FREIGHT TENDER DATED DEC 28, 2004 - RESULTS PL480 TITLE II - CRS - WHEAT IN BULK TO ETHIOPIA CCC 5816 / 5819 2 FIXTURES FIXED W/: TECO OCEAN SHIPPING VESSEL: M/V JUDY LITRICO - U.S. FLAG GEARLESS BULK CARRIER CARGO: 27,000 MT WHEAT IN BULK LAYDAYS: JANUARY 21-31, 2005 LOAD: 1/3 SB EACH 1/2 SP U.S. NORTHWEST PACIFIC (NORPAC) DISCH: DJIBOUTI WITH TBL DELIVERY TO INLAND POINTS WITHIN ETHIOPIA OCEAN TRANSPORTATION RATE: USD 141.08 PMT PLUS USD 75,000 LUMPSUM FOR LOADING IN CRDIP BAGGING SERVICES: USD 5.00 PMT INLAND TRANSPORTATION RATES: USD 54.50 PMT FOR NAZARETH USD 45.00 PMT FOR DIRE DAWA ------------------------------------- FIXED W/: COPENSHIP A/S COPENHAGEN VESSEL: M/V STEVEN C, CAYMAN ISLAND FLAG, GEARED BULK CARRIER CARGO: 6,120 MT WHEAT IN BULK LAYDAYS: JANUARY 21-31, 2005 LOAD: 1 SB GALVESTON, TEXAS DISCH: DJIBOUTI WITH TBL DELIVERY TO INLAND POINTS WITHIN ETHIOPIA OCEAN TRANSPORTATION RATE: USD 115.75 PMT BAGGING SERVICES: USD 8.75 PMT INLAND TRANSPORTATION RATES: USD 45.83 PMT FOR NAZARETH USD 35.93 PMT FOR DIRE DAWA