Uganda Award05-039B

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05-039B Award
September 26, 2005

IFB No. UG-FINCA-05-039B
Charterer: FINCA International

1. Owner: IMC Maritime Group
Vessel: Hong Kong Flag ALCINOE
Cargo: 10,900 MT Min/Max Blk Wheat (plus empty bags to be carried freight free)
Loading: 1/2 SB 1/2 SP U.S. Gulf
Discharging: Mombasa, Kenya - Grain Bulk Handler's Ltd (GBHL) Grain terminal
Laydays: November 1-10, 2005
Dem/Des: $11,000/HD at loadport
Frt Rate:
$83.50 per MT basis one load berth/one loadport
Plus $25,000 Lumpsum for second load berth if used
Plus $110,000 Lumpsum for second load if used
Plus $7.00 per MT on entire cargo for bulk discharge
Plus $10.00 per MT on entire cargo for bagging services, including free on truck/rail at discharge port ex Grain Bulk Handler's Ltd. terminal
30 days free storage at GBHL Terminal is included in above rates.

2. Owner: Sealift, Inc.
Vessel: U.S. Flag S/S CLEVELAND
Cargo: 10,900 MT Min/Max Blk Wheat (plus empty bags to be carried freight free
Loading: 1/2 SB 1/2 SP U.S. Gulf
Discharging: Mombasa, Kenya - Grain Bulk Handler's Ltd (GBHL) Grain Terminal
Laydays: December 20-30, 2005
Dem/Des: $12,000/HD at loadport
Frt Rate:
$160.35 per MT Basis loading at ADM Elevator at Galveston, TX
Plus $2.00 per MT on entire cargo if loading Houston Cargill
Plus $10.00 per MT on entire cargo if loading in the Mississippi River
Plus $3.00 per MT on entire cargo if loading Myrtle Grove
Plus $5.00 per MT on entire cargo for each additional load berth if used
Plus $15.00 per MT on entire cargo for each additional load port, if used
Plus $9.00 per MT on entire cargo for Bulk Discharge
Plus $15.00 per MT on entire cargo for bagging services, including free on truck/rail at discharge port ex Grain Bulk Handler's Ltd. Terminal. This rate includes 30 days free storage at GBHL Terminal


05-039B Amendment
September 15, 2005

Freight Tender Amendment FINCA / Food For Progress / Bulk Wheat For Uganda

UNIVERSAL SHIPPING COMPANY, INC. AS AGENT FOR FINCA INTERNATIONAL AMENDS FREIGHT TENDER IFB NO. UG-FINCA-05-039B ISSUED SEPTEMBER 12, 2005 TO INCLUDE THE FOLLOWING:

VESSEL OWNER TO PROVIDE 30 DAYS FREE STORAGE AT GBHL TERMINAL AT VESSEL OWNERS TIME, RISK AND EXPENSE. THIS ADDITIONAL CONDITION SHOULD BE INCLUDED IN THE FREIGHT RATE.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

05-039B Tender
September 12, 2005
Uganda

Freight Tender: FINCA / Food For Progress / Bulk Wheat for Uganda

UNIVERSAL SHIPPING COMPANY, INC. AS AGENT FOR FINCA INTERNATIONAL, REQUESTS OFFERS OF U.S. AND NON U.S. FLAG GEARED AND GEARLESS VESSELS TO LIFT THE FOLLOWING CARGO UNDER THE FOOD FOR PROGRESS PROGRAM ON THE FOLLOWING BASIS:

