AWARD NOTICE USAID FREIGHT RFP AC16-0013

April 15, 2016

On behalf of USAID, Charterer, BKA Logistics is pleased to announce the following freight award under USAID Freight RFP AC16-0055:

USAID Contract : AID-OAA-C-16-00054

Charter Party Date April 15, 2016

OWNERS: TRADEWINDS SHIPPING INC.

VESSEL: MV ARISTO RIVER or Substitute Hong Kong Flag ; Built 2005 ; Abt. 33,532 MT DWT ON 10.03M. SSW; LOA 179.99 M /BEAM:28.22 M ; 5 holds/ 5 hatches ; 4 Cranes at 30 Tons.

For USAID Cargo Vessel Itinerary :

ETA US Gulf May 2/3 2016 AGW WP

ETA Basis Discharge Port of Djibouti – 30 days after sailing loadport AGW WP.

CARGO: As Full or Part cargo at owner’s option of 5,000 MT Min/Max Bulk Sorghum plus empty bag for USAID in combination with 20,970 MT HRW Wheat for CRS with empty bags under a separate Charter Party.

For total 25,970 Metric Tons of Bulk Sorghum and Bulk Wheat plus empty bags

Empty bags must be transported freight free on the same vessel as the cargo of Bulk Sorghum.

Any other additional cargo(es) are subject to USAID approval.

LAYDAYS: May 2-12, 2016. Owner to provide 14 days pre-advice of vessel readiness to load.

LOAD PORT: One safe berth, One safe port US Texas Gulf port.

LOADING TERMS: The cargo is to be loaded according to berth terms with customary despatch at

the average rate of 6,000 MT of 2,204.6 pounds Per Weather Working day of 24 consecutive hours, Saturdays, Sundays and Holidays excepted, even if used (WWDSSHEX EIU).

DISCHARGE PORT(S): DJIBOUTI.

At USAID, charterer’s, option discharge at Berbera, Somalia and or at charterer’s option at Durban, South Africa and or at charterer’s option Mombasa, Kenya; and or at charterer’s option Dar Es Salaam, Tanzania; and or at charterer’s option Nacala, Mozambique and or at charterer’s option Beira, Mozambique and or at charterer’s option Maputo, Mozambique and or at charterer’s option Fort Dauphin, Madagascar and or at charterer’s option Toamasina, Madagascar. USAID shall declare the discharge port(s) option ten (10) days after vessel sails from the load port.

DISCHARGE TERM(S):

A) At Djibouti the cargo is to be discharged under Full Berth Terms , no demurrage/ no desptach/ no detention with USAID option for owners to have cargo

I) Bagged and delivered to Free On Truck Door charterer’s/receiver’s designated warehouses at

BMMI , Djibouti Free Zone, Djibouti

And/or

II) Bagged and stacked on to receivers’ conveyances at end of bagging line in the port of Djibouti.

B) At Durban the cargo is to be discharged under Full Berth Terms, no demurrage/ no despatch/ no detention, with USAID option for owners to have cargo

I) Bagged and delivered to Free On Truck Door charterer’s/receiver’s designated warehouses at

SDV South Africa , 30 Paisley Road, Jacobs, Durban, South Africa

And/or

II) Bagged and stacked on to receivers’ conveyances at end of bagging line in the port of Durban, South Africa.

C) At Mombasa the cargo is to be discharged

I) Under Full Berth Terms. No demurrage/ no despatch/ no detention with USAID option for owners to have cargo bagged and stacked on to receiver’s conveyances at the end of the bagging line in the port of Mombasa, Kenya

II) USAID option Free Out terms

a) Cargo to be discharged at the GBHL berth basis Free Out terms with the following applicable discharge rates:

- 9,000 MT per WWDSSHEX EIU for self-trimming bulk carrier.

- 7,000 MT per WWDSSHEX EIU for tweendeckers/ non-self-trimming bulk carriers.

- 3,000 MT per WWDSSHEX EIU for converted container vessels and vessels with part cargo in same hold.

- no tankers permitted

b) Cargo discharged at conventional berth basis Free Out terms the following discharge rate shall apply:

- 600 MT per working hatch per WWDSSHEX EIU.

On Free Out terms Master to file the vessel’s Notice of Readiness to discharge to the receiver and or their agent office between 0800 to 1600 hours Mondays through Fridays and laytime shall commence at 0800 hours next working day. Notice of Readiness filed on Saturdays, Sundays and holidays shall be deemed tendered and accepted on the next working day.

