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Award
August 25, 2003

FIXTURE DETAILS FOR NRECA INTERNATIONAL BULK WHEAT TO BOLIVIA (IFB NO. BO-NRECA-FFP-03-029B) AS FOLLOWS:

OWNER: OSG SHIP MANAGEMENT
VESSEL: U.S. FLAG "OVERSEAS MARILYN"
CARGO AND QUANTITY: 22,000 MT MINIMUM/MAXIMUM BULK WHEAT

LOADING: 1/2 SB EACH, 1/2 SP U.S. GULF
FINAL DESTINATION: UNDER THROUGH BILL OF LADING TO LAPAZ, BOLIVIA
AND/OR SANTA CRUZ, BOLIVIA
LAYDAYS: DECEMBER 16-26, 2003
DEM/DES: $19,000/HD AT LOADPORT
FRT RATE: $73.04 PER MT (OCEAN FREIGHT INCLUDING BULK DISCHARGE)
PLUS INLAND TRANSPORTATION COST PER METRIC TON FOR EACH DESTINATION:
$29.75 PER MT FOR ALL CARGO DELIVERED TO LAPAZ, BOLIVIA
$47.75 PER MT FOR ALL CARGO DELIVERED TO SANTA CRUZ, BOLIVIA

ADD $3.00 PER MT ON ENTIRE CARGO LOADED FOR SECOND LOADPORT, IF USED.
ONE WAY RATE: $52.96 PER MT
TERMS:
LOAD - 6,000 MT WWDSATBFCSHEX EIU

DISCHARGE - FULL BERTH TERMS ALL INCLUSIVE, UNDER THROUGH BILL OF LADING TO LAPAZ, BOLIVIA AND/OR SANTA CRUZ, BOLIVIA. NO DEMURRAGE/NO DESPATCH/NO DETENTION.

OTHERWISE AS PER TERMS AND CONDITIONS OF FREIGHT TENDER AND NRECA INTERNATIONAL PROFORMA CHARTER PARTY.


Amendment August 19, 2003

Freight Tender Amendment: NRECA – Bulk Wheat to Bolivia 

UNIVERSAL SHIPPING CO., INC. FOR AND ON BEHALF OF NRECA INTERNATIONAL, AMENDS IFB NO. BO-NRECA-FFP-03-029B TO BOLIVIA ISSUED AUGUST 13, 2003 AS FOLLOWS:

CLAUSE 7C. TO READ AS FOLLOWS:

OWNER IS TO DELIVER THE CARGO UNDER THROUGH BILL OF LADING TO THE RECEIVERS WAREHOUSE AND/OR SILOS IN LAPAZ, BOLIVIA AND/OR SANTA CRUZ, BOLIVIA (FREE ON RAIL/TRUCK) AT OWNER’S TIME, RISK AND EXPENSE. CARRIERS TO ARRANGE ALL CUSTOMS CLEARANCE AND FORMALITIES AND PASSAGE AT THE DISCHARGE PORT AND FORMALITIES AT ALL POINTS OF ENTRY AT CARRIERS EXPENSE. ALL NECESSARY SECURITY MEASURES SHOULD BE TAKEN TO INSURE SAFE ARRIVAL OF NRECA’S CARGOES AT THE RESPECTIVE FINAL DESTINATION. OWNERS TO PROVIDE THE NAME OF THE INLAND CONTRACTOR PRIOR TO CHARTERER’S/USDA FINAL APPROVAL OF THE FREIGHT FIXTURE.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