1. IFB No. UG-FINCA-05-039B

2. COMMODITY: WHEAT IN BULK

3. QUANTITIES/LAYDAYS:
-A. 10,900 MT WHEAT IN BULK LAYDAYS: NOVEMBER 1-10, 2005
B. 10,900 MT WHEAT IN BULK LAYDAYS: DECEMBER 20-30, 2005
OFFERORS SHOULD CONSIDER OFFERING VESSELS TO CARRY A RANGE OF TONNAGES IN THE EVENT THAT THE QUANTITIES PURCHASED ARE MORE OR LESS THAN THE QUANTITIES STATED IN THIS TENDER. CONTRACTED QUANTITY TO BE ON A MIN/MAX BASIS.
-OFFERS SUBMITTED UNDER THIS INVITATION ARE REQUIRED TO HAVE A
CANCELING DATE NO LATER THAN THE LAST CONTRACT LAYDAY AS
ABOVE, AND THE VESSELS WHICH ARE OFFERED WITH A CANCELING
DATE BEYOND THE LAYDAYS SPECIFIED ABOVE WILL NOT BE
CONSIDERED.
-WHEAT IS TO BE ACCOMPANIED WITH EMPTY BAGS TO BE
CARRIED FREIGHT FREE. EMPTY BAGS ARE TO BE DELIVERED TO
OWNERS OR THEIR APPOINTED AGENTS FREE ALONGSIDE (F.A.S.)
POINT OF REST (UNDER COVER) AT OWNERS DESIGNATED LOAD BERTH.
OWNERS ARE TO NOMINATE LOAD BERTH(S) FOR THE EMPTY BAGS
WITHIN FORTY-EIGHT (48) HOURS AFTER RECEIPT OF CHARTERERS
NOMINATION OF LOAD PORT(S) FOR THE CARGO.
OWNERS DESIGNATED LOAD BERTH MUST PROVIDE A POINT OF REST
WITH UNDER COVER PROTECTION FROM THE WEATHER FOR THE EMPTY
BAGS. OWNERS WILL BE RESPONSIBLE FOR ANY/AND ALL COSTS
ASSOCIATED WITH PLACING THE EMPTY BAGS ABOARD THE VESSEL FROM
THEIR F.A.S. POINT OF REST (UNDER COVER). EMPTY BAGS WILL BE
TRANSPORTED ON VESSEL TO DESTINATION(S)FREIGHT FREE.
-IF CONTRACTED ON PART CARGO BASIS, OWNER IS TO PROVIDE
ITINERARY OF VESSEL. ANY ADDITIONAL COMPLETION CARGO MUST BE STOWED IN SEPARTE HOLDS, MUST BE COMPATIBLE AND NON-INJURIOUS TO FINCAS FOOD FOR PROGRESS WHEAT CARGO AND MUST BE DETAILED IN OFFER OR APPROVED BY CHARTERERS/USDA
IF CONTRACTED AFTER FIXTURE OF FINCAS CARGO. VESSELS ITINERARY AND GEOGRAPHIC PROXIMITY OF COMPLEITON CARGO(ES) WILL BE TAKEN INTO CONSIDERATION BY FINCA/USDA IN APPROVAL OF SUCH PART CARGO(ES) IN ORDER NOT TO UNDULY IMPEDE DELIVERY OF FINCAS CARGO.
-OWNERS TO PROVIDE 14 (FOURTEEN) DAYS PREADVICE OF VESSEL
READINESS TO LOAD. THE 14 DAY PREADVICE MUST BE RECEIVED BY CHARTERERS AGENT NO LATER THAN 11:00 AM (WASHINGTON DC TIME) ON THE BUSINESS DAY IT IS GIVEN. PREADVICE RECEIVED AFTER THAT TIME WILL COUNT AS RECEIVED ON THE NEXT BUSINESS DAY.

4. LOADPORT: 1/2 SAFE BERTH(S) EACH 1/2 SAFE U.S. PORT(S) OR
CANADIAN TRANSHIPMENT POINTS.

5. DISCHARGE PORT: MOMBASA, KENYA - GRAIN BULK HANDLERS LTD
(GBHL) GRAIN TERMINAL.

CARGO IS TO BE BAGGED EX GBHL TERMINAL AT DISCHARGE PORT AT
OWNERS TIME, RISK AND EXPENSE TO FREE ON TRUCK/RAIL EX GBHL
TERMINAL.

THE VESSEL OWNER IS TO BE FULLY RESPONSIBLE FOR THE CARGO DURING THE ENTIRE PROCESS OF DISCHARGING AND BAGGING.

IT IS OWNERS SOLE RESPONSIBILITY FOR VESSEL MEETING ALL BERTH RESTRICTIONS AT THE DISCHARGE PORT(S). ANY LIGHTENING REQUIRED AS A RESULT OF VESSELS FAILURE TO MEET BERTH RESTRICTIONS AT THE DISCHARGE PORT(S) IS FOR OWNERS TIME, RISK AND EXPENSE.

