PCIM FOCUS REPORTING SYSTEM

PROD CARGO AVAILABLE FOR FLAGGING DATE 03/08/05

MFE374AD INVITATION 035 TIME 12.08.5

  --------- ----------- ---------- ------------- ------------ ------------ --------------- ----------- ---------- ----------------- --------------- ------- ---------- ---------- -------------
                                                                                                                                                    **P**   **B**                 

                                                                                                                                                    **F**   **F**                 

            **TRADE**                                                                                                                               **L**   **L SHIP** **DATE**   

  **INV**   **ROUTE**   **PRGM**   **COUNTRY**   **DIS.       **AGENCY**   **GRP**         **COMM.**   **PORT**   **CONTRACT LBS**  **METRIC TONS** **G**   **G LINE** **AT       **RATE/MT**
                                                 PORT**                                                                                                                PORT**     

  035       CENT AM     II         GUATEMALA     SANTO TOMAS  CRS          V               OIL-VEG     JACI       286,609           130.00          A       ACT        05/25/05   135.00

  035       CENT AM     II         GUATEMALA     SANTO TOMAS  SC           V               OIL-VEG     JACI       220,472           100.01          A       ACT        05/25/05   135.00

  035       CENT AM     II         GUATEMALA     SANTO TOMAS  CRS          R               MR          LC         617,288           280.00          A       ACT        05/10/05   135.00

  035       CENT AM     II         GUATEMALA     SANTO TOMAS  SC           R               MR          LC         881,840           400.00          A       ACT        05/10/05   135.00

  035       CENT AM     II         GUATEMALA     SANTO TOMAS  CRS          P               CSB         PENS       352,736           160.00          A       MAYBANK    05/10/05   130.00

  035       CENT AM     II         GUATEMALA     SANTO TOMAS  SC           P               CSB         PENS       661,380           300.00          A       MAYBANK    05/10/05   130.00

  035       CENT AM     II         GUATEMALA     SANTO TOMAS  CRS          PB              PBL-PI      PENS       264,552           120.00          A       MAYBANK    05/25/05   130.00

  035       CENT AM     II         GUATEMALA     SANTO TOMAS  SC           PB              PBL-PI      PENS       462,966           210.00          A       MAYBANK    05/25/05   130.00

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **3,747,843**     **1,700.01**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

  035       CENT AM     II         HAITI         LES CAYES    CRS          V               OIL-VEG     JACI       462,964           210.00          A       ACT        05/10/05   195.00

  035       CENT AM     II         HAITI         LES CAYES    CRS          P               CM          PENS       374,782           170.00          A       MAYBANK    05/25/05   170.00

  035       CENT AM     II         HAITI         LES CAYES    CRS          P               PBL-LE      PENS       1,124,346         510.00          A       MAYBANK    05/25/05   170.00

  035       CENT AM     II         HAITI         LES CAYES    CRS          P               SFBW        PENS       2,314,830         1,050.00        A       MAYBANK    05/10/05   170.00

  035       CENT AM     II         HAITI         LES CAYES    CRS          P               SFBW        PENS       110,230           50.00           A       MAYBANK    05/25/05   170.00

  035       CENT AM     II         HAITI         LES CAYES    CRS          P               WSB         PENS       264,552           120.00          A       MAYBANK    05/10/05   170.00

  035       CENT AM     II         HAITI         PORT AU PRI  CRS          V               OIL-VEG     JACI       242,514           110.00          A       ACT        05/25/05   160.00

  035       CENT AM     II         HAITI         PORT AU PRI  CRS          P               CM          PENS       220,460           100.00          A       MAYBANK    05/25/05   140.00

  035       CENT AM     II         HAITI         PORT AU PRI  CRS          P               PBL-LE      PENS       881,840           400.00          A       MAYBANK    05/25/05   140.00

  035       CENT A M    II         HAITI         PORT AU PRI  CRS          P               SFBW        PENS       2,204,600         1,000.00        A       MAYBANK    05/25/05   140.00

  035       CENT AM     II         HAITI         PORT AU PRI  CRS          P               WSB         PENS       220,460           100.00          A       MAYBANK    05/10/05   140.00

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **8,421,578**     **3,820.00**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

  035       CENT AM     II         NICARAGUA     CORINTO      ADRA         V               OIL-VEG     JACI       44,080            19.99           A       ACT        05/10/05   195.00

  035       CENT AM     II         NICARAGUA     CORINTO      CRS          V               OIL-VEG     JACI       88,197            40.01           A       ACT        05/25/05   195.00

