GOVERNMENT OF YEMEN
FREIGHT TENDER DTD JULY 27, 2004 - RESULTS - SECTION 416(B)
USDA NO. 04-034P-1

CARRIER: P&O NEDLLOYD
PRIORITY I SERVICE

COMMODITY: NFD MILK IN 25 KG BAGS
CARGO:	1,250 NMT

LOAD: R FORT SMITH, ARKANSAS

DISCHARGE PORT: HODEIDAH AND/OR MA'ALLAH AND/OR MOKHA AND/OR 
MUKALLA AND/OR SALIF, REPUBLIC OF YEMEN AT SHIPPER'S OPTION

SHIPMENT PERIOD: NET 08/10/04 AND NLT 08/25/04


FREIGHT RATE: 	USD 254.00 PGMT;
THE ABOVE RATE IS BASIS ONE (1) TO THREE(3) LOAD PORTS (NEW YORK
AND/OR NORFOLK AND/OR CHARLESTON) TO ONE (1) DISCHARGE PORT BASIS 
HODEIDAH; FOR ANY CARGO DISCHARGED AT MA'ALLAH, MOKHA, MUKALLA, 
SALIF, INCREASE THE ABOVE RATES BY USD 30.00 PGMT; FOR EACH 
ADDITIONAL DISCHARGE PORT, IF USED, INCREASE THE ABOVE RATES BY USD 
40,000 LUMPSUM.