Tender August 14, 2003

Bolivia - 03-029B

Freight Tender: NRECA International – Bulk Wheat to Bolivia

UNIVERSAL SHIPPING CO., INC. AS AGENT FOR NRECA INTERNATIONAL REQUESTS OFFERS OF U.S. AND NON U.S. FLAG VESSELS FOR THE CARRIAGE OF BULK WHEAT UNDER THE FOOD FOR PROGRESS PROGRAM ON THE FOLLOWING BASIS:
1. IFB NO. BO-NRECA-FFP-03-029B
2. QUANTITY LAYDAYS
APPROXIMATELY 22,000 MT OF BULK WHEAT DECEMBER 16-26, 2003
OFFERORS SHOULD CONSIDER OFFERING VESSELS TO CARRY A RANGE OF TONNAGES IN THE EVENT THAT THE QUANTITY PURCHASED IS MORE OR LESS THAN THE QUANTITY 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.
-ANY ADDITIONAL COMPLETION CARGO(ES) MUST BE STOWED IN SEPARATE HOLDS, MUST BE COMPATIBLE AND NON-INJURIOUS TO NRECA INTERNATIONAL CARGO AND MUST BE DETAILED IN OFFER OR APPROVED BY CHARTERERS IF CONTRACTED AFTER FIXTURE OF NRECA INTERNATIONAL CARGO. VESSELS ITINERARY AND GEOGRAPHIC PROXIMITY OF COMPLETION CARGO(ES) WILL BE TAKEN INTO CONSIDERATION BY NRECA/USDA IN APPROVAL OF SUCH PART CARGO(ES) IN ORDER NOT TO UNDULY IMPEDE DELIVERY OF NRECA’S CARGO TO BOLIVIA.
3. OWNERS TO PROVIDE 14 (FOURTEEN) DAYS PREADVICE OF VESSEL READINESS TO LOAD. THE 14 DAY PREADVICE MUST BE RECEIVED BY CHARTERER'S 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. LOADING PORT/RANGE: ONE TO TWO SAFE BERTHS EACH ONE TO TWO SAFE U.S. PORTS (MISSISSIPPI RIVER INCLUDING BUT NOT NORTH OF PORT ALLEN TO BE CONSIDERED AS ONE PORT / COLUMBIA RIVER DISTRICT INCLUDING PORTLAND TO BE CONSIDERED AS ONE PORT / SAN FRANCISCO BAY AREA INCLUDING SACRAMENTO AND STOCKTON TO BE CONSIDERED AS ONE PORT.)
5. FINAL DESTINATION: UNDER THROUGH BILL OF LADING TO LAPAZ, BOLIVIA AND/OR SANTA CRUZ, BOLIVIA 
6. OWNERS ARE RESPONSIBLE FOR VESSEL ARRIVING AT DISCHARGE PORTS WITH AN ACCEPTABLE SAFE ARRIVAL DRAFT. IF VESSEL'S DRAFT EXCEEDS SUCH DRAFT, OWNERS TO BE FULLY RESPONSIBLE FOR ANY AND ALL COSTS IN REACHING SAFE DRAFT. IN CASE PARTIAL LIGHTENING, THEN LIGHTERAGE TO BE FOR OWNERS' TIME, RISK AND EXPENSE. IF OWNERS INTEND TO LIGHTEN, THE OFFEROR SHOULD SPECIFY THE COST OF LIGHTENING WHETHER PARTIAL OR FULL LIGHTEINING. IF LIGHTENING IS NOT PERFORMED AND VESSEL DISCHARGES DIRECTLY AT BERTH, THE LIGHTENING COST WILL BE DEDUCTED FROM THE OCEAN FREIGHT. 
7. 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
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
TWEEN-DECKERS: THE LOAD GUARANTEE SHALL BE PRORATED BASIS 3,000 MT PER DAY. LASH/SEABEE BARGES: THE LOAD GUARANTEE SHALL NOT APPLY.
B. DISCHARGING TERMS: FULL BERTH TERMS ALL INCLUSIVE, WITH
NO DEMURRAGE/NO DEPATCH/NO DETENTION. 
C. INLAND TRANSPORTATION CONTRACTOR IS TO DELIVER THE CARGO UNDER
THROUGH BILL OF LADING TO THE RECEIVERS WAREHOUSE IN LAPAZ, BOLIVIA AND/OR SANTA CRUZ, BOLIVIA AT OWNER’S TIME, RISK AND EXPENSE AND CARGO IS TO BE UNLOADED ONTO RECEIVER’S CONVEYANCE. CARRIERS TO ARRANGE ALL CUSTOMS CLEARANCE AND FORMALITIES AND PASSAGE AT THE DISCHARGE PORT AND FORMALITIES AT ALL POINTS OF ENTRY AT CARRIERS EXPENSE. ALL NECESSARY SECURITY MEASURES SHOULD BE TAKEN TO INSURE SAFE ARRIVAL OF NRECA’S CARGOES AT THE RESPECTIVE FINAL DESTINATION. OWNERS TO PROVIDE THE NAME OF THE INLAND CONTRACTOR PRIOR TO CHARTERER’S/USDA FINAL APPROVAL OF THE FREIGHT FIXTURE.
