NOTICE OF AWARD - USAID Freight RFP No. AC15-0126 Durban Prepo

On behalf of USAID, Charterer, BKA Logistics is post the following freight award against USAID RFP AC15-0126:

Charter Party Date November 05 2015

OWNERS: LIBERTY GLORY CORPORATION.

VESSEL: MV LIBERTY EAGLE

U.S. FLAG ; BUILT 2004 – GEARED BULK CARRIER

Abt. 51,812 MT DWT ON 12.28 M. SSW

LOA 189.9 M / BEAM: 32.26 M

6 HO / 5 HA ; 4 x 30T CRANES; SPEED Abt 14.0 KTS

Vessel is currently load ready in the US Texas gulf and is fixed for 24,000MT NS Wheat for Dar es Salaam under GCI/SEAF Charter Parties dated 30 October 2015. GCI/SEAF-24,000 MT NS Wheat is scheduled to load at CHS Myrtle Grove, LA with Laycan of 24 November - 3 December 2015

Vessel’s ETA Durban from USG is appx. 26 days from completion of loading/sailing last US load port wp/agw/uce.

Vessel’s eta Douala from Dar es Salaam is appx. 16 days from completion of discharging/sailing Dar es Salaam wp/agw/uce.

If USAID – 15,000 MT upto 15,750 MT Sorghum for Durban (RFP no. AC15-0126) is fixed in combination with WFP – 8,540 MT Sorghum for Douala (So#5000285853) and WFP declares Las Palmas as optional disport, per WFP tender requirements, Las Palmas to be first port of discharge and vessel’s estimated schedule to be as follows:

Vessel’s ETA Las Palmas from USG is appx. 15 days from completion of loading/sailing last US load port wp/agw/uce

Vessel’s eta Durban from Las Palmas is appx. 17 days from completion of discharge/sailing Las Palmas wp/agw/uce

CARGO: 15,750 MT Min/Max Bulk Sorghum plus bags under RFP No. AC15-0126 as part cargo

In combination with

8,540 MT Bulk Sorghum plus empty bags of WFP for discharge Douala option Las Palmas and

24,000 MT Bulk NS Wheat for GCI/SEAF for discharge at Dar es Salaam, Tanzania under separate Charter Parties. SEAF accepts owners request for adding above USAID and WFP completion cargo

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

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

The two cargoes of Bulk Sorghum for USAID and WFP may be commingled as per RFP AC15-0126..

LAYDAYS: November 24- December 3, 2015. Owner to provide 14 days pre-advice of vessel readiness to load.

LOAD PORT: One safe berth, One safe port USGulf Texas port for both USAID and WFP cargoes.

LOADING TERMS: Scale Load as per USAID Freight RFP AC15-0126.

DISCHARGE PORT(S):

Durban, South Africa .

At USAID, charterer’s, option discharge at 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 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 Warehouse , 29 Voortrekker Street, Jacobs Durban 4052, South Africa

And/or

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

B) 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.

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

C) At all other discharge ports discharge to be basis Full Berth Terms no demurrage / no dispatch / no detention with USAID option to have cargo bagged and stacked on to receivers’ conveyances at the port of discharge.

FREIGHT RATE:

OCEAN TRANSPORTATION TO DURBAN AND DOUALA OR LAS PALMAS (1-2):

DURBAN: BASIS FULL BERTH TERMS INCLUDING COST OF BULK DISCHARGE)

USAID: 15,750 MT SORGH-DURBAN & WFP: 8,540 MT SORGH-DOUALAOR LAS PALMAS

FOR USAID DURBAN 15,750 MT BULK SORGHUM WITH EMPTY BAGS USD 106.00 PMT THE ABOVE RATE IS BASIS ALL USAID/WFP CARGO LOADING ONE(1) LOAD BERTH, ONE(1) LOAD PORT TO ONE(1) DISCHARGE BERTH EACH DURBAN AND DOUALA OR LAS PALMAS

THE FREIGHT RATES ARE BASED ON USAID – 15,750 MT BULK SORGHUM (RFP NO. AC15-0126) & WFP – 8,540 MT BULK SORGHUM TO DOUALA (SO#5000285853) WITH GCI/SEAF - 24,000 MT BULK NS WHEAT FOR DAR ES SALAAM ALREADY FIXED ON THE MV LIBERTY EAGLE UNDER GCI/SEAF CHARTER PARTIES DATED 30 OCTOBER 2015.

ADDITIONAL PREMIUMS : NO ADDITIONAL PREMIUMS WILL APPLY.

