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ER-5005
Eritrea Bulk Wheat under P.L. 480 Title I
Award
Following are Fixture Results for Title I Bulk
Wheat to Eritrea under PA No.
5005:
1. Vessel: U.S. Flag Tanker SAG RIVER
Owner: August Trading
Cargo: 39,500 MT Max 5% less Owner's Option Bulk Wheat Plus BNT
Loading: 1/2 SB 1 SP U.S. NORPAC
Discharging: 1/2 SB Massawa, Eritrea
Laydays: August 17-27, 2002
Frt Rate: $80.11 per MT basis 1/1 load/disch port
basis loading at Kalama Export Elevator, a/o at
United Harvest
Elevator, and/or at Cargill Irving Elevator
Plus $1.50 per MT for all other elevators
2. Vessel: Greek Flag ALPHA FAITH
Owner: Copenship A/S
Cargo: 13,166 MT Max 5% less Owner's Option Bulk Wheat Plus BNT
Loading: 1/2 SB 1 SP U.S. NORPAC
Discharging: 1/2 SB Massawa, Eritrea
Laydays: September 17-27, 2002
Frt Rate: $56.38 per MT basis 1/1 load/disch port
ER-5005
Freight Tender: Eritrea Bulk Wheat under P.L. 480 Title I
Tender
UNIVERSAL SHIPPING COMPANY, INC. AS AGENT FOR THE GOVERNMENT OF ERITREA,
REQUESTS OFFERS OF U.S. AND NON U.S. FLAG GEARED AND GEARLESS VESSELS TO
LIFT THE FOLLOWING CARGO UNDER PL-480, TITLE I, REGULATIONS AND PURCHASE
AUTHORIZATION NO. ER-5005.
1. COMMODITY: WHEAT IN BULK
2. QUANTITIES/LAYDAYS:
QUANTITIES LAYDAYS
--------- -------
A. UPTO 40,000 MT AUGUST 17-27, 2002
B. UPTO 20,000 MT SEPTEMBER 17-27, 2002
-QUANTITY OFFERED TO BE MAXIMUM 5 PERCENT LESS OWNERS
OPTION.
-WHEAT IS TO BE ACCOMPANIED WITH 105 PERCENT EMPTY BAGS/NEEDLES AND
TWINE TO BE CARRIED FREIGHT FREE. EMPTY BAGS, NEEDLES AND TWINE ARE TO BE
DELIVERED TO OWNERS OR THEIR APPOINTED AGENTS FREE ALONGSIDE (F.A.S.)
POINT OF REST (UNDER COVER) AT OWNERS’ DESIGNATED LOAD BERTH. OWNERS ARE
TO NOMINATE LOAD BERTH(S) FOR THE EMPTY BAGS WITHIN FORTY-EIGHT (48) HOURS
AFTER RECEIPT OF CHARTERERS’ NOMINATION OF LOAD PORT(S) FOR THE CARGO.
OWNERS’ DESIGNATED LOAD BERTH MUST PROVIDE A POINT OF REST WITH UNDER
COVER PROTECTION FROM THE WEATHER FOR THE EMPTY BAGS. OWNERS WILL BE
RESPONSIBLE FOR ANY/AND ALL COSTS ASSOCIATED WITH PLACING THE EMPTY BAGS
ABOARD THE VESSEL FROM THEIR F.A.S. POINT OF REST (UNDER COVER). EMPTY
BAGS, NEEDLES AND TWINE, WILL BE TRANSPORTED ON VESSEL TO DESTINATION(S)
FREIGHT FREE.
-OFFERORS SHOULD CONSIDER OFFERING VESSELS TO CARRY A RANGE OF TONNAGES IN
THE EVENT THAT THE QUANTITIES PURCHASED ARE MORE OR LESS THAN THE
QUANTITIES STATED IN THIS TENDER.
-IF PART CARGO, (FOR LAYDAYS AUGUST 17-27 - ERITREA CARGO TO BE LAST IN FIRST
OUT), ERITREA BULK WHEAT TO BE STOWED IN SEPARATE HOLDS, AND OTHER
PART CARGO MUST BE COMPATIBLE AND NON-INJURIOUS TO ERITREA’S TITLE I BULK
WHEAT AND ALL PART CARGO IS SUBJECT TO CHARTERERS AND USDA’S APPROVAL.
3. LOADING: 1/2 SAFE BERTH(S) EACH 1/2 SAFE U.S. PORT(S) OR CANADIAN
TRANSHIPMENT POINTS.
4. DISCHARGING: 1/2 SAFE BERTH(S) MASSAWA, ERITREA.
VESSEL'S LOA NOT TO EXCEED 187 METERS.
FOR YOUR INFORMATION ONLY AND WITHOUT GUARANTEE, THE DRAFT
FOR THE PORT OF MASSAWA:
FOR LOA UP TO 170 M FWD 8.5 M AFT 9.3 M HEAD IN
FOR LOA UP TO 187 M FWD 8.4 M AFT 8.7 M HEAD OUT
FOR LOA UP TO 173 M FWD 7.9 M AFT 8.2 M HEAD IN
5. TERMS: VESSEL LOAD/FREE OUT.
6. LOAD/DISCHARGE RATE(S):
LOAD: 5,000 MT PER WWDSSHEX EIU FOR BULK CARRIERS AND
3,000 MT PER WWDSSHEX EIU FOR MULTIDECKERS AND TANKERS
DISCHARGE: 1,200 MT PER DAY PER WWDSSHEX EIU
FOR LASH-SEABEE BARGES NO LOAD OR DISCHARGE RATE, NO DEMURRAGE, NO
DESPATCH, NO DETENTION CHARGES TO BE APPLIED AND SAME TO BE LOADED
AND DISCHARGED IN REGULAR TURN WITHOUT UNDUE DELAY.
7. VESSEL TYPE RESTRICTIONS: TOWED BARGES ARE EXCLUDED.
INTEGRATED TUG/BARGE (ITB) UNITS WILL BE CONSIDERED.
8. VESSEL GEAR MUST BE CAPABLE OF OPERATING RECEIVER'S DISCHARGING EQUIPMENT
(GRABS) AND MUST MEET ALL REQUIREMENTS/REGULATIONS OF MASSAWA PORT
AUTHORITY.
GEARLESS VESSELS MUST SUPPLY DISCHARGING EQUIPMENT AT EACH HATCH IN WHICH
CARGO IS LOADED AT OWNERS EXPENSE. SUCH EQUIPMENT TO BE CAPABLE OF
DISCHARGING CARGO AT A RATE AT LEAST EQUIVALENT TO THE DISCHARGE RATE
STATED ABOVE AND DISCHARGING EQUIPMENT MUST MEET ALL REQUIREMENTS/
REGULATIONS OF MASSAWA PORT AUTHORITY.