  035       CENT AM     II         NICARAGUA     CORINTO      PCI          V               OIL-VEG     JACI       44,080            19.99           A       ACT        05/10/05   195.00

  035       CENT AM     II         NICARAGUA     CORINTO      SC           V               OIL-VEG     JACI       66,145            30.00           A       ACT        05/10/05   195.00

  035       CENT AM     II         NICARAGUA     CORINTO      ADRA         P               PBL-LE      JACI       352,736           160.00          A       ACT        05/25/05   195.00

  035       CENT AM     II         NICARAGUA     CORINTO      SC           P               PBL-LE      JACI       44,092            200.00          A       ACT        05/25/05   195.00

  035       CENT AM     II         NICARAGUA     CORINTO      SC           P               CM          LC         110,230           50.00           A       ACT        05/25/05   195.00

  035       CENT AM     II         NICARAGUA     CORINTO      ADRA         P               CSB         LC         374,782           170.00          A       ACT        05/25/05   195.00

  035       CENT AM     II         NICARAGUA     CORINTO      CRS          P               CSB         LC         242,506           110.00          A       ACT        05/25/05   195.00

  035       CENT AM     II         NICARAGUA     CORINTO      CRS          P               CSB         LC         154,322           70.00           A       ACT        05/25/05   195.00

  035       CENT AM     II         NICARAGUA     CORINTO      PCI          P               CSB         LC         132,276           60.00           A       ACT        05/25/05   195.00

  035       CENT AM     II         NICARAGUA     CORINTO      SC           P               CSB         LC         132,276           60.00           A       ACT        05/10/05   195.00

  035       CENT AM     II         NICARAGUA     CORINTO      ADRA         R               MR          LC         154,322           70.00           A       ACT        05/25/05   195.00

  035       CENT AM     II         NICARAGUA     CORINTO      ADRA         R               MR          LC         176,368           80.00           A       ACT        05/10/05   195.00

  035       CENT AM     II         NICARAGUA     CORINTO      SC           R               MR          LC         88,184            40.00           A       ACT        05/10/05   195.00

  035       CENT AM     II         NICARAGUA     CORINTO      SC           P               PBL-LE      LC         44,092            20.00           A       ACT        05/25/05   195.00

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **2,248,688**     **1,019.99**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **TRADE ROUTE                          **14,418,109**    **6,540.00**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                    **P**   **B**                 

                                                                                                                                                    **F**   **F**                 

            **TRADE**                                                                                                                               **L**   **L SHIP** **DATE**   

  **INV**   **ROUTE**   **PRGM**   **COUNTRY**   **DIS.       **AGENCY**   **GRP**         **COMM.**   **PORT**   **CONTRACT LBS**  **METRIC TONS** **G**   **G LINE** **AT       **RATE/MT**
                                                 PORT**                                                                                                                PORT**     

  035       E INDIES    II         INDONESIA     TANJUNG PER  WV           P               AP          LCHI       462,966           210.00          A       APL        05/25/05   126.83

  035       E INDIES    II         INDONESIA     TANJUNG PER  WV           P               CSB         LCHI       88,184            40.00           A       APL        05/10/05   116.83

  035       E INDIES    II         INDONESIA     TANJUNG PRI  WV           P               AP          LCHI       683,426           310.00          A       APL        05/25/05   126.83

  035       E INDIES    II         INDONESIA     TANJUNG PRI  WV           P               AP          LCHI       396,828           180.00          A       APL        05/25/05   126.83

  035       E INDIES    II         INDONESIA     TANJUNG PRI  WV           P               CSB         LCHI       220,460           100.00          A       APL        05/10/05   116.83

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **1,851,864**     **840.00**                                    
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **TRADE ROUTE                          **1,851,864**     **840.00**                                    
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                    **P**   **B**                 

                                                                                                                                                    **F**   **F**                 

            **TRADE**                                                                                                                               **L**   **L SHIP** **DATE**   

  **INV**   **ROUTE**   **PRGM**   **COUNTRY**   **DIS.       **AGENCY**   **GRP**         **COMM.**   **PORT**   **CONTRACT LBS**  **METRIC TONS** **G**   **G LINE** **AT       **RATE/MT**
                                                 PORT**                                                                                                                PORT**     

  035       E-S AFR     II         DJIBOUTI      DJIBOUTI     WFP          P               AP          LCHI       1,410,944         640.00          A       APL        05/25/05   202.55

