PLEASED TO GIVE OFFER FIRM FOLLOWING ND OWNRS COUNTER W/I 30MINS.

MV T.B.N
VESSEL'S DESCRIPTION
ALL DETAILS ABT

1. ACCOUNT : 
2. DELY : DLOSP 1 SP ..... PIOO ATDNSHINC
3. LAYCAN : 
4. PERIOD : ABT 11/13 MONTHS TC.  ABT MEANS +/- 15 DAYS MOLCO
   TRADING VIA SPS SBS SAS AA AWIWL WITH LAWFUL/HARMLESS CARGOES.
5. REDELY RANGE AS FOLLOW : (PORT IN CHRS OPTION)
   A) BOSTON/BAHIA BLANCA RANGE INCLUDING CHRISTOBAL/BRAZIL
      RANGE AND CARIBBEAN PORTS
   B) SKAW/PASSERO RANGE INCLUDING U.K./FULL MED
   C) MAPUTO/CAPETOWN RANGE
   D) BALBOA/VANCOUVER RANGE
   E) JAPAN/ADEN RANGE
6. CARGO EXCLUSION : PLS ADVISE OWNERS'
7. TRADING EXCLUSION : PLS ADVISE OWNERS'
8. HIRE U.S.$... DIOT PAYABLE 15 DAYS IN ADVANCE
9. PAYMENT : FIRST HIRE + VALUE OF B.O.D. TB PAID W/I 3 BANKG DAYS
   AFTER VLS DLY AND CHTRS RCPT OF ORIGINAL C/P N RELEVANT INVOICES
   BY TLX OR FAX IN SEOUL.  CHTRS ARE ENTITLED TO DEDUCT FROM LAST
   SUFFICIENT HIRE PAYMENTS EST OWNS' DISBT BUT MAX U.S.$      PER
   PORT AS WELL AS VALUE OF B.O.R.
10.ILOHC : U.S.$... LUMPSUM INCL DISPOSAL/REMOVAL OF DUNNAGE/
   LASHING MATERIALS/DEBRIS, BUT DUNNAGE USED NOT TO CONTAIN
   HARMFUL INSECTS PROHIBITED BY USA/CANADA/COUNTRIES OF CALL.
   OTHERWISE ANY EXTRA TIME/EXPENSES/COSTS DIRECTLY INCURRED
   DURING OR AFTER COMPLETION OF DISCHARGE TO BE FOR CHTRS ACCT.
11.U.S.$500 PER HOLD FOR INTERMEDIATE HOLD CLEANING, BUT OWNS/
   CREWS WILL NOT BE RESPONSIBLE FOR PASSING THE HOLD SURVEY FOR
   THE NEXT CGO.
12.U.S.$    PER MONTH OR PRO RATA FOR CABLE/VICT/ENTERTAINMENT.
13.OWNERS GTEE VSLS NOT BLACK LISTED BY TRADING COUNTRIES DUE TO
   VSLS FLAG/OWNERSHIP/OPERATORS/AGE AND WHATSOEVER.
14.VSL IS FREE FROM ASIAN GYPSY MOTH, ITS EGGS OR LARVAE.
   OWS GTEE VSL HAS NOT CALLED RUSSIAN PACIFIC OR SIBERIAN PORTS.
   OWS SHOULD BE RESPONSIBLE FOR ANY EXPENSES CAUSED DIRECTLY
   BY FAILING IN ASIAN GYPSY MOTH INSPECTION BOTH AT CANADIAN AND US
   PORTS.
   ANY EXPENSES INCURRED DIRECTLY THEREBY AT LOADING PORTS AND
   DISCH PORTS TO BE FOR OWS ACCT.
15.CHTRS HAVE OPTION TO CALL NAABSA AREA IN ARGENTINE/BRAZIL/ 
   COLOMBIA AND NORWAY PORTS ONLY WHERE SIMILIAR SIZED VSL
   CUSOMARILY LIE  SAFELY AGROUND.
16.CHTRS HAVE OPTION TO WELD PADEYES ON DECK/HCOVER/IN HOLDS AT
   CHTRS TIME/EXPNS N SAME TO BE REMOVED PRIOR TO REDELY O'WISE
   CHTRS HAVE OPTION TO REDEL VSL W/OUT REMOVAL PADEYES BY PAYING
   U.S.$5 PER EACH PADEYE.
   WELDING OPERATION SHOULD BE UNDER MASTER'S SUPERVISION AND
   SATISFACTION.
17.OWNES ALLOW CHTRS TO DISCH CGO W/OUT REPRESENTATION OF
   ORIGINAL BS/L N CHTRS PROVIDE LETTER OF INDEMNITY AS PER OWNS'
   PNI CLUB WORDINGS SIGNED BY CHTRS ONLY.
18.CHTRS A/O THEIR AGENTS HAVE OPTION TO SIGN BS/L ON BEHALF OF
   MASTER IN ACCORDANCE WITH MATE'S RECEIPTES W/OUT PREJUDICE TO
   THIS C/P.
19.CHTRS HAVE OPTION TO LOAD CGOES ON DECK/H.COVERS AT CHTRS
   TIME/EXPENSE/RISK.
20.TIME ON DELY/REDELY TO BE BASED ON GMT.
21.BUNKERS ON DELY TO BE ABT       MT IFO AND ABT     MT MDO.
   BUNKERS ON REDELY TO BE ABT SAME AS ON DELY.  PRICES AT BOTH END
   U.S.$   /MT IFO AND U.S.$   /MT MDO.
22.OWS GTEE THAT VSL'S H.COVERS ARE TO BE WATERTIGHT ALL
   THROUGHOUT THIS CHARTER PERIOD AND IF ANY H.COVER FOUND
   DETECTIVE, SAME TO BE RECTIFIED AT OWRS' TIME AND EXPS TO
   INDEPENDENT SURVEYORS' SATISFACTION.  CHTRS ALSO HAV THE RIGHT
   TO CARRY OUT HOSE TEST ON ALL HATCHES AT ANY TIME DURING THIS