At Mombasa time between 1700 hours Fridays or days preceding holidays to 0800 hours on Mondays or days after holidays shall not count as laytime, even if used. Time used for opening /closing of hatch(es) not to count as laytime. Any shifting of vessel due to vessel configuration and or size shall not count as laytime

Owners are to specify in their offer the demurrage/despatch rates applicable for discharge on free out terms at Mombasa terminal. Despatch rates must be one-half of demurrage rates quoted.

D) At all other discharge ports discharge to be basis Full Berth Terms no demurrage / no dispatch / no detention with USAID option

i) to have cargo bagged and stacked on to receivers’ conveyances at the port of discharge.

ii) to have cargo bagged and stacked on floor of receivers’ contracted/named port warehouses.

FREIGHT RATES: Applicable to USAID Cargo of 5,000 MT Bulk Sorghum only:

A)Djibouti Full Berth Terms Discharge No Dem/No Desp/ No Det. : US$66.88 PMT.

I)Bagged and Delivered FOT Door BMMI warehouses Djibouti FTZ: US$88.88 PMT

II)Bagged and Stacked on Receivers’ conveyance in Djibouti port end of bagging line US$77.38 PMT.

B)FOR DURBAN:

I)Ocean Transportation to Durban basis Bulk Discharge (Full Berth Terms)

USD250,000.00 Lumpsum extra For Durban Discharge to be added to the Djibouti Full Berth Term Rate..

Bagged and Delivered FOT Door SDV warehouse at Jacobs,Durban add USD 25.00 PMT to above rate

III)Bagged and Stacked on Receivers’ conveyance in Durban port end of bagging line in port of Durban add USD 10.00 PMT to above rate of Durban Full Berth terms.

C)FOR MOMBASA

I)Ocean Transportation basis Free Out at GBHL option Conventional berth Mombasa:

USD250,000.00 Lumpsum extra for Mombasa discharge to be added to the Djibouti Full Berth Term Rate.

II)Bulk Discharge (Full Berth Terms at Mombasa Kenta): US$ 16.00 PMT to be added to above rate

III)Bagging Services at discharge Mombasa port basis bagged and stacked onto receiver’s conveyances at end of bagging line in the port of Mombasa USD8.00 PMT to be added to above rates..

D)FOR OTHER OPTIONAL DISCHARGE PORTS:

I)Ocean Transportation basis Bulk Discharge (Full Berth Terms) at the Optional discharge ports:

USD450,000.00 Lumpsum extra For Berbera discharge to be added to the Djibouti Full Berth Term rate

USD350,000.00 Lumpsum extra For Dar Es Salaam discharge to be added to the Djibouti Full Berth Term rate

USD400,000.00 Lumpsum extra For Nacala discharge to be added to the Djibouti Full Berth Term rate

USD400,000.00 Lumpsum extra For Beira discharge to be added to the Djibouti Full Berth Term rate

USD400,000.00 Lumpsum extra For Maputo discharge to be added to the Djibouti Full Berth Term rate

USD750,000.00 Lumpsum extra For Fort Dauphin discharge to be added to the Djibouti Full Berth Term rate

USD750,000.00 Lumpsum extra For Toamasina discharge to be added to the Djibouti Full Berth Term rate

Bagging Services at Discharge basis bagged and stacked onto receivers conveyances:

USD 30.00 PMT to be added to the above rates.

Additional Premiums:

USD 150,000.00 Lumpsum extra on entire cargo if loading at Mississippi River

All above freight rates basis loading 1 SB 1 SP to 1 SP discharge.

USD50,000.00 Lumpsum extra on entire cargo for each additional Load Berth if used.

USD180,000.00 Lumpsum extra on entire cargo for each additional Load Port within same range, if used.

USD200,000.00 Lumpsum extra on entire cargo for each additional discharge port, if used.

DEMURRAGE/DESPATCH:

At Load Port : USD 11,000 / HD PDPR

At Mombasa basis Free Out Cargoes GBHL or ConventionalUSD11,000 / HD PDPR

Otherwise all other terms and conditions as per USAID Freight RFP AC16-0055 dated April 05, 2016 and and the

USAID Vessel Load/BT Discharge Proforma Charter Party. END.