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04-062B

Award October 8, 2004

GOVT OF NICARAGUA FREIGHT TENDER DTD SEPT 15, 2004 - RESULTS 

FOOD FOR PROGRESS

USDA NO. 04-062B-01

CARGO: 21,500 MT CORN IN BULK

OWNER: OCEAN BULKSHIPS, INC.
VESSEL: M/V OVERSEAS HARRIETTE
U.S. FLAG BULK CARRIER
LAYCAN: OCTOBER 10-20, 2004
L/P: 1/2 SB 1/2 SP USG 
D/P: 1/2 SB CORINTO, NICARAGUA

FREIGHT RATE: $ 45.98 PER MT
ADD USD 0.65 PMT EXTRA ON ENTIRE CARGO FOR MISS R. LOAD PORT, IF USED
ADD USD 2.00 PMT EXTRA ON ENTIRE CARGO FOR 2ND LOAD PORT, IF USED.

Tender September 16, 2004

Freight Tender: ISC,Food for Progress,Nicaragua,Corn

INTERNATIONAL SERVICES CORP., WASH., D.C., AS AGENT FOR THE
GOVERNMENT OF NICARAGUA (ENIMPORT), REQUESTS OFFERS OF U.S. AND NON-U.S. 
FLAG VESSELS TO TRANSPORT THE FOLLOWING CARGO(ES) UNDER FOOD FOR PROGRESS 
PROGRAM:
- IFB NO. 04-062B
- CARGO: APPROXIMATELY 21,500 MT CORN IN BULK.
- CARGO QUANTITY WILL BE CONTRACTED ON MIN/MAX BASIS.
- LAYCAN: OCTOBER 10-20, 2004
- OFFERORS SHOULD CONSIDER OFFERING VESSELS TO CARRY A WIDE RANGE OF 
TONNAGES TO ACCOMODATE THE PROGRAM NEEDS.
- IF OFFERORS PROPOSE TO COMBINE THE ABOVE CARGO WITH EL SALVADOR'S FOOD 
FOR PROGRESS WHEAT CARGO, NICARAGUA'S BULK CORN CARGO IS TO BE FIRST OUT.
- ANY ADDITIONAL COMPLETION CARGO(ES) MUST BE DULY SEPARATED, MUST BE 
COMPATIBLE AND NON-INJURIOUS TO NICARAGUA'S FOOD FOR PROGRESS CARGO(ES), 
MUST BE DETAILED IN OFFER OR APPROVED BY CHARTERERS/USDA IF CONTRACTED 
AFTER FIXTURE OF NICARAGUA'S FOOD FOR PROGRESS CARGO(ES). VESSEL'S 
ITINERARY AND GEOGRAPHIC PROXIMITY OF COMPLETION CARGO(ES) WILL BE TAKEN 
INTO CONSIDERATION BY CHARTERER/USDA IN APPROVAL OF SUCH PART CARGO(ES) IN 
ORDER NOT TO UNDULY IMPEDE DELIVERY OF NICARAGUA'S FOOD FOR PROGRESS 
CARGO(ES) TO CORINTO, NICARAGUA.
- OFFERS RECEIVED WITH LAYDAYS BEYOND CANCELLING DATE WILL NOT BE 
CONSIDERED.
- OFFERS OF NAMED VESSELS ONLY; NO VESSEL SUBSTITUTION IS PERMITTED
WITHOUT CHARTERER'S/USDA'S APPROVAL.
- ISM CODE COMPLIANCE: SEE PROFORMA CHARTER PARTY (C/P) CLAUSE 50 FOR FULL 
DETAILS.
- ISPS CODE REQUIREMENT: SEE PROFORMA C/P CLAUSE 52 FOR FULL DETAILS.
- SECTION 408 OF THE COAST GUARD AUTHORIZATION ACT OF 1998, PUBLIC LAW 
105-383 (46 U.S.C., PARAGRAPH 2302(E)), ESTABLISHES EFFECTIVE JANUARY 1, 
1999, WITH RESPECT TO NON-U.S. 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 ELECONTRONICALLY. AS THE CARGO ADVERTISED 
IN THIS IFB IS A GOVERNMENT IMPELLED (PREFERENCE) CARGO, OFFEROR MUST 
WARRANT THAT VESSEL(S) AND OWNER / OPERATOR ARE NOT DISQUALIFIED TO CARRY 
SUCH GOVERNMENT IMPELLED (PREFERENCE) CARGO(ES). SEE PROFORMA C/P
CLAUSE 32 FOR FULL DETAILS.
- OWNERS TO PROVIDE FOURTEEN (14) DAY PREADVICE OF VESSEL READINESS TO
LOAD. SEE PROFORMA C/P CLAUSE 2 FOR FULL DETAILS.
- DAILY VESSEL POSITION / STATUS REPORTS: SEE PROFORMA C/P CLAUSE 51 FOR 
FULL DETAILS.
- LOAD PORT(S): 1/2 SAFE BERTHS EACH 1/2 SAFE U.S. PORTS. OFFERORS SHOULD 
SPECIFY U.S. COASTAL RANGE OR RANGES AND/OR LOAD PORT(S) WHICH ARE 
APPLICABLE TO THEIR OFFER. FOR OFFERS BASIS U.S. GREAT LAKES UTILIZING 
FEEDER VESSELS, OFFER IS TO INCLUDE NAME AND DESCRIPTION OF FEEDER VESSELS.
SEE PROFORMA C/P CLAUSE 41 FOR LOAD RANGES CONSIDERED AS A SINGLE LOAD 
PORT.
- DISCHARGE PORT(S): 1/2 SAFE BERTH(S) CORINTO, NICARAGUA.
- 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
40,000 - 49,999.99 MT 10,000 MT PER DAY
50,000 MT AND ABOVE 12,000 MT PER DAY