  035       E-S AFR     II         DJIBOUTI      DJIBOUTI     WFP          P               CSB         LCHI       110,230           50.00           A       APL        05/10/05   192.55

  035       E-S AFR     II         DJIBOUTI      DJIBOUTI     WFP          V               OIL-VEG     LCHI       66,145            30.00           A       MSL        05/25/05   162.00

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **1,587,319**     **720.00**                                    
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

  035       E-S AFR     II         ETHIOPIA      DJIBOUTI     IEFR         V               OIL-VEG     LCHI       3,968,239         1,799.98        A       MSL        05/10/05   162.00

  035       E-S AFR     II         ETHIOPIA      DJIBOUTI     IEFR         V               OIL-VEG     LCHI       2,645,541         1,200.01        A       MSL        05/25/05   162.00

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **6,613,780**     **2,999.99**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

  035       E-S AFR     II         KENYA         MOMBASA      CRS          P               CSB         NORF       2,821,898         1,280.00        A       MSL        05/25/05   115.00

  035       E-S AFR     II         KENYA         MOMBASA      CRS          P               CSB         NORF       1,719,588         780.00          A       MSL        05/10/05   115.00

  035       E-S AFR     II         KENYA         MOMBASA      CRS          P               CSB         NORF       88,184            40.00           A       MSL        05/10/05   115.00

  035       E-S AFR     II         KENYA         MOMBASA      WFP          P               AP          HOUS       1,455,036         660.00          A       MSL        05/10/05   145.00

  035       E-S AFR     II         KENYA         MOMBASA      WFP          P               AP          HOUS       1,410,944         640.00          A       MSL        05/25/05   145.00

  035       E-S AFR     II         KENYA         MOMBASA      WFP          P               AP          HOUS       1,543,220         700.00          A       MSL        05/25/05   145.00

  035       E-S AFR     II         KENYA         MOMBASA      CRS          V               OIL-VEG     HOUS       683,413           309.99          A       MSL        05/10/05   155.00

  035       E-S AFR     II         KENYA         MOMBASA      WFP          PB              PBL-YP      JACI       132,276           60.00           A       LIBERTY    05/25/05   143.00

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **9,854,549**     **4,469.99**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

  035       E-S AFR     II         MADAGASCAR    TOAMASINA    ADRA         R               MR          LCHI       1,168,438         530.00          F       MED SHPG   05/10/05   134.43

  035       E-S AFR     II         MALAWI        BLANTYRE     CRS          P               CM          LCHI       793,656           360.00          F       SAF MARINE 05/10/05   245.76

  035       E-S AFR     II         MALAWI        BLANTYRE     CRS          P               CM          LCHI       308,644           140.00          F       SAF MARINE 05/25/05   245.76

  035       E-S AFR     II         MALAWI        LILONGWE     CRS          P               CM          LCHI       1,212,530         550.00          F       SAF MARINE 05/10/05   249.41

  035       E-S AFR     II         MALAWI        LILONGWE     CRS          P               CM          LCHI       705,472           320.00          F       SAF MARINE 05/10/05   249.41

  035       E-S AFR     II         MALAWI        LILONGWE     CRS          P               CM          LCHI       1,499,128         680.00          F       SAF MARINE 05/25/05   249.41

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **5,687,868**     **2,580.00**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

  035       E-S AFR     II         S AFRICA RE   DURBAN       WV           P               BW          LCHI       3,968,280         1,800.00        F       SAF MARINE 05/10/05   106.89

  035       E-S AFR     II         S AFRICA RE   DURBAN       WV           PB              PBL-PI      LCHI       1,080,254         490.00          F       SAF MARINE 05/25/05   106.89

  035       E-S AFR     II         S AFRICA RE   DURBAN       WV           PB              PBL-PI      LCHI       1,895,956         860.00          F       SAF MARINE 05/25/05   106.89

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **6,944,490**     **3,150.00**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

  035       E- S AFR    II         SUDAN         DJIBOUTI     NPA          V               OIL-VEG     LCHI       132,289           60.01           A       MSL        05/25/05   162.00

  035       E- S AFR    II         SUDAN         DJIBOUTI     NPA          P               PBL-LE      LCHI       198,414           90.00           A       APL        05/25/05   192.55

  035       E- S AFR    II         SUDAN         MOMBASA      CRS          P               PBL-LE      NORF       925,932           420.00          A       MAERSK     05/25/05   115.00

  035       E- S AFR    II         SUDAN         MOMBASA      CRS          V               OIL-VEG     HOUS       485,022           220.00          A       MSL        05/10/05   155.00