   CHARTER.
23.VSL'S HOLDS ON DELY TO BE CLEAN/SWEPT/WASHED DOWN BY FW AND
   DRIED UP SO AS TO RCV CHTRS' INT CGOS IN ALL RESPECTS, FREE OF
   SALT, RUST SCALES AND PREVIOUS CGO RESIDUE TO THE SATISFACTION
   OF ON-HIRE SURVEYOR.
   THE ON-HIRE SURVEYOR MAY APPLY SILVER-NITRATE TEST TO CHECK ABV
   CONDITION AND IF THE VSL FAILS TO PASS ANY HOLD INSPECTION/TEST AS
   ABV, THE VSL SHOULD BE OFF-HIRE UNTIL THE VSL PASS THE SAME
   INSPECTION/TEST AGAIN, AND ANY EXP N TIME THEREBY OCCURRED TB        
   OWS ACCT.
24.OWD GTEE THAT VSL'S HOLDS ARE TO BE CLEAR OF ANY FITTING/SUPER
   STRUCTURES SUCH AS CARDECK CURTAIN PLATES, CNTR FITTING
   WHATSOEVER.
25.OWS GTEE TT VSL WAS NOT RELATION TO EX-YOGOSLAVIA IN VSL'S FLAG/
   OWNERSHIP/CREW/ETC.
26.ALL NEGO N EVENTUAL FIXTURE TO BE KEPT PNC.
27.IWL BREAKING OPTION :
   CHTRS HAVE THE OPTION TO BREAK IWL BUT ALWAYS WITH OWNS' PIROR
   CONSENT AND CHTRS TO PAY PREMIUM AGAINST UNDERWRITER'S INVOICE.
   HOWEVER IT IS UNDERSTOOD THAT SUCH PREMIUM IS NOT TO EXCEED THE
   COST OF EQUIVALENT COVER ON THE SAME VALUE WITH LLOYDS OF
   LONDON AT THE RELEVANT TIME.
28.USDA/NCB CLS :
   OWS GTEE THAT VSL FREE FROM ASIAN GYPSY MOTH AND NEVER CALLED
   CIS PACIFIC PORTS FOR LAST THREE YEARS OTHERWISE OWNERS TO BE
   RESPONSIBLE FOR ANY CONSEQUENCES CUASED DIRECTLY THEREFROM.
   FURTHERMORE OWNRS GTEE THAT VSL MEETS ALL NATIONAL CARGO
   BUREAU/UNITED STATES DEPARTMENT OF AGRICULTURE PLANT
   PROTECTION AND QUARANTINE OFFICE REGULATIONS.
29.VSL TO BE SUITABLE FOR LOADING GRAIN.  OWNERS WARRANT THAT VSL
   IS CLASSED/APPROVED AS FULL SINGLE DECK SELFTRIMING BULK CARRIER.
   VSL TO BE SUITABLE FOR GRAB DISCHARGE AND BULLDOZER OPERATIONS
   IN HOLDS UPTO MAX PERMISSIBLE TANKTOP STRENGTH.
   OWNS CONFIRM THAT VSL HAS ON BOARD AN APPROVED GRAIN LOADING
   PALNS FOR UNTRIMMED ENDS.
30.BIMCO ISM CLAUSE TO BE APPLIED.
31.BIMCO STANDARD YEAR 200 CLAUSE TO BE APPLIED.
32.THE STEEL SLABS ARE TO BE STOWED LOADED AND DISCHARGED STRICTLY
   IN ACCORDANCE WITH CUSTOM OF TRADE AND LOCAL REGULATIONS,
   INCLUDING VERTICAL BLOCK STOW, IF REQUIRED BY SHIPPERS/RECEIVER,
   THE CARGO IS TO BE PROPERLY DUNNAGED, CHOCKED UP, LASHED AND
   SECURED TO MASTER'S SATISFACTION AT CHARTERERS' RISK AND
   EXPENSE.  CHARTERERS MUST SUPPLY SUFFICIENT DUNNAGE, LASHING
   MATERIALS FOR LOADING SUCH CARGO.
33.DOUBLE-BANKING TO BE ALLOWED ASF FLWG WORDING:
   CHTRS HV RIGHT TO LET THE VSL TO LIE SAFELY ALONGSIDE OTHER VSL(S)
   /COASTER(S)/LIGHTER(S) AT THE SAFE DOCK OR SAFE WHARF OR SAFE
   PLACE (INCL SAFE ANCHORAGE) FOR TRANSHIPMENT AND/OR DISCHARGE OF
   CARGO AND/OR FOR BUNKERING. SUCH OPERATIONS TO BE CARRIED OUT/
   UNDER THE SUPERVISION WITH PRIOR PERMISSION OF MASTER WITH NOT
   TO BE UNREASONABLY WITHELD REGARDING THE GENERAL SAFETY FOR
   THE SUCH OPERATIONS. MASTER TO HAVE THE LIVERTY AT ANY TIME TO
   ORDER THE OTHER VSL(S)/COASTER(S)/LIGHTER(S) AWAY FROM HIS VSL OR
   REMOVE HIS OWN VESSEL BUT THE VESSEL TO ALWAYS REMAIN ON HIRE.
   CHTRS TO PROVIDE AT THEIR COST APPROPTIATE FENDER FOR SUCH
   OPERATION. TO MASTER'S SATISFACTION AND CHTRS TO TAKE NORMAL
   CUSTOMARY PRECAUTION FOR SUCH OPERATIONS.
34.COMM 3.75PCT HERE INCL 2.5 PCT ADD-COMM TO CHARTS
35.SUB DTLS BASED ON CHART'S P/F NYPE C/P.
36.SUB CHARTS BOD/HEAD CHART'S APPROVAL W/I 2 WORKING DYS AFMT.
-END FIRM OFFER.

