OCTOBER 15, 2002

EL SALVADOR FREIGHT TENDER DTD OCT 3, 2002 - RESULTS 

SECTION 416(B)
IFB NO. ES-416(B)-02-052

CARGO (A): 16,065 MT WHEAT IN BULK (UP TO TWO GRADES / CLASSES)

M/V DONG CHANG HAI
PANAMA FLAG BULK CARRIER/LOGGER
OWNER: SAN JUAN NAVIGATION
LAYCAN: NOVEMBER 1-15, 2002 TBN TO A 10 DAY SPREAD AT CHOPT
L/P: 1/3 SB 1/2 SP USG 
DISCH: 1/2 SB ACAJUTLA, EL SALVADOR
FREIGHT RATE: $ 25.35 PER MT
PLUS $ 4.00 PMT FOR 2ND LOAD PORT IF USED


CARGO (B): 16,064 MT WHEAT IN BULK (UP TO THREE GRADES / CLASSES)

BG DIANE LUDWIG
U.S. FLAG GEARLESS BULK CARRIER BARGE
OWNER: TECO OCEAN SHIPPING, TAMPA
LAYCAN: NOVEMBER 15-30, 2002 TBN TO A 10 DAY SPREAD AT CHOPT
L/P: 1/3 SB 1/2 SP USG 
DISCH: 1/2 SB ACAJUTLA, EL SALVADOR
FREIGHT RATE: $ 71.75 PER MT
PLUS $ 3.50 PMT FOR 2ND LOAD PORT IF USED