  035       E- S AFR    II         SUDAN         MOMBASA      NPA          V               OIL-VEG     HOUS       396,819           180.00          A       MSL        05/25/05   155.00

  035       E- S AFR    II         SUDAN         MOMBASA      CRS          P               PBL-LE      HOUS       198,414           90.00           A       MAERSK     05/25/05   145.00

  035       E- S AFR    II         SUDAN         MOMBASA      NPA          P               PBL-LE      HOUS       418,874           190.00          A       MAERSK     05/25/05   145.00

  035       E- S AFR    II         SUDAN         MOMBASA      NPA          P               PBL-LE      HOUS       573,196           260.00          A       MAERSK     05/25/05   145.00

  035       E- S AFR    II         SUDAN         MOMBASA      NPA          BG              MI          JACI       2,160,508         980.00          A       LIBERTY    05/22/05   143.00

  035       E- S AFR    II         SUDAN         MOMBASA      NPA          BG              MI          JACI       6,194,926         2,810.00        A       LIBERTY    05/22/05   143.00

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **11,684,394**    **5,300.01**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

  035       E-S AFR     II         UGANDA        MOMBASA      WFP          P               CSB         NORF       4,144,648         1,880.00        A       MSL        05/10/05   115.00

  035       E-S AFR     II         UGANDA        MOMBASA      WFP          PB              PBL-YP      NORF       1,675,496         760.00          A       MAERSK     05/25/05   115.00

  035       E-S AFR     II         UGANDA        MOMBASA      WFP          PB              PBL-YP      NORF       5,776,052         2,620.00        A       MAERSK     05/25/05   115.00

  035       E-S AFR     II         UGANDA        MOMBASA      WFP          PB              PBL-YP      NORF       1,851,864         840.00          A       MAERSK     05/25/05   115.00

  035       E-S AFR     II         UGANDA        MOMBASA      WFP          PB              PBL-YP      NORF       198,414           90.00           A       MAERSK     05/25/05   115.00

  035       E-S AFR     II         UGANDA        MOMBASA      WFP          PB              PBL-YP      NORF       308,644           140.00          A       MAERSK     05/25/05   115.00

  035       E-S AFR     II         UGANDA        MOMBASA      WFP          P               CSB         HOUS       264,552           120.00          A       MSL        05/25/05   145.00

  035       E-S AFR     II         UGANDA        MOMBASA      WFP          PB              PBL-YP      HOUS       771,610           350.00          A       MAERSK     05/25/05   145.00

  035       E-S AFR     II         UGANDA        MOMBASA      WFP          PB              PBL-YP      HOUS       308,644           140.00          A       MAERSK     05/25/05   145.00

  035       E-S AFR     II         UGANDA        MOMBASA      WFP          PB              PBL-YP      HOUS       617,288           280.00          A       MAERSK     05/25/05   145.00

  035       E-S AFR     II         UGANDA        MOMBASA      WFP          PB              PBL-YP      HOUS       617,288           280.00          A       MAERSK     05/25/05   145.00

  035       E-S AFR     II         UGANDA        MOMBASA      WFP          PB              PBL-YP      HOUS       925,932           420.00          A       MAERSK     05/25/05   145.00

  035       E-S AFR     II         UGANDA        MOMBASA      WFP          PB              PBL-YP      HOUS       1,080,254         490.00          A       MAERSK     05/25/05   145.00

  035       E-S AFR     II         UGANDA        MOMBASA      WFP          PB              PBL-YP      HOUS       308,644           140.00          A       MAERSK     05/25/05   145.00

  035       E-S AFR     II         UGANDA        MOMBASA      WFP          PB              PBL-YP      JACI       639,334           290.00          A       LIBERTY    05/25/05   143.00

  035       E-S AFR     II         UGANDA        MOMBASA      WFP          PB              PBL-YP      JACI       1,543,220         700.00          A       LIBERTY    05/25/05   143.00

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **21,031,884**    **9,540.00**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **TRADE ROUTE                          **63,404,284**    **28,759.99**                                 
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                    **P**   **B**                 

                                                                                                                                                    **F**   **F**                 

            **TRADE**                                                                                                                               **L**   **L SHIP** **DATE**   

  **INV**   **ROUTE**   **PRGM**   **COUNTRY**   **DIS.       **AGENCY**   **GRP**         **COMM.**   **PORT**   **CONTRACT LBS**  **METRIC TONS** **G**   **G LINE** **AT       **RATE/MT**
                                                 PORT**                                                                                                                PORT**     