ALSO PLEASE ADV THE FLWG CHTRS QUESTIONNAIRS BEFORE SUBJECT TIME :

CHARTERERS QUESTIONNAIRE
========================

1) NAME AND EX NAME :
2) BUILT YR/MOS     :
3) FLAG             :
4) TYPE             :
5) DWT N DRAFT IN
   SUMMER SALT      :
   WINTER SALT      :
   TROPICAL SALT    :
   FRESH            :
6) TPI/TPC (FULL/LIGHT) :
7) LOA/BEAM/DEPTH   :
8) LIGHT SHIP       :
9) HOLDWISE GRAIN/BALE CUBIC CAPA :
10) NO. OF HOLDS/HATCHES          :
11) HOLD SIZE (L X W X H)         :
    FLAT TANK TOP SIZE (LXW)      :
12) HATCH SIZE (L X W)            :
13) TYPE OF HATCH COVER           :
14) WATERLINE TO TOP OF HATCHCOAMING :
    FULL BLLST                    :
    HEAVY BLLST (INCL HOLD BALLAST)   :
15) GEAR NO./LOCATION/SWL         :
16) MAX OUTREACH OF CRANES WZ FULL SWL :
17) GRABS                         :
18) INTERNATIONAL GRT/NRT         :
    PANAMA GRT/NRT                :
    SUEZ GRT/NRT                  :
19) SPEED CONSUMPTION (LADEN/BLLST) :
20) IN PORT CONSUMPTION (IDLE/8HR/24HR WRK) :
21) BUNKER TANK CAPA              :
22) FRESH WATER PRODUCTION(DAILY) :
23) TANK CAPACITY                 :
24) TYPE MAIN ENGINE AND BHP      :
25) ITF                           :
26) CO2 FITTED                    :
27) AUSSIE HOLD LADDERS           :
28) H.OWS/DISP.OWS FULL STYLES    :
29) STRENGTHENED FOR HEAVY CGOES  :
30) PERMISSABLE LOAD (MT/M2) ON TANKTOP :
    UPPER DECK/HATCH COVERS       :
    FLOOR SPACE (M2) HOLD BY HOLD :
31) PEDESTAL HEIGHT OF DECK CRANE FM WEATHERDECK :
32) NATIONALITY OF OFFICERS/CREW  :
33) MASTER NAME                   :
34) H/M VALUE                     : USD
35) UNDERWRITERS                  :
36) OWNERS P N I CLUB             :
37) BUILT YARD                    :
38) HOME PORT                     :
39) CALL SIGN                     :
40) TLX                           :
41) INMARSAT  TEL/FAX             :
42) CLASS                         :
43) LAST 5 CGOES                  :
44) MAX CONSTANTS INCL F.WATER N STORES :
45) DWT ON VARIOUS DRAFTS (PER EVERY 50 CM)
    11.00 M / 10.50 M / 10.00 M / ----- / 6.50 M / 6.00 M