6. TERMS:
(A) LOADING TERMS: THE CARGO IS TO BE LOADED ACCORDING TO BERTH TERMS WITH CUSTOMARY DESPATCH AT THE AVERAGE RATE AS DELINEATED BELOW BASED ON VESSEL'S CONTRACTED QUANTITY. THE RATES ARE BASIS TONS OF 2,204.6 POUNDS PER WEATHER WORKING DAY OF 24 CONSECUTIVE HOURS, SUNDAYS AND HOLIDAYS EXCEPTED, EVEN IF USED. SATURDAYS PER BFC SATURDAY CLAUSE.
BULK CARRIERS:
VESSEL CONTRACTED QUANTITY LOADING GUARANTEE
========================= =================
0 - 9,999.99 MT 4,000 MT PER DAY
10,000 - 19,999.99 MT 5,000 MT PER DAY
20,000 - 29,999.99 MT 6,000 MT PER DAY
30,000 - 39,999.99 MT 7,500 MT PER DAY
TANKERS:
VESSEL CONTRACTED QUANTITY LOADING GUARANTEE
========================= =================
0 - 9,999.99 MT 4,000 MT PER DAY
10,000-19,999.99 MT 5,000 MT PER DAY
20,000-29,999.99 MT 6,000 MT PER DAY
30,000-AND ABOVE 7,500 MT PER DAY
MULTI-DECKERS: THE LOAD GUARANTEE SHALL BE 3,000 MT PER DAY. LASH/SEABEE BARGES: THE LOAD GUARANTEE SHALL NOT APPLY.
(B) DISCHARGING TERMS: FULL BERTH TERMS ALL INCLUSIVE. NO DEMURRAGE, NO DESPATCH, NO DETENTION. CARGO IS TO BE BAGGED AT GBHL GRAIN TERMINAL AT OWNERS TIME, RISK, AND EXPENSE AND DELIVERED TO RECEIVERS FREE ON RAIL AND/OR FREE ON TRUCKS EX GBHL GRAIN TERMINAL IN ACCORDANCE WITH RECEIVERS INSTRUCTIONS.
OWNERS TO PROVIDE LABOR, NEEDLES, TWINE, AND ALL NECESSARY EQUIPMENT FOR BAGGING AND LOADING. OWNER IS TO ADVISE CHARTERER OF THE METHOD OF BAGGING (HAND BAGGING NOT PERMISSIBLE), BAGGING RATE AND NAME OF BAGGING CONTRACTOR PRIOR TO FIXTURE. BAGGING CONTRACTOR TO BE SUBJECT TO CHARTERERS APPROVAL. IF HAND BAGGING IS PERFORMED IN BREACH OF CONTRACT, THE BAGGING RATE TO BE REDUCED TO USD 1.00 PER METRIC TON.
(C )DEMURRAGE/DESPATCH IS APPLICABLE AT LOAD PORT ONLY. OWNERS ARE TO SPECIFY DEMURRAGE/DESPATCH RATES IN THEIR OFFER. DESPATCH RATES MUST BE ONE-HALF OF DEMURRAGE RATES QUOTED.
(D) LAYTIME AT LOADPORT.
-LAYTIME ACCOUNTS ARE TO BE SETTLED DIRECTLY BETWEEN
OWNERS AND COMMODITY SUPPLIER(S) AT LOAD PORT(S). LAYTIME CALCULATION, OVERTIME AND TRIMMING TO BE IN ACCORDANCE TO ADDENDUM NO. 1 OF THE NORTH AMERICAN EXPORT GRAIN ASSOCIATION, INC. F.O.B. CONTRACT NO. 2 (REVISED AS OF AUGUST 1,1988) CLAUSES NOS.1-10 INCLUSIVE, (HEREINAFTER "N.A.E.G.A.") REGARDLESS OF TYPE OF VESSEL. FURTHER THE FOLLOWING MODIFICATIONS TO N.A.E.G.A. WILL APPLY:
ANYWHERE THE WORD "BUYER" APPEARS, THE WORDS "VESSEL OWNER" SHOULD BE SUBSTITUTED IN ITS PLACE. UNDER NO CIRCUMSTANCES SHALL CHARTERERS OR CCC BE RESPONSIBLE FOR RESOLVING DISPUTES INVOLVING THE CALCULATION OF LAYTIME OR THE PAYMENT OF DEMURRAGE OR DESPATCH BETWEEN THE VESSEL OWNERS AND THE COMMODITY SUPPLIER(S). ANY/ALL DISPUTES BETWEEN VESSEL OWNERS AND THE COMMODITY SUPPLIER(S) ARISING OUT OF THIS CONTRACT RELATING TO THE SETTLEMENT OF LAYTIME ISSUES SHALL BE ARBITRATED IN NEW YORK SUBJECT TO THE RULES OF THE SOCIETY OF MARITIME ARBITRATORS, INC.