CARGO WILL BE DISCHARGED DIRECTLY INTO BAGGING MACHINES. MECHANICAL OR
HYDRAULIC HATCH COVERS OR RAIN TENTS ARE REQUIRED ON ALL HATCHES.
9. LIGHTENING, IF REQUIRED, TO BE AT VESSEL OWNERS TIME RISK AND EXPENSE.
LIGHTENING, IF REQUIRED, IS TO BE PERFORMED IN THE PORT OF MASSAWA,
ERITREA ONLY. LIGHTENING VESSEL(S) MUST MEET ALL TENDER AND MASSAWA PORT
AUTHORITY REQUIREMENTS. COST OF LIGHTENING TO BE STIPULATED IN THE OFFER
(REFER TO CLAUSE 67 OF PROFORMA C/P). IN THE EVENT LIGHTENING IS NOT
PERFORMED AT THE DISCHARGE PORT, SAID LIGHTENING COSTS SHALL BE DEDUCTED
FROM THE FREIGHT.
10. VESSEL MUST BE ABLE TO BE FUMIGATED WITH AN ALUMINUM PHOSPHIDE PREPARATION
IN-TRANSIT IN ACCORDANCE WITH THE USDA/FGIS FUMIGATION HANDBOOK AND
VESSELS THAT CANNOT BE SO FUMIGATED WILL NOT BE CONSIDERED. AT FINAL
LOADING PORT,COMMODITY SUPPLIER WILL ARRANGE AND PAY FOR IN-TRANSIT
FUMIGATION PERFORMED BY A CERTIFIED APPLICATOR IN ACCORDANCE WITH THE
USDA, FGIS FUMIGATION HANDBOOK. FUMIGATION MUST BE WITNESSED BY FGIS,
USDA, AND THE ALUMINUM PHOSPHIDE PREPARATION MUST BE CONTAINED IN
PACKAGING AS DESCRIBED IN THE FUMIGATION HANDBOOK. DUST RETAINERS MUST
BE USED. FOR TWEENDECKERS AND BULK CARRIERS (INCLUDING PUSH-MODE ITB),THE
RECIRCULATION METHOD OF FUMIGATION WILL BE USED. FOR TANKERS, SURFACE
APPLICATION WILL BE USED.
TWEEN-DECK VESSELS WILL BE CONSIDERED PROVIDED THEY ARE ACCEPTABLE FOR
IN-TRANSIT FUMIGATION IN ACCORDANCE WITH FGIS FUMIGATION HANDBOOK. OFFERS
OF SUCH TWEEN-DECK VESSELS MUST BE ACCOMPANIED BY A COPY OF A LETTER FROM
FGIS, USDA, STATING THAT THE VESSEL CAN BE FUMIGATED UNDER THE FGIS
IN-TRANSIT FUMIGATION PROCEDURES. IN ADDITION, TWEEN-DECK VESSELS ARE ACCEPTABLE
ONLY WHEN A CERTIFIED APPLICATOR STATES THAT THE VESSEL HAS BEEN INSPECTED AND
FOUND TO BE SUITABLE FOR FUMIGATION AND
SUCH WRITTEN STATEMENT FROM CERTIFIED APPLICATOR SHOULD BE SUBMITTED WITH
OFFER.
11. AT THE DISCHARGE PORT AND UPON INSPECTION BY GOVERNMENT/RECEIVERS
INSPECTORS, IF CARGO AND/OR VESSEL IS FOUND TO BE INFESTED, AND PROVIDED
CLEAN BILLS OF LADING WERE ISSUED, FUMIGATION COSTS, IF ANY, ARE FOR
OWNERS (VESSELS) ACCOUNT, AND TIME USED IS TO COUNT FOR U.S. FLAG VESSELS;
AND NOT TO COUNT FOR NON U.S. FLAG VESSELS.
12. FREIGHT RATE TO BE QUOTED PER METRIC TON BASIS VESSEL LOAD/FREE OUT ONE
LOADING PORT TO ONE DISCHARGING PORT. ADDITIONAL FREIGHT CHARGE MUST BE
STATED FOR ADDITIONAL LOADING PORT(S) AND WILL BE CONSIDERED IN
DETERMINING LOWEST LANDED COST IN THOSE SITUATIONS WHERE COMMODITIES ARE
LIKELY TO BE LOADED AT MORE THAN ONE PORT.
13. FREIGHT OFFERS SHOULD NOT CONTAIN A "DETENTION RATE". FREIGHT
OFFERS WILL
NOT BE CONSIDERED NON RESPONSIVE SOLELY BECAUSE A DETENTION RATE WAS GIVEN
HOWEVER THE RELATED CHARTER PARTIES AND LINER BOOKING CONTRACTS MAY NOT
CONTAIN A DETENTION RATE.
14. OFFERS SUBMITTED UNDER THIS INVITATION ARE REQUIRED TO HAVE A CANCELING
DATE NO LATER THAN THE LAST CONTRACT LAYDAYS AS ABOVE. VESSELS WHICH ARE
OFFERED WITH CANCELING DATE BEYOND THE LAYDAYS SPECIFIED ABOVE WILL NOT BE
CONSIDERED.
15. DEMURRAGE/DESPATCH RATES ARE TO BE STIPULATED IN OFFER WITH DESPATCH RATES
TO BE ONE-HALF THE DEMURRAGE RATES.
16. LAYTIME WILL BE NON-REVERSIBLE FOR U.S. FLAG VESSELS AND REVERSIBLE FOR
NON U.S. FLAG VESSELS.
LAYTIME ACCOUNTS AT LOADPORT:
FOR U.S. FLAG VESSELS: LAYTIME ACCOUNTS ARE TO BE SETTLED DIRECTLY
BETWEEN OWNERS AND COMMODITY SUPPLIER(S). UNDER NO CIRCUMSTANCES SHALL
CHARTERER OR USDA BE RESPONSIBLE FOR RESOLVING DISPUTES INVOLVING THE
CALCULATION OF LAYTIME OR THE PAYMENT OF DEMURRAGE OR DESPATCH BETWEEN
THE VESSEL OWNERS AND THE COMMODITY SUPPLIER(S).