TWEEN-DECKERS: THE LOAD GUARANTEE SHALL BE 3,000 MT PER DAY.
LASH BARGES: THE LOAD GUARANTEE SHALL NOT APPLY.
- DISCHARGING TERMS: THE CARGO IS TO BE DISCHARGED, FREE OF RISK AND 
EXPENSE TO THE VESSEL, AT THE AVERAGE RATE OF 2,500 TONS OF 2,204.6 POUNDS 
PER WEATHER WORKING DAYS OF 24 CONSECUTIVE HOURS, SATURDAYS AFTER NOON, 
SUNDAYS AND HOLIDAYS EXCEPTED, EVEN IF USED (WWDSATNOONSHEX EIU), ON THE 
BASIS OF THE BILL OF LADING QUANTITY. LASH/SEABEE BARGES: THE DISCHARGE 
GUARANTEE SHALL NOT APPLY. CHARTERER/RECEIVERS TO APPOINT AND PAY 
STEVEDORES AT PORTS OF DISCHARGE. BLEEDING OF BAGS, IF ANY, AT DISCHARGE 
PORT(S) AT OWNERS' EXPENSE AND TIME ACTUALLY USED NOT TO COUNT.
- VESSEL GEAR REQUIREMENTS: SEE PROFORMA C/P CLAUSE 49 FOR FULL DETAILS.
- VESSEL RESTRICTIONS AT CORINTO, NICARAGUA: SEE PROFORMA C/P CLAUSE 18 FOR 
FULL DETAILS.
- VESSEL TYPE EXCLUSIONS: TANKERS ARE EXCLUDED.
- NON-VESSEL OPERATING COMMON CARRIERS (NVOCC) MAY NOT BE EMPLOYED TO CARRY 
U.S. FLAG OR FOREIGN FLAG SHIPMENTS.
- DEMURRAGE/DESPATCH IS APPLICABLE AT LOAD AND DISCHARGE PORTS. OWNERS ARE 
TO SPECIFY DEMURRAGE/DESPATCH RATES IN THEIR OFFER. DESPATCH RATES MUST BE 
ONE-HALF OF DEMURRAGE RATES QUOTED. LAYTIME IS NON-REVERSIBLE.
- LAYTIME ACCOUNTS ARE TO BE SETTLED DIRECTLY BETWEEN OWNERS AND
COMMODITY SUPPLIER(S) AT LOAD PORT(S) AND BETWEEN CHARTERER AND OWNER AT 
DISCHARGE PORT(S). SEE PROFORMA C/P CLAUSE 9 FOR FULL DETAILS.
- VESSELS 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 
BULK CARRIERS (EXCLUDING TOWED BARGES), PUSH-MODE ITBS, AND TWEENDECKERS, 
THE RECIRCULATION METHOD OF FUMIGATION WILL BE UTILIZED. FOR TOWED BARGES, 
THE SURFACE METHOD OF FUMIGATION WILL BE UTILIZED. SEE BELOW REGARDING 
TWEEN-DECK VESSELS.
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.
AT THE DISCHARGE PORT AND UPON INSPECTION BY GOVERNMENT INSPECTORS, 
IF CARGO AND/OR VESSEL IS FOUND TO BE INFESTED AND PROVIDED CLEAN BILL(S) 