7. VESSEL TYPE RESTRICTIONS: TOWED BARGES ARE EXCLUDED.
INTEGRATED TUG/BARGE (ITB) UNITS WILL BE CONSIDERED.

8. VESSEL GEAR REQUIREMENTS: VESSEL MUST BE CAPABLE OF SELF-DISCHARGE WITH VESSELS GEAR OR OWNER-SUPPLIED SHORESIDE GEAR.
DISCHARGING EQUIPMENT MUST MEET ALL REQUIREMENTS AND REGULATIONS OF THE APPLICABLE PORT AUTHORITIES.

MECHANICAL OR HYDRAULIC HATCH COVERS FOR VESSELS OR RAIN TENTS FOR ALL HATCHES ARE REQUIRED. OPENING AND CLOSING OF HATCHES TO BE CARRIED OUT BY VESSEL'S CREW FREE OF CHARGE TO CHARTERERS.

VESSELS AND ITBS MUST HAVE ALL OPENINGS TO CARGO SPACES
AND HATCH COVERS SUITABLY SEALED WITH TAPE OR BY OTHER MEANS TO ASSURE WATER TIGHT INTEGRITY. THE SEALING SHALL BE DONE TO THE SATISFACTION OF NCB SURVEYOR AS ATTESTED BY CERTIFICATION OF SPECIAL SURVEY. ALL OF THE ABOVE TO BE PERFORMED AT VESSEL'S TIME, RISK, AND EXPENSE. SPECIAL
SURVEY CERTIFICATE WILL BE REQUIRED AS A CONDITION OF FREIGHT PAYMENT. SEALING OF HATCHES/OPENINGS AND SPECIAL NCB CERTIFICATE IN NO WAY DIMINISHES OWNERS RESPONSIBILITY AND LIABILITY TOWARD THE CARGO.

OWNERS OF INTEGRATED TUG-BARGE MUST ALSO HAVE TOW ARRANGEMENT DULY INSPECTED AND CERTIFIED BY THE SALVAGE ASSOCIATIONS INSPECTOR AT OWNERS EXPENSE.

9. LIGHTENING, IF REQUIRED, TO BE AT VESSEL OWNERS TIME RISK AND
EXPENSE. LIGHTENING, IF REQUIRED, IS TO BE PERFORMED IN THE PORT OF MOMBASA ONLY. LIGHTENING VESSEL(S) MUST MEET ALL TENDER AND MOMBASA PORT AUTHORITY REQUIREMENTS. COST OF LIGHTENING TO BE STIPULATED IN THE OFFER (REFER TO CLAUSE 67 OF PROFORMA C/P). IN THE EVENT LIGHTENING IS NOT PERFORMED AT THE DISCHARGE PORT, SAID LIGHTENING COSTS SHALL BE DEDUCTED FROM THE FREIGHT.