ADDITIONAL CHARGES AT DURBAN

FOR USAID CARGO BAGGED AND STACKED ONTO RECEIVERS CONVEYANCE AT THE END OF THE BAGGING LINE IN THE PORT, ADD USD 24.00 PMT TO THE BASE OCEAN FREIGHT RATE

FOR USAID CARGO BAGGGED AND STACKED ONTO CHARTERER’S/RECEIVER’S TRUCKS AND DELIVERED TO FREE ON TRUCK DOOR AT CHARTERER’S/RECEIVER’S DESIGNATED WAREHOUSE AT SDV WAREHOUSE, 29 COORTREKKER STREET JACOBS DURBAN 4052, SOUTH AFRICA, ADD USD 31.00 PMT TO THE BASE OCEAN FREIGHT RATE

USAID OPTIONAL DISCHARGE PORTS:

USAID TO DECLARE OPTIONAL DISCHARGE PORT WITHIN 10 CALENDAR DAYS AFTER SAILING LAST US LOAD PORT. OPTIONAL DISPORTS ARE SUBJECT TO OWNERS RECONFIRMATION SUBJECT TO STABILITY, TRIM, DRAFT, AND REGULATIONS

FOR MOMBASA Discharge

IF MOMBASA IS DECLARED AS THE DISPORT, ADD LUMPSUMUSD 595,000

BASIS GBHL:

BASIS FO 9,000 MT PWWD, REDUCE THE ABOVE DURBAN BASE OCEAN TRANSPORTATION RATE BY USD 19.00 PMT

BASIS FBT, NO DEM/DES/DET, ADD USD 7.00 PMT TO THE BASE DURBAN OCEAN FREIGHT RATE

INCLUDING THE COST OF BULK DISCHARGE,BAGGED AND STACKED ONTO RECEIVER’S CONVEYANCE, ADD USD 11.00 PMT TO THE ABOVE MOMBASA FBT OCEAN FREIGHT RATE

BASIS CONVENTIONAL BERTH: BASIS FO 600 MT PER HATCH PWWD, ADD USD 46.00 PMT

TO THE ABOVE MOMBASA FO 9,000 MT PWWD FREIGHT RATE

INCLUDING THE COST OF BULK DISCHARGE, BAGGED AND STACKED ONTO RECEIVER’S CONVEYANCE, ADD USD 12.00 PMT TO THE FO 600 MT PER HATCH PWWD MOMBASA OCEAN FREIGHT RATE

For DAR ES SALAAM Discharge

BASIS USAID- 15,750 MT FOR DURBAN & WFP– 8,540 MT SORGHUM FOR DOUALA:

IF DAR ES SALAAM IS DECLARED AS DISPORT, ADD LUMPSUM USD 625,000

IF DAR ES SALAAM IS DECLARED AS THE OPTIONAL DISPORT, BASIS FBT- NO DEM/DES/DET, INCREASE THE ABOVE DURBAN BASE FREIGHT RATE BY USD 30.00 PMT

BASIS BAGGED & STACKED ONTO RECEIVER’S CONVEYANCE, ADD USD 6.00 PMT

TO THE DAR ES SALAAM FBT FREIGHT RATE

BELOW RATES TO BE ADDED TO DURBAN BASE FBT FREIGHT RATE:

A. IF NACALA DECLARED AS DISCHARGE PORT, ADD LUMPSUM USD 650,000

- BASIS B/S ONTO RECEIVER’S CONVEYANCE ADD USD 36.00 PMT

  1. IF BEIRA DECLARED AS DISCHARGE PORT, ADD LUMPSUM USD 725,000

- BASIS B/S ONTO RECEIVERS CONVEYANCE ADD USD 38.00 PMT

  1. IF MAPUTO DECLARED AS DISCHARGE PORT, ADD LUMPSUM USD 725,000

-BASIS B/S ONTO RECEIVER’S CONVEYANCE ADD USD 45.00 PMT

  1. IF FT DAUPHIN DECLARED AS DISCHARGE PORT, ADD LUMPSUM USD 925,000

-BASIS B/S ONTO RECEIVER’S CONVEYANCE ADD USD 38.00 PMT

  1. IF TOAMASINA DECLARED AS DISCHARGE PORT, ADD LUMPSUM USD 975,000

-BASIS B/S ONTO RECEIVER’S CONVEYANCE ADD USD 38.00 PMT

DEMURRAGE/DESPATCH:

AT LOAD PORT: USD 30,000 / HD PDPR

AT MOMBASA BASIS GBHL FO 9,000 MT PWWD: USD 30,000 / HD PDPR

AT MOMBASA BASIS PART CARGO SAME HOLD FO 3,000 MT PWWD USD 30,000 / HD PDPR

AT MOMBASA BASIS CONV. BERTH FO 600 MT PER HATCH PWWD USD 30,000 / HD PDPR

Otherwise all other terms and conditions as per USAID Freight RFP AC15-0126 October 30, 2015, and the

USAID Vessel Load/BT Discharge Proforma Charter Party.

END