APRIL 2, 2002


GHANA FREIGHT TENDER DATED MARCH 21, 2002 - RESULTS

 PL 480 TITLE II CRS
 CCC: 2136
 FIXED W/ UNISHIPPING - M/V LITTLE ANGLES
 PANAMA FLAG GEARED BULK CARRIER
 CARGO: 9,570 MT BULK WHEAT
 PT CARGO IN COMB WITH BULK/BGD AGRI PRODS 
 AND/OR GENERALS TO WEST AFRICA
 L/P: 1/3 SB 1/2 SP USG 
 D/P: 1/2 SB TEMA, GHANA
 FREIGHT RATE: $ 33.75 PER MT BASIS 1 LP / 1 DP
 PLUS $ 2.00 PMT IF CARGO LOADS MISS. R.
 PLUS $ 1.50 PMT IF FOR EACH ADD'L LOAD BERTH USED   
 PLUS $ 2.00 PMT IF 2ND LOAD PORT IS USED   
 LAYCAN: MAY 1 - 10, 2002