10. VESSEL MUST BE ABLE TO BE FUMIGATED WITH AN ALUMINUM
PHOSPHIDE PREPARATION IN-TRANSIT IN ACCORDANCE WITH THE USDA/FGIS FUMIGATION HANDBOOK AND VESSELS THAT CANNOT BE SO FUMIGATED WILL NOT BE CONSIDERED. AT FINAL LOADING PORT,COMMODITY SUPPLIER WILL ARRANGE AND PAY FOR IN-TRANSIT FUMIGATION PERFORMED BY A CERTIFIED APPLICATOR IN ACCORDANCE WITH THE USDA, FGIS FUMIGATION HANDBOOK. FUMIGATION MUST BE WITNESSED BY FGIS,USDA, AND THE ALUMINUM PHOSPHIDE PREPARATION MUST BE CONTAINED IN PACKAGING AS DESCRIBED IN THE FUMIGATION HANDBOOK. DUST RETAINERS MUST BE USED. FOR TWEENDECKERS AND BULK CARRIERS (INCLUDING PUSH-MODE ITB),
THE RECIRCULATION METHOD OF FUMIGATION WILL BE USED. FOR TANKERS, SURFACE APPLICATION WILL BE USED.
TWEEN-DECK VESSELS WILL BE CONSIDERED PROVIDED THEY ARE ACCEPTABLE FOR IN-TRANSIT FUMIGATION IN ACCORDANCE WITH FGIS FUMIGATION HANDBOOK. OFFERS OF SUCH TWEEN-DECK VESSELS MUST BE ACCOMPANIED BY A COPY OF A LETTER FROM FGIS, USDA, STATING THAT THE VESSEL CAN BE FUMIGATED UNDER THE FGIS IN-TRANSIT FUMIGATION PROCEDURES. IN ADDITION, TWEEN-DECK VESSELS ARE ACCEPTABLE ONLY WHEN A CERTIFIED APPLICATOR STATES THAT THE VESSEL HAS BEEN INSPECTED AND FOUND TO BE SUITABLE FOR FUMIGATION AND SUCH WRITTEN STATEMENT FROM CERTIFIED APPLICATOR SHOULD BE SUBMITTED WITH OFFER.

11. AT THE DISCHARGE PORT AND UPON INSPECTION BY GOVERNMENT/
RECEIVERS INSPECTORS, IF CARGO AND/OR VESSEL IS FOUND TO BE INFESTED, AND PROVIDED CLEAN BILLS OF LADING WERE ISSUED, FUMIGATION COSTS, IF ANY, ARE FOR OWNERS (VESSELS) ACCOUNT, AND TIME USED IS TO COUNT FOR U.S. FLAG VESSELS; AND NOT TO COUNT FOR NON U.S. FLAG VESSELS.

12. FREIGHT RATE TO BE QUOTED PER METRIC TON BASIS VESSEL
LOAD/BERTH TERMS DISCHARGE ONE LOADING PORT TO ONE DISCHARGING PORT. ADDITIONAL FREIGHT CHARGE MUST BE STATED FOR ADDITIONAL LOADING PORT(S)/BERTHS AND WILL BE CONSIDERED IN DETERMINING LOWEST LANDED COST IN THOSE SITUATIONS WHERE COMMODITIES ARE LIKELY TO BE LOADED AT MORE THAN ONE PORT.

OWNER TO PROVIDE BREAKDOWN OF FREIGHT RATE AS FOLLOWS:
(A) OCEAN TRANSPORTATION
(B) BULK DISCHARGE
(C ) BAGGING SERVICES

13. FREIGHT OFFERS SHOULD NOT CONTAIN A "DETENTION RATE". FREIGHT
OFFERS WILL NOT BE CONSIDERED NON RESPONSIVE SOLELY BECAUSE A DETENTION RATE WAS GIVEN HOWEVER THE RELATED CHARTER PARTIES AND LINER BOOKING CONTRACTS MAY NOT CONTAIN A DETENTION RATE.

14. NON U.S. FLAG VESSELS MUST BE REGISTERED HIGHEST IN LLOYDS OR
EQUIVALENT AND SHOULD NOT BE MORE THAN 20 YEARS OLD.

15. NON-VESSELS OPERATING COMMON CARRIERS (NVOCC) MAY NOT BE EMPLOYED TO CARRY U.S. OR FOREIGN FLAG SHIPMENTS.

16. ONLY OFFERS OF NAMED VESSELS WITH FULL PARTICULARS PROVIDED
WILL BE CONSIDERED.

17. ANY EXTRA INSURANCE ON CARGO AND FREIGHT DUE TO VESSELS AGE,
CLASS, TYPE, FLAG, CONFIGURATION OR OWNERSHIP OF THE VESSEL IS TO BE FOR OWNERS ACCOUNT, BUT NOT TO EXCEED NEW YORK MARKET RATES FOR U.S. FLAG VESSELS AND LONDON MARKET RATES FOR NON U.S. FLAG VESSELS.