  035       MED BASIN   II         TAJIKISTAN    DUSHANBE     CARE         P               AP          BNO        1,146,392         520.00          A       LYKES      05/25/05   245.76

  035       MED BASIN   II         TAJIKISTAN    DUSHANBE     CARE         P               AP          BNO        749,564           340.00          A       LYKES      05/10/05   245.76

  035       MED BASIN   II         TAJIKISTAN    DUSHANBE     CARE         P               AP          BNO        749,564           340.00          A       LYKES      05/25/05   245.76

  035       MED BASIN   II         TAJIKISTAN    DUSHANBE     CARE         V               OIL-VEG     HOUS       2,204,593         1,000.00        A       MSL        05/10/05   300.00

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **4,850,113**     **2,200.00**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

  035       MED BASIN   II         WEST BANK G   ASHDOD       IEFR         P               AP          NORF       1,918,002         870.00          A       P&O NED    05/25/05   119.00

  035       MED BASIN   II         WEST BANK G   ASHDOD       IEFR         P               AP          NORF       4,254,878         1,930.00        A       P&O NED    05/25/05   119.00

  035       MED BASIN   II         WEST BANK G   ASHDOD       IEFR         P               AP          NORF       352,736           160.00          A       P&O NED    05/10/05   119.00

  035       MED BASIN   II         WEST BANK G   ASHDOD       IEFR         P               AP          NORF       529,104           240.00          A       P&O NED    05/25/05   119.00

  035       MED BASIN   II         WEST BANK G   ASHDOD       IEFR         P               AP          NORF       970,024           440.00          A       P&O NED    05/10/05   119.00

  035       MED BASIN   II         WEST BANK G   ASHDOD       IEFR         P               AP          NORF       1,036,162         470.00          A       P&O NED    05/10/05   119.00

  035       MED BASIN   II         WEST BANK G   ASHDOD       IEFR         P               AP          NORF       1,212,530         550.00          A       P&O NED    05/25/05   119.00

  035       MED BASIN   II         WEST BANK G   ASHDOD       IEFR         P               AP          NORF       793,656           360.00          A       P&O NED    05/25/05   119.00

  035       MED BASIN   II         WEST BANK G   ASHDOD       IEFR         P               AP          LCHI       6,437,432         2,920.00        A       MSL        05/10/05   114.00

  035       MED BASIN   II         WEST BANK G   ASHDOD       IEFR         P               AP          LCHI       1,102,300         500.00          A       MSL        05/25/05   114.00

  035       MED BASIN   II         WEST BANK G   ASHDOD       IEFR         P               AP          LCHI       440,920           200.00          A       MSL        05/25/05   114.00

  035       MED BASIN   II         WEST BANK G   ASHDOD       IEFR         V               OIL-VEG     RCKV       661,397           300.01          A       P&O        05/25/05   172.00

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **19,709,124**    **8,940.01**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **TRADE ROUTE                          **24,559,237**    **11,140.01**                                 
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                    **P**   **B**                 

                                                                                                                                                    **F**   **F**                 

            **TRADE**                                                                                                                               **L**   **L SHIP** **DATE**   

  **INV**   **ROUTE**   **PRGM**   **COUNTRY**   **DIS.       **AGENCY**   **GRP**         **COMM.**   **PORT**   **CONTRACT LBS**  **METRIC TONS** **G**   **G LINE** **AT       **RATE/MT**
                                                 PORT**                                                                                                                PORT**     

  035       RED SEA     II         ETHIOPIA      SODO         WV           V               OIL-VEG     JACI       176,369           80.00           A       LIBERTY    05/25/05   224.75

  035       RED SEA     II         ETHIOPIA      SODO         WV           P               CSB         LCHI       198,414           90.00           A       APL        05/25/05   260.78

  035       RED SEA     II         ETHIOPIA      SODO         WV           PB              PBL-YP      LCHI       705,472           320.00          A       APL        05/25/05   260.78

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **1,080,255**     **490.00**                                    
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

  035       RED SEA     II         IRAQ          AQABA        IEFR         P               AP          LCHI       154,322           70.00           A       MSL        05/25/05   167.00

  035       RED SEA     II         IRAQ          AQABA        IEFR         P               AP          LCHI       2,777,796         1,260.00        A       MSL        05/25/05   167.00

  035       RED SEA     II         IRAQ          AQABA        IEFR         P               AP          LCHI       2,160,508         980.00          A       MSL        05/10/05   167.00

