FREIGHT TENDER DATED FEBRUARY 2, 2005 - RESULTS
PL480 TITLE II - CRS - WHEAT IN BULK TO ETHIOPIA 
CCC: 5889 


FIXED W/: IMC MARITIME GROUP, KINGWOOD, TEXAS
VESSEL:  M/V SUN BULKER - PHIL FLAG BULK CARRIER
CARGO: 12,020 MT WHEAT IN BULK
VESSEL IS ALSO BEING CONTRACTED TO LIFT ADDITIONAL PART CARGOES OF 
BULK WHEAT FOR DISCHARGE AT MOMBASA, KENYA (CRS KENYA AND ACDI 
UGANDA) AND FOR DISCHARGE AT TOAMASINA, MADAGASCAR (CRS MADAGASCAR) 
UNDER SEPARATE PL480 TITLE II CHARTER PARTIES

LAYDAYS: MARCH 1-10, 2005
LOAD: 1/3 SB EACH 1/2 SP U.S. GULF
DISCH: DJIBOUTI WITH TBL DELIVERY TO INLAND POINTS WITHIN ETHIOPIA

FREIGHT:
OCEAN TRANSPORTATION RATE (BASIS 1 LOAD BERTH/PORT): USD 74.50 PMT.
BAGGING SERVICES: USD 9.00 PMT
FOREIGN INLAND TRANSPORT RATES: USD 35.00 PMT FOR DIRE DAWA 
AND USD 45.00 PMT FOR NAZARETH.

THE TBL RATES ABOVE ARE BASIS LOADING ALL CARGOES (CRS MADAGASCAR + CRS 
KENYA + CRS ETHIOPIA + ACDI UGANDA) AT ONE LOAD BERTH / ONE LOAD PORT AND 
LOADING U.S. GULF EXCLUDING MISSISSIPPI RIVER; ADDITIONAL USD 65,000 LUMPSUM 
(PRO-RATED OVER ENTIRE 46,640 MT OF CRS + ACDI CARGOES) FOR MISSISSIPPI RIVER 
LOADING; ADDITIONAL USD 25,000 LUMPSUM FOR EACH ADDITIONAL LOAD BERTH 
USED IN LOADING THE ENTIRE 46,640 MT OF CRS + ACDI CARGOES AND 
PRO-RATED OVER THE ENTIRE QUANTITY; ADDITIONAL USD 125,000 LUMPSUM 
FOR EACH ADDITIONAL LOAD PORT USED IN LOADING THE ENTIRE 46,640 MT OF 
CRS + ACDI CARGOES AND PRO-RATED OVER THE ENTIRE QUANTITY.