18. CARGO SHALL NOT BE LOADED INTO DEEP/WING TANKS AND OTHER
SPACES WHICH ARE NOT DIRECTLY ACCESSIBLE TO GRAB DISCHARGE.

19. U.S. FLAG APPROVED FREIGHT RATE(S) WILL BE REDUCED TO A LEVEL
NOT HIGHER THAN THE MARITIME ADMINISTRATION FAIR AND REASONABLE RATE IN THE EVENT THAT ORIGINALLY APPROVED VESSEL IS SUBSTITUTED BY A LOWER COST VESSEL.

ONE WAY RATE MUST BE QUOTED IN ADDITION TO ROUND TRIP RATE FOR U.S. NON LINER VESSELS WHOSE DATE OF ORIGINAL "REPEAT" ORIGINAL (NOT REBUILT DATE)CONSTRUCTION EXCEEDS 15 YEARS FROM DATE OF FIXTURE.

FREIGHT RATE FOR U.S. FLAG VESSELS OFFERING BASIS FULL CARGO
BUT LOADING LESS THAN A FULL CARGO, THE LESS THAN FULL CARGO FREIGHT RATE WILL BE SUBJECT TO A REDUCTION TO MEET ANY REVISED MARAD FREIGHT RATE GUIDELINE DUE TO VESSEL LOADING OTHER ADDITIONAL CARGO.

OFFERS OF U.S. FLAG VESSELS WILL NOT BE CONSIDERED IF THE VESSEL OPERATOR HAS NOT PROVIDED THE MARITIME ADMINISTRATION WITH THE VESSEL COSTS PRIOR TO SUBMISSION OF THE OFFER.

U.S. FLAG VESSELS OFFERED SUBJECT TO MARAD APPROVAL WILL NOT BE CONSIDERED. IF MARAD APPROVAL OF VESSEL IS REQUIRED, SAME MUST BE OBTAINED BEFORE SUBMISSION OF OFFERS.

U.S. FLAG VESSELS OVER 15 YEARS OLD MUST OFFER AN ALTERNATIVE FREIGHT RATE TO BE APPLICABLE IN THE EVENT THE VESSEL IS EITHER SCRAPPED OR VESSEL OWNERSHIP IS TRANSFERRED TO ANOTHER OWNER AFTER DISCHARGE AT DESTINATION, BUT PRIOR TO ITS RETURN TO THE UNITED STATES.

20. OFFERS RECEIVED SHALL BE CONSIDERED TO WARRANT THAT THE
OFFERED VESSEL IS FREE FROM ANY LIEN AND ENCUMBRANCE FULLY INSURED AND ENTERED IN A P AND I CLUB.

21. OFFERS OF NAMED VESSELS ONLY, NO VESSEL SUBSTITUTION IS
PERMITTED WITHOUT CHARTERER'S/USDA'S APPROVAL.

22. ISM AND ISPS CODE COMPLIANCE: OWNER GUARANTEES THAT THIS VESSEL, IF REQUIRED BY THE ISM (NON SELF-PROPELLED BARGES ARE EXEMPT), AND ISPS CODE ISSUED IN ACCORDANCE WITH INTERNATIONAL CONVENTION FOR THE SAFETY OF LIFE AT SEA (1974) AS AMENDED (SOLAS) COMPLIES FULLY WITH THE INTERNATIONAL SAFETY MANAGEMENT (ISM) CODE AND THE INTERNATIONAL SHIP AND PORT FACILITIES SECURITY (ISPS) CODE AND WILL REMAIN SO FOR THE ENTIRETY OF HER EMPLOYMENT UNDER THIS CHARTER PARTY. UPON REQUEST, OWNERS TO PROVIDE CHARTERERS WITH A COPY OF THE RELEVANT DOCUMENT OF COMPLIANCE (DOC) AND SAFETY MANAGEMENT CERTIFICATE (SMC) IN REGARD TO THE ISM CODE AND THE INTERNATIONAL SHIP SECURITY CERTIFICATE (ISSC) IN REGARD TO THE ISPS CODE. OWNERS ARE TO REMAIN FULLY RESPONSIBLE FOR ANY AND ALL CONSEQUENCES FROM MATTERS ARISING AS A RESULT OF THE OWNER OR THE VESSEL BEING OUT OF COMPLIANCE WITH THE ISM AND ISPS CODE.

