE CARGO (CRS + CARE) 
AT ONE BERTH IN ONE PORT; USD 65,000 LUMPSUM FOR EACH ADDITIONAL LOAD PORT; 
USD 25,000 LUMPSUM FOR EACH ADDITIONAL LOAD BERTH; USD 65,000 LUMPSUM FOR EACH 
ADDITIONAL DISCHARGE PORT; USD 25,000 LUMPSUM FOR EACH ADDITIONAL DISCHARGE BERTH.  
PREMIUMS TO BE PRO-RATED BETWEEN CRS & CARE.