FOR NON U.S. FLAG VESSELS: LAYTIME ACCOUNTS ARE TO BE SETTLED DIRECTLY
BETWEEN CHARTERERS AND VESSEL OWNERS. UNDER NO CIRCUMSTANCES SHALL USDA BE
RESPONSIBLE FOR RESOLVING DISPUTES INVOLVING THE CALCULATION OF LAYTIME OR
THE PAYMENT OF DEMURRAGE OR DESPATCH BETWEEN THE CHARTERERS AND VESSEL
OWNERS.
LAYTIME ACCOUNTS AT DISCHARGE PORT:
FOR U.S. AND NON U.S. FLAG VESSELS: LAYTIME ACCOUNTS ARE TO BE SETTLED
DIRECTLY BETWEEN CHARTERERS AND OWNERS. UNDER NO CIRCUMSTANCES SHALL USDA
BE RESPONSIBLE FOR RESOLVING DISPUTES INVOLVING THE CALCULATION OF LAYTIME
OR THE PAYMENT OF DEMURRAGE OR DESPATCH BETWEEN THE CHARTERERS AND VESSEL
OWNERS.
Frt Tender Part Two: Eritrea Bulk Wheat under P.L. 480 Title I
17. NON U.S. FLAG VESSELS MUST BE REGISTERED HIGHEST IN LLOYDS OR EQUIVALENT
AND SHOULD NOT BE MORE THAN 20 YEARS OLD.
18. ANY EXTRA INSURANCE ON CARGO AND FREIGHT DUE TO VESSELS AGE, CLASS, TYPE,
FLAG OR OWNERSHIP OF THE VESSEL IS TO BE FOR OWNERS ACCOUNT, BUT NOT TO
EXCEED NEW YORK MARKET RATES FOR U.S. FLAG VESSELS AND LONDON MARKET
RATES FOR NON U.S. FLAG VESSELS.
OWNERS OF TUG-BARGE MUST ALSO HAVE TOW ARRANGEMENT DULY INSPECTED AND
CERTIFIED BY THE SALVAGE ASSOCIATIONS INSPECTOR AT OWNERS EXPENSE.
19. VESSELS MUST HAVE ALL OPENINGS TO CARGO SPACES AND HATCH COVERS SUITABLY
SEALED WITH TAPE OR BY OTHER MEANS TO ASSURE WATER TIGHT INTEGRITY. THE
SEALING SHALL BE DONE TO THE SATISFACTION OF NCB SURVEYOR AS ATTESTED BY
CERTIFICATION OF SPECIAL SURVEY. ALL OF THE ABOVE TO BE PERFORMED AT
VESSEL'S TIME, RISK, AND EXPENSE. SPECIAL SURVEY CERTIFICATE WILL BE
REQUIRED AS A CONDITION OF FREIGHT PAYMENT. SEALING OF HATCHES/OPENINGS
AND SPECIAL NCB CERTIFICATE IN NO WAY DIMINISHES OWNERS RESPONSIBILITY AND
LIABILITY TOWARD THE CARGO.
20. OWNERS TO GIVE TEN (10) DAYS PRE-ADVICE OF VESSELS ARRIVAL AT LOADPORT TO
UNIVERSAL SHIPPING COMPANY, INC.
21. CARGO SHALL NOT BE LOADED INTO DEEP/WING TANKS AND OTHER SPACES WHICH ARE
NOT DIRECTLY ACCESSIBLE TO GRAB DISCHARGE.
22. U.S. FLAG APPROVED FREIGHT RATE(S) WILL BE REDUCED TO A LEVEL NOT HIGHER
THAN THE MARITIME ADMINISTRATION FAIR AND REASONABLE RATE IN THE EVENT
THAT ORIGINALLY APPROVED VESSEL IS SUBSTITUTED BY A LOWER COST VESSEL.
ONE WAY RATE MUST BE QUOTED IN ADDITION TO ROUND TRIP RATE FOR U.S. NON
LINER VESSELS WHOSE DATE OF ORIGINAL "REPEAT" ORIGINAL (NOT REBUILT
DATE)
CONSTRUCTION EXCEEDS 15 YEARS FROM DATE OF FIXTURE.
FREIGHT RATE FOR U.S. FLAG VESSELS OFFERING BASIS FULL CARGO BUT LOADING
LESS THAN A FULL CARGO, THE LESS THAN FULL CARGO FREIGHT RATE WILL BE
SUBJECT TO A REDUCTION TO MEET ANY REVISED MARAD FREIGHT RATE GUIDELINE
DUE TO VESSEL LOADING OTHER ADDITIONAL CARGO.
OFFERS OF U.S. FLAG VESSELS WILL NOT BE CONSIDERED IF THE VESSEL OPERATOR
HAS NOT PROVIDED THE MARITIME ADMINISTRATION WITH THE VESSEL COSTS PRIOR
TO SUBMISSION OF THE OFFER.
U.S. FLAG VESSELS OFFERED SUBJECT TO MARAD APPROVAL WILL NOT BE
CONSIDERED. IF MARAD APPROVAL OF VESSEL IS REQUIRED, SAME MUST BE
OBTAINED BEFORE SUBMISSION OF OFFERS.
23. OFFERS RECEIVED SHALL BE CONSIDERED TO WARRANT THAT THE OFFERED VESSEL IS
FREE FROM ANY LIEN AND ENCUMBRANCE FULLY INSURED AND ENTERED IN A P AND I CLUB.
24. SUCCESSFUL BIDDERS SHALL FURNISH TO THE CHARTERERS OR THEIR AGENT WITHIN
FIVE (5) WORKING DAYS AFTER RECEIPT OF CONFIRMATION OF THE FIXTURE, A
PERFORMANCE BOND IN THE FORM OF A CERTIFIED CHECK OR CASHIERS CHECK OR A
CONFIRMED IRREVOCABLE LETTER OF CREDIT ISSUED BY A PRIME U.S. BANK IN
FAVOR OF THE EMBASSY OF ERITREA C/O UNIVERSAL SHIPPING COMPANY, INC. IN
AN AMOUNT EQUIVALENT TO FIVE (5) PERCENT OF THE OCEAN FREIGHT. THIS
AMOUNT IS COLLECTIBLE AGAINST A STATEMENT FROM THE CHARTERERS OR THEIR
AGENTS THAT THE VESSEL OWNERS FAILED TO PRESENT THE VESSEL PASSED AND
READY IN ALL RESPECTS TO COMMENCE LOADING WITHIN THE AGREED
LAYDAYS. UNDER NO CIRCUMSTANCES IS THE PERFORMANCE BOND TO BE
CONSIDERED THE MAXIMUM LIABILITY OF LIQUIDATION OF DAMAGES INCURRED.