OF LADING WERE ISSUED, OWNERS WILL ARRANGE FOR THE CARGO TO BE FUMIGATED 
WITHIN 24 HOURS OF DISCOVERY OF SUCH INFESTATION. FUMIGATION COSTS IF
ANY ARE FOR OWNER'S (VESSEL'S) ACCOUNT, TIME COUNTING.
- FOREIGN FLAG VESSELS SHOULD NOT BE OLDER THAN 20 YEARS AND MUST BE
CLASSED HIGHEST IN LLOYD'S REGISTER OR ITS EQUIVALENT. DATE OF ORIGINAL 
CONSTRUCTION, NOT REBUILT DATE, TO GOVERN. ANY EXTRA INSURANCE ON ACCOUNT 
OF VESSEL'S AGE SHALL BE FOR OWNER'S ACCOUNT BUT NOT EXCEEDING NEW YORK 
MARKET RATES. ANY EXTRA INSURANCE ON ACCOUNT OF VESSEL'S FLAG, OWNERSHIP, 
TYPE, CONFIGURATION, CLASSIFICATION WILL BE FOR OWNER'S ACCOUNT, BUT NOT 
EXCEEDING NEW YORK MARKET RATES.
- VESSELS 15 YEARS AND OLDER, TOWED BARGES, AND PUSH-MODE ITB UNITS 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 THE 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.
- ONE WAY RATES MUST BE QUOTED IN ADDITION TO ROUND TRIP RATES FOR U.S. 
FLAG NON-LINER VESSELS WHOSE DATE OF ORIGINAL CONSTRUCTION EXCEEDS 15 YEARS 
FROM DATE AT FIXTURE.
- U.S. FLAG APPROVED RATES WILL BE REDUCED TO A LEVEL NO HIGHER THAN THE 
MARITIME ADMINISTRATION FAIR AND REASONABLE RATE IN THE EVENT THAT APPROVED 
VESSEL IS SUBSTITUTED BY A LOWER COST VESSEL TO THE U.S. GOVERNMENT 
(INCLUDING TUG AND/OR BARGE).
FOR U.S. FLAG 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.
- U.S. FLAG OFFERS WILL NOT BE CONSIDERED IF THE VESSEL OPERATOR HAS NOT 
PROVIDED THE MARITIME ADMINISTRATION WITH THE VESSEL'S COSTS PRIOR TO 
SUBMISSION OF OFFER.
- THE GOVERNMENT OF NICARAGUA RESERVES THE RIGHT TO ACCEPT OR REJECT 
OFFERS.
- OFFERS TO BE RECEIVED BY 1100 HRS WASH., D.C. TIME SEPTEMBER 20, 2004 AT 
THE OFFICE OF INTERNATIONAL SERVICES CORP., 1629 K STREET, N.W., SUITE 700, 
WASH., D.C. BY SEALED HAND DELIVERED LETTER OR TELEFAX (202) 296-1160. 
ONLY SEALED HAND DELIVERED OR FAX OFFERS RECEIVED PRIOR TO TENDER CLOSING 
TIME WILL BE ACCEPTED OR CONSIDERED. NO PHONE OFFERS WILL BE ACCEPTED. 