23. ISPS CLAUSE:
A. FROM THE DATE OF COMING INTO FORCE OF THE INTERNATIONAL CODE FOR THE SECURITY OF SHIPS AND OF PORT FACILITIES AND THE RELEVANT AMENDMENTS TO CHAPTER XI OF SOLAS (ISPS CODE) IN RELATION TO THE VESSEL, THE OWNERS SHALL PROCURE THAT BOTH THE VESSEL AND THE COMPANY (AS DEFINED BY THE ISPS CODE) SHALL COMPLY WITH THE REQUIREMENTS OF THE ISPS CODE RELATING TO THE VESSEL AND THE COMPANY. UPON REQUEST THE OWNERS SHALL PROVIDE A COPY OF THE RELEVANT INTERNATIONAL SHIP SECURITY CERTIFICATE (OR THE INTERIM INTERNATIONAL SHIP SECURITY CERTIFICATE) TO THE CHARTERERS. THE OWNERS SHALL PROVIDE THE CHARTERERS WITH THE FULL STYLE CONTACT DETAILS OF THE COMPANY SECURITY OFFICER (CSO).

EXCEPT AS OTHERWISE PROVIDED IN THE CHARTER PARTY, LOSS, DAMAGE, EXPENSE OR DELAY, EXCLUDING CONSEQUENTIAL LOSS, CAUSED BY FAILURE ON THE PART OF THE OWNERS OR THE COMPANY TO COMPLY WITH THE REQUIREMENTS OF THE ISPS
CODE OR THIS CLAUSE SHALL BE FOR THE OWNERS ACCOUNT.

B. OWNER TO SPECIFY ANY INFORMATION REQUIRED FROM CHARTERERS IN ORDER TO COMPLY WITH ISPS AT TIME VESSEL TENDERS PRE-ADVICE NOTICE FOR THIS CARGO. THE CHARTERERS SHALL PROVIDE THE CSO AND THE SHIP SECURITY OFFICER (SSO)/MASTER WITH THEIR FULL STYLE CONTACT DETAILS AND ANY OTHER INFORMATION THE OWNERS REQUIRE TO COMPLY WITH THE ISPS CODE.

24. COMPLIANCE WITH SECTION 408 OF THE U.S. COAST GUARD AUTHORIZATION ACT OF 1998: PUBLIC LAW 105-383 (46 USC PARAGRAPH 2302(E)), ESTABLISHES EFFECTIVE JANUARY 1, 1999,
WITH RESPECT TO NON-US FLAG VESSELS AND OPERATORS/OWNERS,
THAT SUBSTANDARD VESSELS AND VESSELS OPERATED BY OPERATORS/OWNERS OF SUBSTANDARD VESSELS ARE PROHIBITED FROM
THE CARRIAGE OF GOVERNMENT IMPELLED (PREFERENCE)CARGO(ES) FOR
UP TO ONE YEAR AFTER SUCH SUBSTANDARD DETERMINATION HAS BEEN PUBLISHED ELECTRONICALLY. AS THE CARGO ADVERTISED IN THIS
IFB IS A GOVERNMENT IMPELLED (PREFERENCE) CARGO, OFFERORS
MUST WARRANT THAT VESSEL(S) AND OWNERS/OPERATORS ARE NOT DISQUALIFIED TO CARRY SUCH GOVERNMENT IMPELLED (PREFERENCE)
CARGO(ES).