SUCH BOND SHALL BE RETURNED/CANCELED UPON PRESENTATION AND ACCEPTANCE
OF VESSEL'S NOTICE OF READINESS AT THE FIRST OR SOLE LOADPORT.
25. OFFERS OF NAMED VESSELS ONLY, NO VESSEL SUBSTITUTION IS PERMITTED WITHOUT
CHARTERER'S/USDA'S APPROVAL.
26. ISM CODE: OWNERS GUARANTEE THAT THIS VESSEL COMPLIES FULLY WITH THE
INTERNATIONAL SAFETY MANAGEMENT (ISM) CODE, IF REQUIRED, AND IS IN
POSSESSION OF A VALID DOCUMENT OF COMPLIANCE AND SAFETY MANAGEMENT
CERTIFICATE AND WILL REMAIN SO FOR THE ENTIRETY OF HER EMPLOYMENT UNDER
THIS CHARTER PARTY. OWNERS ARE TO PROVIDE CHARTERERS WITH SATISFACTORY
EVIDENCE OF COMPLIANCE IF REQUIRED TO DO SO AND TO REMAIN FULLY
RESPONSIBLE FOR ANY AND ALL CONSEQUENCES RESULTING DIRECTLY OR INDIRECTLY
FROM ANY MATTERS ARISING IN CONNECTION WITH THIS VESSEL AND THE ISM CODE.
27. SUBSTANDARD VESSELS: SECTION 408 OF THE COAST GUARD AUTHORIZATION ACT OF
1998, PUBLIC LAW 105-383 (46 USC PARAGRAPH 2302(E)), ESTABLISHES EFFECTIVE
JANUARY 1, 1999, WITH RESPECT TO NON-US FLAG VESSELS AND OPERATORS/OWNERS,
THAT SUBSTANDARD VESSELS AND VESSELS OPERATED BY OPERATORS/OWNERS OF
SUBSTANDARD VESSELS ARE PROHIBITED FROM THE CARRIAGE OF GOVERNMENT
IMPELLED (PREFERENCE) CARGOES(ES) FOR UP TO ONE YEAR AFTER SUCH
SUBSTANDARD DETERMINATION HAS BEEN PUBLISHED ELECTRONICALLY. AS THE CARGO
ADVERTISED IN THIS IFB IS A GOVERNMENT IMPELLED (PREFERENCE) CARGO,
OFFERORS MUST WARRANT THAT VESSEL(S) AND OWNERS/OPERATORS ARE NOT
DISQUALIFIED TO CARRY SUCH GOVERNMENT IMPELLED (PREFERENCE) CARGOES).
28. OFFERORS ARE ENCOURAGED TO INCLUDE ALL INFORMATION AS LISTED BELOW AND IN
THE FORMAT AS FOLLOWS:
A. VESSEL NAME, FLAG, YEAR BUILT, VESSEL TYPE, DWT, HOLDS,
HATCHES(SIZES), GEAR, LOA, BEAM, SPEED, CLASS, OWNERS
NAME, SALT WATER ARRIVAL DRAFT AT DISPORT
B. CARGO
C. LOAD/DISCHARGE PORTS
D. LOAD/DISCHARGE RATES
E. LAYDAYS
F. ETA AT LOAD PORT
G. FREIGHT RATE PER MT AND ADDITIONAL FREIGHT FOR
ADDITIONAL PORT(S)
H. DEMURRAGE-DESPATCH
I. TRANSIT TIME AND PORTS OF CALL IN TRANSIT, IF ANY
J. COMMISSIONS
K. TERMS
L. REMARKS
M. NAME AND TELEPHONE NUMBER OF CONTACT PERSON.
29. ALL OFFERS AND SUBSEQUENT AWARDS OF CONTRACTS WILL BE SUBJECT TO THE
PROVISIONS OF P.A. NO. ER-5005 AND TITLE I, PL 480 AND THE RULES AND
REGULATIONS PURSUANT THERETO.
30. OFFERS MUST BE SUBMITTED BASIS CURRENT ERITREAN GOVERNMENT PROFORMA
CHARTER PARTY FOR BULK WHEAT (NORGRAIN 89 ADAPTED BY THE GOVERNMENT OF
ERITREA JULY 2002) AND THIS IFB.
31. FREIGHT PAYMENT: PAYMENT OF ONE HUNDRED PERCENT (100%) OF THE FREIGHT WILL
BE MADE IN ACCORDANCE WITH TERMS OF THE C/P WHEN THE VESSEL/CARGO ARRIVE
AT THE FIRST OR SOLE PORT OF DISCHARGE.
32. BROKERAGE COMMISSION IS PAYABLE BY OWNERS ON GROSS FREIGHT, DEADFREIGHT,
AND DEMURRAGE TO UNIVERSAL SHIPPING, CO. AS FOLLOWS: NON U.S. FLAG OFFERS
- 2.5 PERCENT; U.S. FLAG OFFERS - 2.5 PERCENT IF THE FIXTURE IS ARRANGED
WITHOUT OWNER'S BROKER AND IF OWNERS' BROKER IS INVOLVED IN THE U.S. FLAG
VESSEL FIXTURE, 2/3RDS OF 2.5 PERCENT IS PAYABLE TO UNIVERSAL SHIPPING AND
1/3RD OF 2.5 PERCENT IS PAYABLE TO OWNERS' BROKER.
33. OFFERS TO BE RECEIVED BY:
UNIVERSAL SHIPPING COMPANY, INC.
2300 CLARENDON BLVD., SUITE 1004
ARLINGTON, VA 22201
TELEPHONE: 202-298-6100 OR 703-522-5780
FAX: 703-522-9417
U.S. AND NON U.S. FLAG OFFERS WILL BE OPENED IN PUBLIC AT UNIVERSAL
SHIPPING CO. OFFICE AT 1430 HOURS WASHINGTON, D.C. TIME, FRIDAY, AUGUST 2, 2002,
AND REMAIN VALID UNTIL CLOSE OF BUSINESS WASHINGTON, D.C. TIME, WEDNESDAY,
AUGUST 7, 2002.
OFFERS WILL NOT BE ACCEPTED BY TELEPHONE. ONLY OFFERS WHICH
ARE RESPONSIVE TO THIS TENDER WILL BE CONSIDERED, AND NO
NEGOTIATION IS PERMITTED. CHARTERERS RESERVE THE RIGHT TO
ACCEPT OR REJECT ANY OR ALL OFFERS.