D. 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.
E. 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, CCC OR USDA 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.
F. PER CHARTERER'S PROFORMA C/P CLAUSE 33, OWNERS ARE REQUIRED TO PROVIDE AN ADDITIONAL NCB CERTIFICATION THAT VESSEL'S HATCH COVERS AND ANY OTHER OPENINGS LEADING TO CARGO COMPARTMENTS HAVE BEEN SEALED TO PREVENT ANY OUTSIDE WATER FROM ENTERING THE CARGO COMPARTMENTS.
8. VESSELS AND TUG/BARGE COMBINATION MUST HAVE ALL OPENINGS TO CARGO SPACES AND HATCHES COVERS TIGHTLY SEALED WITH TAPE OR BY OTHER MEANS TO ASSURE WATER TIGHT INTEGRITY. THE SEALING SHALL BE DONE TO SATISFACTION OF ATTENDING NCB SURVEYOR AS ATTESTED BY A SPECIAL SURVEY. COST OF SEALING HATCH COVERS/OPENINGS TO CARGO SPACES AS WELL AS SPECIAL SURVEY FEES SHALL BE FOR VESSEL OWNER'S ACCOUNT. SPECIAL SURVEY CERTIFICATE SHALL IN NO WAY DIMINISH OWNER'S LIABILITY AND RESPONSIBILITIES TOWARD THE CARGO.
-TUG/BARGE TOW ARRANGEMENT TO BE INSPECTED/CERTIFIED BY THE SALVAGE ASSOCIATION PRIOR TO LOADING, AT OWNER'S TIME/RISK/EXPENSE. COPY OF SAID CERTIFICATION TO BE SUBMITTED TO CHARTERERS' AGENT AT TIME OF TENDER NOR TO LOAD.
9. OFFER TO PROVIDE BREAKDOWN OF FREIGHT RATE AS FOLLOWS:
A) OCEAN TRANSPORTATION
B) BULK DISCHARGE COST
C) INLAND TRANSPORTATION
D) LIGHTENING COST, IF APPLICABLE
10. FREIGHT RATES TO BE QUOTED PER M/T VESSEL LOAD WITH DEMURRAGE/DESPATCH /
BERTH TERMS DISCHARGE WITH NO DEMURRAGE/NO DESPATCH/NO DETENTION BASIS ONE LOADING PORT TO ONE DISCHARGING PORT, PLUS ADDITIONAL FREIGHT FOR EACH ADDITIONAL LOAD PORT, IF USED. OFFER REQUIRING ADDITIONAL CHARGE FOR LOAD OR DISCHARGE BERTH WILL NOT BE CONSIDERED RESPONSIVE TO THIS TENDER.
11. 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 PORTS
D. LOAD RATES
E. LAYDAYS
F. ETA AT LOAD PORT
G. FREIGHT RATE PER MT AND ADDITIONAL FREIGHT FOR
ADDITIONAL PORT(S)
H. DEMURRAGE-DESPATCH AT LOADPORT
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.
12. ONLY OFFERS OF NAMED VESSELS WITH FULL PARTICULARS PROVIDED 
WILL BE CONSIDERED.
13. NON-VESSELS OPERATING COMMON CARRIERS (NVOCC) MAY NOT BE 
EMPLOYED TO CARRY U.S. OR FOREIGN FLAG SHIPMENTS
14. 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.
15. 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.
16. NON U.S. FLAG VESSELS MUST BE REGISTERED HIGHEST IN LLOYDS OR EQUIVALENT
AND SHOULD NOT BE MORE THAN 20 YEARS OLD.
17. FOR U.S. FLAG VESSELS, OFFERS WILL NOT BE CONSIDERED IF THE VESSEL
OPERATOR HAS NOT PROVIDED THE MARITIME ADMINISTRATION WITH THE VESSEL'S COST PRIOR TO SUBMISSION OF OFFER.
18. OFFERS OF U.S. FLAG VESSEL MUST GUARANTEE THAT APPROVED FREIGHT RATES WILL
BE REDUCED TO A LEVEL NOT HIGHER THAN THE MARITIME ADMINISTRATION FAIR AND REASONABLE RATE IN THE EVENT THAT ORIGINALLY APPROVED VESSEL (INCLUDING TUG AND/OR BARGE)IS SUBSTITUTED BY A LOWER COST VESSEL.