(OFFERORS ARE ENCOURAGED TO HAND DELIVER OFFERS TO INTERNATIONAL SERVICES 
CORP). OFFERS WILL BE OPENED IN PUBLIC AT THAT PLACE AND TIME. ONLY 
OFFERS WHICH ARE RESPONSIVE TO THIS IFB WILL BE CONSIDERED AND NO 
NEGOTIATION IS PERMITTED. U.S. FLAG OFFERS "SUBJECT OPEN" WILL ONLY BE 
CONSIDERED WHEN THE "SUBJECT OPEN" RESTRICTION IS LIFTED PRIOR TO 1100 HRS 
WASH., D.C. TIME SEPTEMBER 22, 2004. NO OFFERS OF NON-U.S. FLAG VESSELS 
WITH "SUBJECT OPEN" RESTRICTION WILL BE CONSIDERED.
- OFFERS TO REMAIN VALID UNTIL 1700 HRS WASH., D.C. TIME SEPTEMBER 23, 
2004.
- O'WISE: GOVERNMENT OF NICARAGUA'S CHARTER PARTY PROFORMA APPLICABLE TO 
FOOD FOR PROGRESS PROGRAM (VESSEL LOAD/FREE DISCHARGE - SEPTEMBER 2004).
- OFFERORS ARE ENCOURAGED TO PROVIDE THE FOLLOWING INFORMATION: VESSEL 
NAME / TYPE / FLAG / YEAR BLT / LOA / BEAM / DWT / DRAFT / GEAR / ETA AT 
LOAD AND DISCHARGE PORT/FULL STYLE OF OWNER.
- FREIGHT RATES TO BE QUOTED IN U.S. DOLLARS PER METRIC TON BASIS ONE 
LOADING PORT TO ONE DISCHARGING PORT, PLUS ADDITIONAL FREIGHT PER METRIC 
TON ON ENTIRE CARGO FOR EACH ADDITIONAL LOAD PORT IF USED.
- IF OWNERS INTEND TO LIGHTEN, THE OFFER SHOULD SPECIFY THE COST OF 
LIGHTENING, WHETHER PARTIAL OR FULL LIGHTENING. IF LIGHTENING IS NOT 
PERFORMED AT THE DISCHARGE PORT AND VESSEL DIRECTLY DISCHARGES AT BERTH, 
THE LIGHTENING COST WILL BE DEDUCTED FROM THE OCEAN FREIGHT.
- COPIES OF THE GOVERNMENT OF NICARAGUA'S CHARTER PARTY PROFORMA ARE
AVAILABLE UPON REQUEST TO INTERNATIONAL SERVICES CORP.
- COMMISSION: 2.5 PCT ON FREIGHT / DEADFREIGHT TO CHARTERER'S AGENT IF 
OFFERED DIRECT; IF BROKER INVOLVED, 2/3 OF 2.5 PCT TO CHARTERER'S AGENTS 
AND 1/3 OF 2.5 PCT TO BROKER.
- ALL FIXTURES ARE SUBJECT APPROVAL BY USDA.
- FOR FURTHER INFORMATION CALL INTERNATIONAL SERVICES CORP., WASH.,
DC TELEPHONE 202-785-3400 OR FAX NO. 202-296-1160 OR
EMAIL: mail@isc-pci.com, WEB SITE: www.isc-pci.com

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