IF A FAX OFFER IS CONNECTED TO OUR FAX MACHINE BEFORE 1430 HRS WASHINGTON,
D.C. TIME, AS PRINTED ON OFFER (BASED ON EASTERN STANDARD/EASTERN DAYLIGHT
SAVING TIME, AS APPROPRIATE) AND CONTINUES TRANSMITTING PAST 1430
HOURS UNTIL COMPLETION, CHARTERERS WILL CONSIDER THE OFFER AS IF IT HAD
COMPLETED TRANSMITTING BEFORE 1430 HOURS, HOWEVER, CHARTERERS WILL NOT
CONSIDER ANY FAX OFFER WHICH CONNECTS TO OUR FAX MACHINE AFTER 1430 HOURS.
Tender
UNIVERSAL SHIPPING COMPANY, INC. AS AGENT FOR THE GOVERNMENT OF ERITREA,
REQUESTS OFFERS OF U.S. AND NON U.S. FLAG GEARED AND GEARLESS VESSELS TO
LIFT THE FOLLOWING CARGO UNDER PL-480, TITLE I, REGULATIONS AND PURCHASE
AUTHORIZATION NO. ER-5005.
1. COMMODITY: WHEAT IN BULK
2. QUANTITIES/LAYDAYS:
QUANTITIES LAYDAYS
--------- -------
A. UPTO 40,000 MT AUGUST 17-27, 2002
B. UPTO 20,000 MT SEPTEMBER 17-27, 2002
-QUANTITY OFFERED TO BE MAXIMUM 5 PERCENT LESS OWNERS
OPTION.
-WHEAT IS TO BE ACCOMPANIED WITH 105 PERCENT EMPTY BAGS/NEEDLES AND
TWINE TO BE CARRIED FREIGHT FREE. EMPTY BAGS, NEEDLES AND TWINE ARE TO BE
DELIVERED TO OWNERS OR THEIR APPOINTED AGENTS FREE ALONGSIDE (F.A.S.)
POINT OF REST (UNDER COVER) AT OWNERS’ DESIGNATED LOAD BERTH. OWNERS ARE
TO NOMINATE LOAD BERTH(S) FOR THE EMPTY BAGS WITHIN FORTY-EIGHT (48) HOURS
AFTER RECEIPT OF CHARTERERS’ NOMINATION OF LOAD PORT(S) FOR THE CARGO.
OWNERS’ DESIGNATED LOAD BERTH MUST PROVIDE A POINT OF REST WITH UNDER
COVER PROTECTION FROM THE WEATHER FOR THE EMPTY BAGS. OWNERS WILL BE
RESPONSIBLE FOR ANY/AND ALL COSTS ASSOCIATED WITH PLACING THE EMPTY BAGS
ABOARD THE VESSEL FROM THEIR F.A.S. POINT OF REST (UNDER COVER). EMPTY
BAGS, NEEDLES AND TWINE, WILL BE TRANSPORTED ON VESSEL TO DESTINATION(S)
FREIGHT FREE.
-OFFERORS SHOULD CONSIDER OFFERING VESSELS TO CARRY A RANGE OF TONNAGES IN
THE EVENT THAT THE QUANTITIES PURCHASED ARE MORE OR LESS THAN THE
QUANTITIES STATED IN THIS TENDER.
-IF PART CARGO, (FOR LAYDAYS AUGUST 17-27 - ERITREA CARGO TO BE LAST IN FIRST OUT), ERITREA BULK WHEAT TO BE STOWED IN SEPARATE HOLDS, AND OTHER
PART CARGO MUST BE COMPATIBLE AND NON-INJURIOUS TO ERITREA’S TITLE I BULK
WHEAT AND ALL PART CARGO IS SUBJECT TO CHARTERERS AND USDA’S APPROVAL.
3. LOADING: 1/2 SAFE BERTH(S) EACH 1/2 SAFE U.S. PORT(S) OR CANADIAN
TRANSHIPMENT POINTS.
4. DISCHARGING: 1/2 SAFE BERTH(S) MASSAWA, ERITREA.
VESSEL'S LOA NOT TO EXCEED 187 METERS.
FOR YOUR INFORMATION ONLY AND WITHOUT GUARANTEE, THE DRAFT
FOR THE PORT OF MASSAWA:
FOR LOA UP TO 170 M FWD 8.5 M AFT 9.3 M HEAD IN
FOR LOA UP TO 187 M FWD 8.4 M AFT 8.7 M HEAD OUT
FOR LOA UP TO 173 M FWD 7.9 M AFT 8.2 M HEAD IN
5. TERMS: VESSEL LOAD/FREE OUT.
6. LOAD/DISCHARGE RATE(S):
LOAD: 5,000 MT PER WWDSSHEX EIU FOR BULK CARRIERS AND
3,000 MT PER WWDSSHEX EIU FOR MULTIDECKERS AND TANKERS
DISCHARGE: 1,200 MT PER DAY PER WWDSSHEX EIU
FOR LASH-SEABEE BARGES NO LOAD OR DISCHARGE RATE, NO DEMURRAGE, NO
DESPATCH, NO DETENTION CHARGES TO BE APPLIED AND SAME TO BE LOADED
AND DISCHARGED IN REGULAR TURN WITHOUT UNDUE DELAY.
7. VESSEL TYPE RESTRICTIONS: TOWED BARGES ARE EXCLUDED.
INTEGRATED TUG/BARGE (ITB) UNITS WILL BE CONSIDERED.
8. VESSEL GEAR MUST BE CAPABLE OF OPERATING RECEIVER'S DISCHARGING EQUIPMENT
(GRABS) AND MUST MEET ALL REQUIREMENTS/REGULATIONS OF MASSAWA PORT
AUTHORITY.
GEARLESS VESSELS MUST SUPPLY DISCHARGING EQUIPMENT AT EACH HATCH IN WHICH
CARGO IS LOADED AT OWNERS EXPENSE. SUCH EQUIPMENT TO BE CAPABLE OF
DISCHARGING CARGO AT A RATE AT LEAST EQUIVALENT TO THE DISCHARGE RATE
STATED ABOVE AND DISCHARGING EQUIPMENT MUST MEET ALL REQUIREMENTS/
REGULATIONS OF MASSAWA PORT AUTHORITY.
CARGO WILL BE DISCHARGED DIRECTLY INTO BAGGING MACHINES. MECHANICAL OR
HYDRAULIC HATCH COVERS OR RAIN TENTS ARE REQUIRED ON ALL HATCHES.