  035       RED SEA     II         IRAQ          AQABA        IEFR         P               AP          LCHI       815,702           370.00          A       MSL        05/25/05   167.00

  035       RED SEA     II         IRAQ          AQABA        IEFR         P               AP          LCHI       2,204,600         1,000.00        A       MSL        05/10/05   167.00

  035       RED SEA     II         IRAQ          AQABA        IEFR         P               AP          LCHI       2,248,692         1,020.00        A       MSL        05/10/05   167.00

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **10,361,620**    **4,700.00**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

  035       RED SEA     II         SUDAN         PORT SUDAN   IEFR         P               CSB         BMEM       132,276           60.00           A       WATERMAN   05/10/05   155.35

  035       RED SEA     II         SUDAN         PORT SUDAN   ADRA         P               PBL-LE      BMEM       110,230           50.00           A       WATERMAN   05/25/05   155.35

  035       RED SEA     II         SUDAN         PORT SUDAN   ICRC         P               PBL-LE      BMEM       110,230           50.00           A       WATERMAN   05/25/05   155.35

  035       RED SEA     II         SUDAN         PORT SUDAN   ICRC         P               PBL-LE      BMEM       2,248,692         1,020.00        A       WATERMAN   05/25/05   155.35

  035       RED SEA     II         SUDAN         PORT SUDAN   ICRC         P               PBL-LE      BMEM       308,644           140.00          A       WATERMAN   05/25/05   155.35

  035       RED SEA     II         SUDAN         PORT SUDAN   IEFR         P               CSB         JACI       661,380           300.00          A       LIBERTY    05/10/05   143.00

  035       RED SEA     II         SUDAN         PORT SUDAN   IEFR         P               CSB         JACI       771,610           350.00          A       LIBERTY    05/25/05   143.00

  035       RED SEA     II         SUDAN         PORT SUDAN   IEFR         P               CSB         JACI       66,138            30.00           A       LIBERTY    05/25/05   143.00

  035       RED SEA     II         SUDAN         PORT SUDAN   CARE         V               OIL-VEG     RCKV       440,920           200.00          A       P&O        05/10/05   172.00

  035       RED SEA     II         SUDAN         PORT SUDAN   ADRA         BG              MI          JACI       1,014,116         460.00          A       LIBERTY    05/22/05   143.00

  035       RED SEA     II         SUDAN         PORT SUDAN   ICRC         BG              MI          JACI       3,306,900         1,500.00        A       LIBERTY    05/22/05   143.00

  035       RED SEA     II         SUDAN         PORT SUDAN   ICRC         V               OIL-VEG     LCHI       396,819           180.00          A       MSL        05/25/05   172.00

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **9,567,964**     **4,340.00**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

  035       RED SEA     II         UNITED ARAB   PREPO PT RA  OPTC         P               CM          NORF       275,575           125.00          A       MSL        05/10/05   115.00

  035       RED SEA     II         UNITED ARAB   PREPO PT RA  OPTC         P               CM          NORF       275,575           125.00          A       MSL        05/25/05   115.00

  035       RED SEA     II         UNITED ARAB   PREPO PT RA  OPTC         P               CM          NORF       1,521,174         690.00          A       MSL        05/10/05   115.00

  035       RED SEA     II         UNITED ARAB   PREPO PT RA  OPTC         P               CM          NORF       925,932           420.00          A       MSL        05/25/05   115.00

  035       RED SEA     II         UNITED ARAB   PREPO PT RA  OPTC         P               CM          NORF       264,552           120.00          A       MSL        05/25/05   115.00

  035       RED SEA     II         UNITED ARAB   PREPO PT RA  OPTC         V               OIL-VEG     HOUS       484,979           219.99          A       MSL        05/25/05   160.00

  035       RED SEA     II         UNITED ARAB   PREPO PT RA  OPTC         BG              MI          JACI       4,409,200         2,000.00        A       LIBERTY    05/22/05   143.00

  035       RED SEA     II         UNITED ARAB   PREPO PT RA  OPTC         P               PBL-LE      LCHI       2,204,600         1,000.00        F       MED SHIP   05/25/05   119.00

  035       RED SEA     II         UNITED ARAB   PREPO PT RA  OPTC         P               PBL-YS      LCHI       2,204,600         1,000.00        F       MED SHIP   05/25/05   119.00

  035       RED SEA     II         UNITED ARAB   PREPO PT RA  OPTC         P               CM          RCAM       1,146,392         520.00          A       P&O        05/10/05   157.00

