SUDAN FREIGHT TENDER DATED MAY 12, 2005 - RESULTS PL 480 TITLE II - SAMARITAN'S PURSE CCC: 5845 USDA INV NO. 055 FIXED W/ LIBERTY SPIRIT SHIPPING CORPORATION VESSEL: M/V LIBERTY SPIRIT, US FLAG BULK CARRIER LOADPORT: JACINTOPORT (JACI) DISCHARGE PORT: MASSAWA, ERITREA CARGO AVAILABILITY: (A) JULY 10, 2005 (B-F) JULY 25, 2005 CARGOES: (A) REF NO.: SP-001-05 COMMODITY: CORN-SOY BLEND IN 25 KG BAGS CARGO: 190 NET METRIC TONS (VEPE01408) (B) REF NO.: SP-002-05 COMMODITY: CORN-SOY BLEND IN 25 KG BAGS CARGO: 1,340 NET METRIC TONS (VEPE01410) (C) REF NO.: SP-003-05 COMMODITY: LENTILS IN 50 KG BAGS CARGO: 450 NET METRIC TONS (VEP202732) (D) REF NO.: SP-004-05 COMMODITY: LENTILS IN 50 KG BAGS CARGO: 160 NET METRIC TONS (VEP202736) (E) REF NO.: SP-005-05 COMMODITY: LENTILS IN 50 KG BAGS CARGO: 10 NET METRIC TONS (VEP202730) (F) REF NO.: SP-006-05 COMMODITY: OIL - VEGETABLE, 6/4 L. ROUND CARGO: 490 NET METRIC TONS (VEPD04750) OCEAN FREIGHT RATE: OCEAN FREIGHT RATES BELOW ARE BASIS 1 LOAD PORT (JACINTOPORT) TO 1 DISCHARGE PORT (MASSAWA, ERITREA) AND BASED ON TOTAL QUANTITY CONTRACTED UNDER INV. 055 (RED SEA AND SOUTH/EAST AFRICA CARGOES) FOR SP, OTHER PVOs AND WFP, AS FOLLOWS: FOR PARCELS SP-001-05 THRU SP-005-05 (CSB AND LE) USD 150.60 PGMT BASIS 34,840-34,999 NMT USD 147.89 PGMT BASIS 35,000-35,999 NMT USD 145.34 PGMT BASIS 36,000-36,999 NMT USD 142.34 PGMT BASIS 37,000-37,999 NMT USD 140.63 PGMT BASIS 38,000-38,999 NMT USD 138.63 PGMT BASIS 39,000-39,589 NMT USD 137.89 PGMT BASIS 39,590 NMT FOR PARCEL SP-006-05 (VO), INCREASE THE ABOVE RATES BY USD 15.00 PGMT. FOR EACH ADDITIONAL DISCHARGE PORT, THE ABOVE RATES SHALL BE INCREASED BY LUMPSUM USD 45,000, WHICH LUMPSUM WILL BE PRO-RATED OVER THE ENTIRE QUANTITY CONTRACTED BY SP, OTHER PVOs, AND WFP UNDER THIS INV. 055 (RED SEA AND SOUTH/EAST AFRICA CARGOES). FIVE ADDITIONAL DISCHARGE PORTS (PORT SUDAN, DJIBOUTI, MOMBASA, DAR ES SALAAM, AND DURBAN) ARE SCHEDULED TO BE USED BY THIS VESSEL FOR THE DISCHARGE OF THE TOTAL QUANTITY CONTRACTED BY SP, OTHER PVOs, AND THE WFP UNDER THIS INV. 055 (RED SEA AND SOUTH/EAST AFRICA CARGOES). ANY ADDITIONAL PREMIUMS FOR DISCHARGE PORTS NOT INCLUDED ABOVE ARE SOLELY FOR THE ACCOUNT OF THE RESPECTIVE PVO OR THE WFP THAT UTILIZES SUCH DISCHARGE PORT OPTION.