IFB NO. 05-033B
ZAMORANO FREIGHT TENDER DATED AUGUST 25, 2005
TENDER RESULTS

SUGAR EXPRESS - U.S. FLAG - BULK CARRIER BARGE
OWNER: ALLIED TRANSPORTATION COMPANY
CARGO: 9,220 MT BULK WHEAT
L/P: 1/3 SB EACH 1/2 SP U.S. GULF
D/P: 1/2 SB PUERTO CORTES, HONDURAS

FREIGHT RATE: USD 76.93 PMT BASIS HOUSTON, TX LOAD
ONE WAY RATE USD 62.69 PMT;
INCREASE RATE BY USD 9.60 PMT FOR LOADING ANY OTHER
U.S. GULF PORT; IF MISS. RVR. LOAD INCREASE BY USD 12.00 PMT;
FOR SECOND L/P INCREASE BY USD 10.25 PMT;

DEMURRAGE AT LP: USD 6,000 / HALF DESPATCH
DEMURRAGE AT DP: USD 6,000 / HALF DESPATCH