FOR U.S. VESSELS LOADING LESS THAN A FULL CARGO, THE LESS THAN FULL CARGO,
FREIGHT RATE WILL BE SUBJECT TO A REDUCTION TO MEET ANY REVISED MARITIME ADMINISTRATION FREIGHT RATE GUIDELINE DUE TO VESSEL LOADING OTHER ADDITIONAL CARGO.
19. U.S. FLAG VESSELS WHICH REQUIRE PRIOR APPROVAL FROM THE MARITIME
ADMINISTRATION (MARAD) TO PARTICIPATE IN PREFERENCE CARGOES BECAUSE OF OPERATING DIFFERENTIAL SUBSIDY (DS) CONTRACTUAL CONSTRAINTS, OR BECAUSE OF REFLAGGING/FOREIGN CONSTRUCTION ELIGIBILITY ISSUES MUST OBTAIN SUCH MARAD 
APPROVAL PRIOR TO SUBMISSION OF BIDS.
20. 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.
21. ISM CODE: OWNERS GUARANTEE THAT THIS VESSEL COMPLIES FULLY WITH THE
INTERNATIONAL SAFETY MANAGEMENT (ISM) CODE, IF REQUIRED, AND IS IN POSSESSION OF A VALID DOCUMENT OF COMPLIANCE AND SAFETY MANAGEMENT CERTIFICATE AND WILL REMAIN SO FOR THE ENTIRETY OF HER EMPLOYMENT UNDER THIS CHARTER PARTY. OWNERS ARE TO PROVIDE CHARTERERS WITH SATISFACTORY EVIDENCE OF COMPLIANCE IF REQUIRED TO DO SO AND TO REMAIN FULLY RESPONSIBLE FOR ANY AND ALL CONSEQUENCES RESULTING DIRECTLY OR INDIRECTLY FROM ANY MATTER ARISING IN CONNECTION WITH THIS VESSEL AND THE ISM CODE.
22. SUBSTANDARD VESSELS: SECTION 408 OF THE 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).
23. FREIGHT PAYMENT WILL BE EFFECTED AS FOLLOWS:
A. 60 PERCENT OF FREIGHT WILL BE PAYABLE UPON NOTICE SATISFACTORY TO CHARTERERS OF VESSEL’S ARRIVAL AT FIRST PORT OF DISCHARGE, WHICH NOTICE WILL BE PART OF THE DOCUMENTATION REQUIRED TO BE PRESENTED BY CARRIER AS A CONDITION OF PAYMENT.
B. BALANCE 40 PERCENT OF FREIGHT WILL BE PAYABLE UPON CONFIRMATION FROM CHARTERERS THAT OWNERS HAVE FULFILLED THEIR RESPONSIBILITIES UNDER THIS CHARTER PARTY.
PLEASE NOTE PROVISION IN THE CHARTER PARTY REGARDING PAYMENT BY ELECTRONIC TRANSFER.
24. A BROKERAGE COMMISSION IS PAYABLE BY OWNERS ON GROSS FREIGHT, DEADFREIGHT,
AND DEMURRAGE. TWO-THIRDS OF 2.5 PERCENT TO BE PAID TO UNIVERSAL SHIPPING AND ONE-THIRD OF 2.5 PERCENT TO BE PAID TO OWNERS' BROKER, IF OWNER'S BROKER IS INVOLVED IN THE VESSEL FIXTURE, OR A FULL 2.5 PERCENT TO BE PAID TO UNIVERSAL SHIPPING IF THE VESSEL FIXTURE IS ARRANGED WITHOUT OWNERS' BROKER.
25. FURTHER DETAILS AND ADDITIONAL TERMS ARE SUBJECT TO THE TERMS AND
CONDITIONS OF NRECA INTERNATIONAL FOOD FOR PROGRESS BULK CARGOES/BOLIVIA PROFORMA CHARTER PARTY (AUGUST 2003) WHICH ARE AVAILABLE UPON REQUEST FROM UNIVERSAL SHIPPING CO.
26. CHARTERERS RESERVE THE RIGHT TO ACCEPT OR REJECT ANY AND/OR ALL OFFERS.
27. 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, TUESDAY, AUGUST 19, 2003, AND REMAIN VALID UNTIL CLOSE OF BUSINESS WASHINGTON, D.C. TIME, FRIDAY, AUGUST 22, 2003.
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, AUGUST 19, 2003, 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 SUBJECT IS LIFTED LATEST BY 1100 HOURS WASHINGTON, D.C. ON WEDNESDAY, AUGUST 20, 2003.

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