  035       RED SEA     II         UNITED ARAB   PREPO PT RA  OPTC         P               CSB         RCAM       4,409,200         2,000.00        A       P&O        05/10/05   157.00

  035       RED SEA     II         UNITED ARAB   PREPO PT RA  OPTC         V               OIL-VEG     RCKV       1,741,634         790.00          A       P&O        05/10/05   172.00

  035       RED SEA     II         UNITED ARAB   PREPO PT RA  OPTC         V               OIL-VEG     RCKV       1,631,405         740.00          A       P&O        05/25/05   172.00

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **21,494,828**    **9,749.99**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **TRADE ROUTE                          **42,504,667**    **19,279.99**                                 
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                    **P**   **B**                 

                                                                                                                                                    **F**   **F**                 

            **TRADE**                                                                                                                               **L**   **L SHIP** **DATE**   

  **INV**   **ROUTE**   **PRGM**   **COUNTRY**   **DIS.       **AGENCY**   **GRP**         **COMM.**   **PORT**   **CONTRACT LBS**  **METRIC TONS** **G**   **G LINE** **AT       **RATE/MT**
                                                 PORT**                                                                                                                PORT**     

  035       S-E ASIA    II         AFGHANISTAN   KARACHI      WFP          V               OIL-VEG     HOUS       3,306,890         1,500.00        A       MSL        05/25/05   160.00

  035       S-E ASIA    II         AFGHANISTAN   CHITTAGONG   SC           BG              HRW         JACI       4,453,292         2,202.00        F       MSL        05/22/05   285.00

  035       S-E ASIA    II         AFGHANISTAN   CHITTAGONG   SC           V               OIL-VEG     LCHI       749,558           340.00          A       APL        05/25/05   165.84

  035       S-E ASIA    II         AFGHANISTAN   CHITTAGONG   SC           P               PBL         LCHI       749,564           340.00          A       APL        05/25/05   144.21

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **9,259,304**     **4,200.00**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **TRADE ROUTE                          **9,259,304**     **4,200.00**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                    **P**   **B**                 

                                                                                                                                                    **F**   **F**                 

            **TRADE**                                                                                                                               **L**   **L SHIP** **DATE**   

  **INV**   **ROUTE**   **PRGM**   **COUNTRY**   **DIS.       **AGENCY**   **GRP**         **COMM.**   **PORT**   **CONTRACT LBS**  **METRIC TONS** **G**   **G LINE** **AT       **RATE/MT**
                                                 PORT**                                                                                                                PORT**     

  035       SO AM       II         BOLIVIA       MATARANI     SC           P               AP          JACI       440,920           200.00          F       WCIE       05/25/05   128.95

  035       SO AM       II         BOLIVIA       MATARANI     SC           P               AP          JACI       264,552           120.00          F       WCIE       05/25/05   128.95

  035       SO AM       II         BOLIVIA       MATARANI     SC           P               AP          JACI       1,631,404         740.00          F       WCIE       05/10/05   128.95

  035       SO AM       II         BOLIVIA       MATARANI     SC           P               AP          JACI       1,675,496         760.00          F       WCIE       05/25/05   128.95

  035       SO AM       II         BOLIVIA       MATARANI     SC           P               CSB         JACI       551,150           250.00          F       WCIE       05/10/05   128.95

  035       SO AM       II         BOLIVIA       MATARANI     SC           PB              PBL-GP      JACI       154,322           70.00           F       WCIE       05/25/05   128.95

  035       SO AM       II         BOLIVIA       MATARANI     SC           P               PBL-LE      JACI       595,242           270.00          F       WCIE       05/25/05   128.95

  035       SO AM       II         BOLIVIA       MATARANI     SC           P               WSB         JACI       352,736           160.00          F       WCIE       05/10/05   128.95

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **5,665,822**     **2,570.00**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **TRADE ROUTE                          **5,665,822**     **2,570.00**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                    **P**   **B**                 

                                                                                                                                                    **F**   **F**                 

            **TRADE**                                                                                                                               **L**   **L SHIP** **DATE**   

  **INV**   **ROUTE**   **PRGM**   **COUNTRY**   **DIS.       **AGENCY**   **GRP**         **COMM.**   **PORT**   **CONTRACT LBS**  **METRIC TONS** **G**   **G LINE** **AT       **RATE/MT**
                                                 PORT**                                                                                                                PORT**     