9. LIGHTENING, IF REQUIRED, TO BE AT VESSEL OWNERS TIME RISK AND EXPENSE.
LIGHTENING, IF REQUIRED, IS TO BE PERFORMED IN THE PORT OF MASSAWA,
ERITREA ONLY. LIGHTENING VESSEL(S) MUST MEET ALL TENDER AND MASSAWA PORT
AUTHORITY REQUIREMENTS. COST OF LIGHTENING TO BE STIPULATED IN THE OFFER
(REFER TO CLAUSE 67 OF PROFORMA C/P). IN THE EVENT LIGHTENING IS NOT
PERFORMED AT THE DISCHARGE PORT, SAID LIGHTENING COSTS SHALL BE DEDUCTED
FROM THE FREIGHT.
10. VESSEL MUST BE ABLE TO BE FUMIGATED WITH AN ALUMINUM PHOSPHIDE PREPARATION
IN-TRANSIT IN ACCORDANCE WITH THE USDA/FGIS FUMIGATION HANDBOOK AND
VESSELS THAT CANNOT BE SO FUMIGATED WILL NOT BE CONSIDERED. AT FINAL
LOADING PORT,COMMODITY SUPPLIER WILL ARRANGE AND PAY FOR IN-TRANSIT
FUMIGATION PERFORMED BY A CERTIFIED APPLICATOR IN ACCORDANCE WITH THE
USDA, FGIS FUMIGATION HANDBOOK. FUMIGATION MUST BE WITNESSED BY FGIS,
USDA, AND THE ALUMINUM PHOSPHIDE PREPARATION MUST BE CONTAINED IN
PACKAGING AS DESCRIBED IN THE FUMIGATION HANDBOOK. DUST RETAINERS MUST
BE USED. FOR TWEENDECKERS AND BULK CARRIERS (INCLUDING PUSH-MODE ITB),THE RECIRCULATION METHOD OF FUMIGATION WILL BE USED. FOR TANKERS, SURFACE
APPLICATION WILL BE USED.
TWEEN-DECK VESSELS WILL BE CONSIDERED PROVIDED THEY ARE ACCEPTABLE FOR
IN-TRANSIT FUMIGATION IN ACCORDANCE WITH FGIS FUMIGATION HANDBOOK. OFFERS
OF SUCH TWEEN-DECK VESSELS MUST BE ACCOMPANIED BY A COPY OF A LETTER FROM
FGIS, USDA, STATING THAT THE VESSEL CAN BE FUMIGATED UNDER THE FGIS
IN-TRANSIT FUMIGATION PROCEDURES. IN ADDITION, TWEEN-DECK VESSELS ARE ACCEPTABLE ONLY WHEN A CERTIFIED APPLICATOR STATES THAT THE VESSEL HAS BEEN INSPECTED AND FOUND TO BE SUITABLE FOR FUMIGATION AND
SUCH WRITTEN STATEMENT FROM CERTIFIED APPLICATOR SHOULD BE SUBMITTED WITH
OFFER.
11. AT THE DISCHARGE PORT AND UPON INSPECTION BY GOVERNMENT/RECEIVERS
INSPECTORS, IF CARGO AND/OR VESSEL IS FOUND TO BE INFESTED, AND PROVIDED
CLEAN BILLS OF LADING WERE ISSUED, FUMIGATION COSTS, IF ANY, ARE FOR
OWNERS (VESSELS) ACCOUNT, AND TIME USED IS TO COUNT FOR U.S. FLAG VESSELS;
AND NOT TO COUNT FOR NON U.S. FLAG VESSELS.
12. FREIGHT RATE TO BE QUOTED PER METRIC TON BASIS VESSEL LOAD/FREE OUT ONE
LOADING PORT TO ONE DISCHARGING PORT. ADDITIONAL FREIGHT CHARGE MUST BE
STATED FOR ADDITIONAL LOADING PORT(S) AND WILL BE CONSIDERED IN
DETERMINING LOWEST LANDED COST IN THOSE SITUATIONS WHERE COMMODITIES ARE
LIKELY TO BE LOADED AT MORE THAN ONE PORT.
13. FREIGHT OFFERS SHOULD NOT CONTAIN A "DETENTION RATE". FREIGHT OFFERS WILL
NOT BE CONSIDERED NON RESPONSIVE SOLELY BECAUSE A DETENTION RATE WAS GIVEN
HOWEVER THE RELATED CHARTER PARTIES AND LINER BOOKING CONTRACTS MAY NOT
CONTAIN A DETENTION RATE.
14. OFFERS SUBMITTED UNDER THIS INVITATION ARE REQUIRED TO HAVE A CANCELING
DATE NO LATER THAN THE LAST CONTRACT LAYDAYS AS ABOVE. VESSELS WHICH ARE
OFFERED WITH CANCELING DATE BEYOND THE LAYDAYS SPECIFIED ABOVE WILL NOT BE
CONSIDERED.
15. DEMURRAGE/DESPATCH RATES ARE TO BE STIPULATED IN OFFER WITH DESPATCH RATES
TO BE ONE-HALF THE DEMURRAGE RATES.
16. LAYTIME WILL BE NON-REVERSIBLE FOR U.S. FLAG VESSELS AND REVERSIBLE FOR
NON U.S. FLAG VESSELS.
LAYTIME ACCOUNTS AT LOADPORT:
FOR U.S. FLAG VESSELS: LAYTIME ACCOUNTS ARE TO BE SETTLED DIRECTLY
BETWEEN OWNERS AND COMMODITY SUPPLIER(S). UNDER NO CIRCUMSTANCES SHALL
CHARTERER OR USDA BE RESPONSIBLE FOR RESOLVING DISPUTES INVOLVING THE
CALCULATION OF LAYTIME OR THE PAYMENT OF DEMURRAGE OR DESPATCH BETWEEN
THE VESSEL OWNERS AND THE COMMODITY SUPPLIER(S).
FOR NON U.S. FLAG VESSELS: LAYTIME ACCOUNTS ARE TO BE SETTLED DIRECTLY
BETWEEN CHARTERERS AND VESSEL OWNERS. UNDER NO CIRCUMSTANCES SHALL USDA BE
RESPONSIBLE FOR RESOLVING DISPUTES INVOLVING THE CALCULATION OF LAYTIME OR
THE PAYMENT OF DEMURRAGE OR DESPATCH BETWEEN THE CHARTERERS AND VESSEL
OWNERS.