25. OFFERORS ARE ENCOURAGED TO INCLUDE ALL INFORMATION AS LISTED
BELOW AND IN THE FORMAT AS FOLLOWS:
A. VESSEL NAME, FLAG, YEAR BUILT, VESSEL TYPE, DWT, HOLDS,
HATCHES(SIZES), GEAR, LOA, BEAM, SPEED, CLASS, OWNERS
NAME, SALT WATER ARRIVAL DRAFT AT DISPORT
B. CARGO
C. LOAD/DISCHARGE PORT
D. LOAD/DISCHARGE RATE
E. LAYDAYS
F. ETA AT LOAD PORT
G. FREIGHT RATE PER MT AND ADDITIONAL FREIGHT FOR
ADDITIONAL PORT(S)/BERTH
H. DEMURRAGE-DESPATCH
I. TRANSIT TIME AND PORTS OF CALL IN TRANSIT, IF ANY
J. COMMISSIONS
K. TERMS
L. REMARKS
M. NAME AND TELEPHONE NUMBER OF CONTACT PERSON.

26. ALL OFFERS AND SUBSEQUENT AWARDS OF CONTRACTS WILL BE SUBJECT
TO THE PROVISIONS OF THE FOOD FOR PROGRESS ACT OF 1985 AND ALL APPLICABLE U.S. DEPARTMENT OF AGRICULTURE REGULATIONS PURSUANT THERETO.

27. OFFERS MUST BE SUBMITTED BASIS CURRENT FINCA INTERNATIONAL
PROFORMA CHARTER PARTY FOR FOOD FOR PROGRESS BULK WHEAT (VESSEL LOAD/BERTH TERMS DISCHARGE WITH BAGGING AT DISCHARGE PORT) FOR UGANDA ADAPTED SEPTEMBER 2005) AND THIS IFB.

28. FREIGHT PAYMENT:
PLEASE NOTE PROVISION IN CHARTER PARTY CLAUSE 32 REGARDING PAYMENT BY ELECTRONIC TRANSFER.

29. BROKERAGE COMMISSION IS PAYABLE BY OWNERS ON GROSS FREIGHT,
DEADFREIGHT, AND DEMURRAGE TO UNIVERSAL SHIPPING, CO. AS FOLLOWS: 2.5 PERCENT IF THE FIXTURE IS ARRANGED WITHOUT OWNER'S BROKER AND IF OWNERS' BROKER IS INVOLVED, 2/3RDS OF 2.5 PERCENT IS PAYABLE TO UNIVERSAL SHIPPING AND
1/3RD OF 2.5 PERCENT IS PAYABLE TO OWNERS' BROKER.

30. OFFERS TO BE RECEIVED BY:
UNIVERSAL SHIPPING COMPANY, INC.
2300 CLARENDON BLVD., SUITE 1004
ARLINGTON, VA 22201
TELEPHONE: 202-298-6100 OR 703-522-5780
FAX: 703-522-9417
U.S. AND NON U.S. FLAG OFFERS WILL BE OPENED IN PUBLIC AT
UNIVERSAL SHIPPING CO. OFFICE AT 1100 HOURS WASHINGTON, D.C. TIME, MONDAY, SEPTEMBER 19, 2005, AND REMAIN VALID UNTIL CLOSE OF BUSINESS WASHINGTON, D.C. TIME, WEDNESDAY, SEPTEMBER 21, 2004.
OFFERS WILL NOT BE ACCEPTED BY TELEPHONE. ONLY OFFERS WHICH
ARE RESPONSIVE TO THIS TENDER WILL BE CONSIDERED, AND NO
NEGOTIATION IS PERMITTED. CHARTERERS RESERVE THE RIGHT TO
ACCEPT OR REJECT ANY OR ALL OFFERS.
IF A FAX OFFER IS CONNECTED TO OUR FAX MACHINE BEFORE 1100
HRS WASHINGTON,D.C. TIME, AS PRINTED ON OFFER (BASED ON EASTERN STANDARD/EASTERN DAYLIGHT SAVING TIME, AS APPROPRIATE) AND CONTINUES TRANSMITTING PAST 1100
HOURS UNTIL COMPLETION, CHARTERERS WILL CONSIDER THE OFFER AS IF IT HAD COMPLETED TRANSMITTING BEFORE 1100 HOURS, HOWEVER, CHARTERERS WILL NOT CONSIDER ANY FAX OFFER WHICH CONNECTS TO OUR FAX MACHINE AFTER 1100 HOURS.
OFFERS SUBJECT OPEN WILL BE CONSIDERED IF LIFTED LATEST BY 1100 HOURS WASHINGTON, D.C. ON TUESDAY, SEPTEMBER 20, 2005.