  035       W AFR       II         ANGOLA        LOBITO       WFP          P               CSB         JACI       1,102,300         500.00          A       SEALIFT    05/25/05   198.85

  035       W AFR       II         ANGOLA        LOBITO       WFP          V               OIL-VEG     JACI       1,102,297         500.00          F       SEALIFT    05/10/05   93.00

  035       W AFR       II         ANGOLA        LOBITO       WFP          PB              PBL-GP      JACI       2,094,370         950.00          A       SEALIFT    05/25/05   198.85

                                                                                                                                                                                  

                                                                           **DESTINATION                          **4,298,967**     **1,950.00**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

  035       W AFR       II         BENIN         COTONOU      CRS          R               MR          LC         2,535,290         1,150.00        F       SEALIFT    05/25/05   93.00

  035       W AFR       II         BENIN         COTONOU      CRS          R               MR          LC         2,425,060         1,100.00        F       SEALIFT    05/10/05   93.00

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **4,960,350**     **2,250.00**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

  035       W AFR       II         IVORY COAST   ABIDJAN      WFP          P               CM          JACI       881,840           400.00          A       SEALIFT    05/25/05   198.85

  035       W AFR       II         IVORY COAST   ABIDJAN      WFP          P               CM          JACI       881,840           400.00          A       SEALIFT    05/25/05   198.85

  035       W AFR       II         IVORY COAST   ABIDJAN      WFP          P               CM          JACI       2,116,416         960.00          A       SEALIFT    05/10/05   198.85

  035       W AFR       II         IVORY COAST   ABIDJAN      WFP          P               CM          JACI       529,104           240.00          A       SEALIFT    05/25/05   198.85

  035       W AFR       II         IVORY COAST   ABIDJAN      WFP          P               CSB         JACI       881,840           400.00          A       SEALIFT    05/10/05   198.85

  035       W AFR       II         IVORY COAST   ABIDJAN      WFP          P               PBL-PE      JACI       198,414           90.00           A       SEALIFT    05/25/05   198.85

  035       W AFR       II         IVORY COAST   ABIDJAN      WFP          P               PBL-PE      JACI       154,322           70.00           A       SEALIFT    05/25/05   198.85

  035       W AFR       II         IVORY COAST   ABIDJAN      WFP          P               PBL-PE      LC         529,104           240.00          F       SEALIFT    05/25/05   93.00

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **6,172,880**     **2,800.00**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

  035       W AFR       II         MAURITANIA    NOUAKCHOTT   WFP          P               PBL-YS      LC         1,410,944         640.00          A       ACT        05/25/05   250.00

  035       W AFR       II         SENEGAL       DAKAR        CPI          R               MR          JACI       992,070           450.00          A       SEALIFT    05/10/05   198.85

  035       W AFR       II         SENEGAL       DAKAR        CPI          R               MR          JACI       1,918,002         870.00          A       SEALIFT    05/10/05   198.85

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **4,321,016**     **1,960.00**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

  035       W AFR       II         SIERRA LEON   FREETOWN     CARE         P               BW          JACI       2,910,072         1,320.00        A       LIBERTY    05/10/05   198.85

  035       W AFR       II         SIERRA LEON   FREETOWN     CARE         R               MR          JACI       2,204,600         1,000.00        A       SEALIFT    05/25/05   198.85

  035       W AFR       II         SIERRA LEON   FREETOWN     CARE         P               PBL-LE      JACI       485,012           220.00          A       SEALIFT    05/25/05   198.85

  035       W AFR       II         SIERRA LEON   FREETOWN     CARE         P               PBL-LE      JACI       330,690           150.00          A       SEALIFT    05/25/05   198.85

  035       W AFR       II         SIERRA LEON   FREETOWN     CARE         R               MR          LC         4,409,200         2,000.00        F       SEALIFT    05/25/05   93.00

  035       W AFR       II         SIERRA LEON   FREETOWN     CARE         R               MR          LC         4,425,060         1,000.00        F       SEALIFT    05/10/05   93.00

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **DESTINATION                          **12,764,634**    **5,790.00**                                  
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

  035       W AFR       II         LIBERIA       MONROVIA     CRS          V               OIL-VEG     RCKV       110,230           50.00           A       P&O        05/10/05   172.00

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **TRADE ROUTE                          **32,680,077**    **14,800.00**                                 
                                                                           TOTAL**                                                                                                

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                           **GRAND TOTAL**                        **194,343,364**   **88,129.99**                                 

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  

                                                                                                                                                                                  
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