LAYTIME ACCOUNTS AT DISCHARGE PORT:
FOR U.S. AND NON U.S. FLAG VESSELS: LAYTIME ACCOUNTS ARE TO BE SETTLED
DIRECTLY BETWEEN CHARTERERS AND OWNERS. UNDER NO CIRCUMSTANCES SHALL USDA
BE RESPONSIBLE FOR RESOLVING DISPUTES INVOLVING THE CALCULATION OF LAYTIME
OR THE PAYMENT OF DEMURRAGE OR DESPATCH BETWEEN THE CHARTERERS AND VESSEL
OWNERS.
Frt Tender Part Two: Eritrea Bulk Wheat under P.L. 480 Title I
17. NON U.S. FLAG VESSELS MUST BE REGISTERED HIGHEST IN LLOYDS OR EQUIVALENT
AND SHOULD NOT BE MORE THAN 20 YEARS OLD.
18. ANY EXTRA INSURANCE ON CARGO AND FREIGHT DUE TO VESSELS AGE, CLASS, TYPE,
FLAG OR OWNERSHIP OF THE VESSEL IS TO BE FOR OWNERS ACCOUNT, BUT NOT TO
EXCEED NEW YORK MARKET RATES FOR U.S. FLAG VESSELS AND LONDON MARKET
RATES FOR NON U.S. FLAG VESSELS.
OWNERS OF TUG-BARGE MUST ALSO HAVE TOW ARRANGEMENT DULY INSPECTED AND
CERTIFIED BY THE SALVAGE ASSOCIATIONS INSPECTOR AT OWNERS EXPENSE.
19. VESSELS MUST HAVE ALL OPENINGS TO CARGO SPACES AND HATCH COVERS SUITABLY
SEALED WITH TAPE OR BY OTHER MEANS TO ASSURE WATER TIGHT INTEGRITY. THE
SEALING SHALL BE DONE TO THE SATISFACTION OF NCB SURVEYOR AS ATTESTED BY
CERTIFICATION OF SPECIAL SURVEY. ALL OF THE ABOVE TO BE PERFORMED AT
VESSEL'S TIME, RISK, AND EXPENSE. SPECIAL SURVEY CERTIFICATE WILL BE
REQUIRED AS A CONDITION OF FREIGHT PAYMENT. SEALING OF HATCHES/OPENINGS
AND SPECIAL NCB CERTIFICATE IN NO WAY DIMINISHES OWNERS RESPONSIBILITY AND
LIABILITY TOWARD THE CARGO.
20. OWNERS TO GIVE TEN (10) DAYS PRE-ADVICE OF VESSELS ARRIVAL AT LOADPORT TO
UNIVERSAL SHIPPING COMPANY, INC.
21. CARGO SHALL NOT BE LOADED INTO DEEP/WING TANKS AND OTHER SPACES WHICH ARE
NOT DIRECTLY ACCESSIBLE TO GRAB DISCHARGE.
22. U.S. FLAG APPROVED FREIGHT RATE(S) WILL BE REDUCED TO A LEVEL NOT HIGHER
THAN THE MARITIME ADMINISTRATION FAIR AND REASONABLE RATE IN THE EVENT
THAT ORIGINALLY APPROVED VESSEL IS SUBSTITUTED BY A LOWER COST VESSEL.
ONE WAY RATE MUST BE QUOTED IN ADDITION TO ROUND TRIP RATE FOR U.S. NON
LINER VESSELS WHOSE DATE OF ORIGINAL "REPEAT" ORIGINAL (NOT REBUILT DATE)
CONSTRUCTION EXCEEDS 15 YEARS FROM DATE OF FIXTURE.
FREIGHT RATE FOR U.S. FLAG VESSELS OFFERING BASIS FULL CARGO BUT LOADING
LESS THAN A FULL CARGO, THE LESS THAN FULL CARGO FREIGHT RATE WILL BE
SUBJECT TO A REDUCTION TO MEET ANY REVISED MARAD FREIGHT RATE GUIDELINE
DUE TO VESSEL LOADING OTHER ADDITIONAL CARGO.
OFFERS OF U.S. FLAG VESSELS WILL NOT BE CONSIDERED IF THE VESSEL OPERATOR
HAS NOT PROVIDED THE MARITIME ADMINISTRATION WITH THE VESSEL COSTS PRIOR
TO SUBMISSION OF THE OFFER.
U.S. FLAG VESSELS OFFERED SUBJECT TO MARAD APPROVAL WILL NOT BE
CONSIDERED. IF MARAD APPROVAL OF VESSEL IS REQUIRED, SAME MUST BE
OBTAINED BEFORE SUBMISSION OF OFFERS.
23. OFFERS RECEIVED SHALL BE CONSIDERED TO WARRANT THAT THE OFFERED VESSEL IS
FREE FROM ANY LIEN AND ENCUMBRANCE FULLY INSURED AND ENTERED IN A P AND I CLUB.
24. SUCCESSFUL BIDDERS SHALL FURNISH TO THE CHARTERERS OR THEIR AGENT WITHIN
FIVE (5) WORKING DAYS AFTER RECEIPT OF CONFIRMATION OF THE FIXTURE, A
PERFORMANCE BOND IN THE FORM OF A CERTIFIED CHECK OR CASHIERS CHECK OR A
CONFIRMED IRREVOCABLE LETTER OF CREDIT ISSUED BY A PRIME U.S. BANK IN
FAVOR OF THE EMBASSY OF ERITREA C/O UNIVERSAL SHIPPING COMPANY, INC. IN
AN AMOUNT EQUIVALENT TO FIVE (5) PERCENT OF THE OCEAN FREIGHT. THIS
AMOUNT IS COLLECTIBLE AGAINST A STATEMENT FROM THE CHARTERERS OR THEIR
AGENTS THAT THE VESSEL OWNERS FAILED TO PRESENT THE VESSEL PASSED AND
READY IN ALL RESPECTS TO COMMENCE LOADING WITHIN THE AGREED
LAYDAYS. UNDER NO CIRCUMSTANCES IS THE PERFORMANCE BOND TO BE
CONSIDERED THE MAXIMUM LIABILITY OF LIQUIDATION OF DAMAGES INCURRED.
SUCH BOND SHALL BE RETURNED/CANCELED UPON PRESENTATION AND ACCEPTANCE
OF VESSEL'S NOTICE OF READINESS AT THE FIRST OR SOLE LOADPORT.
25. OFFERS OF NAMED VESSELS ONLY, NO VESSEL SUBSTITUTION IS PERMITTED WITHOUT
CHARTERER'S/USDA'S APPROVAL.
26. ISM CODE: OWNERS GUARANTEE THAT THIS VESSEL COMPLIES FULLY WITH THE
INTERNATIONAL SAFETY MANAGEMENT (ISM) CODE, IF REQUIRED, AND IS IN
POSSESSION OF A VALID DOCUMENT OF COMPLIANCE AND SAFETY MANAGEMENT
CERTIFICATE AND WILL REMAIN SO FOR THE ENTIRETY OF HER EMPLOYMENT UNDER
THIS CHARTER PARTY. OWNERS ARE TO PROVIDE CHARTERERS WITH SATISFACTORY
EVIDENCE OF COMPLIANCE IF REQUIRED TO DO SO AND TO REMAIN FULLY
RESPONSIBLE FOR ANY AND ALL CONSEQUENCES RESULTING DIRECTLY OR INDIRECTLY
FROM ANY MATTERS ARISING IN CONNECTION WITH THIS VESSEL AND THE ISM CODE.
27. SUBSTANDARD VESSELS: SECTION 408 OF THE COAST GUARD AUTHORIZATION ACT OF
1998, PUBLIC LAW 105-383 (46 USC PARAGRAPH 2302(E)), ESTABLISHES EFFECTIVE
JANUARY 1, 1999, WITH RESPECT TO NON-US FLAG VESSELS AND OPERATORS/OWNERS,
THAT SUBSTANDARD VESSELS AND VESSELS OPERATED BY OPERATORS/OWNERS OF
SUBSTANDARD VESSELS ARE PROHIBITED FROM THE CARRIAGE OF GOVERNMENT
IMPELLED (PREFERENCE) CARGOES(ES) FOR UP TO ONE YEAR AFTER SUCH
SUBSTANDARD DETERMINATION HAS BEEN PUBLISHED ELECTRONICALLY. AS THE CARGO
ADVERTISED IN THIS IFB IS A GOVERNMENT IMPELLED (PREFERENCE) CARGO,
OFFERORS MUST WARRANT THAT VESSEL(S) AND OWNERS/OPERATORS ARE NOT
DISQUALIFIED TO CARRY SUCH GOVERNMENT IMPELLED (PREFERENCE) CARGOES).
28. OFFERORS ARE ENCOURAGED TO INCLUDE ALL INFORMATION AS LISTED BELOW AND IN
THE FORMAT AS FOLLOWS:
A. VESSEL NAME, FLAG, YEAR BUILT, VESSEL TYPE, DWT, HOLDS,
HATCHES(SIZES), GEAR, LOA, BEAM, SPEED, CLASS, OWNERS
NAME, SALT WATER ARRIVAL DRAFT AT DISPORT
B. CARGO
C. LOAD/DISCHARGE PORTS
D. LOAD/DISCHARGE RATES
E. LAYDAYS
F. ETA AT LOAD PORT
G. FREIGHT RATE PER MT AND ADDITIONAL FREIGHT FOR
ADDITIONAL PORT(S)
H. DEMURRAGE-DESPATCH
I. TRANSIT TIME AND PORTS OF CALL IN TRANSIT, IF ANY
J. COMMISSIONS
K. TERMS
L. REMARKS
M. NAME AND TELEPHONE NUMBER OF CONTACT PERSON.
29. ALL OFFERS AND SUBSEQUENT AWARDS OF CONTRACTS WILL BE SUBJECT TO THE
PROVISIONS OF P.A. NO. ER-5005 AND TITLE I, PL 480 AND THE RULES AND
REGULATIONS PURSUANT THERETO.
30. OFFERS MUST BE SUBMITTED BASIS CURRENT ERITREAN GOVERNMENT PROFORMA
CHARTER PARTY FOR BULK WHEAT (NORGRAIN 89 ADAPTED BY THE GOVERNMENT OF
ERITREA JULY 2002) AND THIS IFB.
31. FREIGHT PAYMENT: PAYMENT OF ONE HUNDRED PERCENT (100%) OF THE FREIGHT WILL
BE MADE IN ACCORDANCE WITH TERMS OF THE C/P WHEN THE VESSEL/CARGO ARRIVE
AT THE FIRST OR SOLE PORT OF DISCHARGE.
32. BROKERAGE COMMISSION IS PAYABLE BY OWNERS ON GROSS FREIGHT, DEADFREIGHT,
AND DEMURRAGE TO UNIVERSAL SHIPPING, CO. AS FOLLOWS: NON U.S. FLAG OFFERS
- 2.5 PERCENT; U.S. FLAG OFFERS - 2.5 PERCENT IF THE FIXTURE IS ARRANGED
WITHOUT OWNER'S BROKER AND IF OWNERS' BROKER IS INVOLVED IN THE U.S. FLAG
VESSEL FIXTURE, 2/3RDS OF 2.5 PERCENT IS PAYABLE TO UNIVERSAL SHIPPING AND
1/3RD OF 2.5 PERCENT IS PAYABLE TO OWNERS' BROKER.
33. OFFERS TO BE RECEIVED BY:
UNIVERSAL SHIPPING COMPANY, INC.
2300 CLARENDON BLVD., SUITE 1004
ARLINGTON, VA 22201
TELEPHONE: 202-298-6100 OR 703-522-5780
FAX: 703-522-9417
U.S. AND NON U.S. FLAG OFFERS WILL BE OPENED IN PUBLIC AT UNIVERSAL
SHIPPING CO. OFFICE AT 1430 HOURS WASHINGTON, D.C. TIME, FRIDAY, AUGUST 2, 2002, AND REMAIN VALID UNTIL CLOSE OF BUSINESS WASHINGTON, D.C. TIME, WEDNESDAY, AUGUST 7, 2002.
OFFERS WILL NOT BE ACCEPTED BY TELEPHONE. ONLY OFFERS WHICH
ARE RESPONSIVE TO THIS TENDER WILL BE CONSIDERED, AND NO
NEGOTIATION IS PERMITTED. CHARTERERS RESERVE THE RIGHT TO
ACCEPT OR REJECT ANY OR ALL OFFERS.
IF A FAX OFFER IS CONNECTED TO OUR FAX MACHINE BEFORE 1430 HRS WASHINGTON,
D.C. TIME, AS PRINTED ON OFFER (BASED ON EASTERN STANDARD/EASTERN DAYLIGHT
SAVING TIME, AS APPROPRIATE) AND CONTINUES TRANSMITTING PAST 1430
HOURS UNTIL COMPLETION, CHARTERERS WILL CONSIDER THE OFFER AS IF IT HAD
COMPLETED TRANSMITTING BEFORE 1430 HOURS, HOWEVER, CHARTERERS WILL NOT
CONSIDER ANY FAX OFFER WHICH CONNECTS TO OUR FAX MACHINE AFTER 1430 HOURS.
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