PCIMS FOCUS REPORTING SYTEM

PROD CARGO AVAILABLE FOR FLAGGING DATE 12/09/03

MFE374AD INVITATION 123 & 123C TIME 08.49.32

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                                                                                                                                                           **P**   **B**                  

                                                                                                                                                           **F**   **F**                  

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

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

  123       CENT AM     II              GUATEMALA     SANTO TOMAS   SG           R               MR          HOUS       1,278,668         580.00           A       MAERSK      02/25/04   81.00

  123       CENT AM     II              GUATEMALA     SANTO TOMAS   SG           V               OIL-VEG     LC         110,225           50.00            A       ACT         02/10/04   90.00

  123       CENT AM     II              GUATEMALA     SANTO TOMAS   SG           P               CSB         NO         1,587,312         720.00           A       MAERSK      02/25/04   71.50

  123       CENT AM     II              GUATEMALA     SANTO TOMAS   SG           P               PBL-BK      NO         573,196           260.00           A       MSL         02/10/04   71.50

  123       CENT AM     II              GUATEMALA     SANTO TOMAS   SG           V               OIL-VEG     RCKV       286,594           130.00           A       MSL         02/10/04   120.50

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **DESTINATION                          **3,835,995**     **1,740.00**                                    
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

  123       CENT AM     II              HAITI         LES CAYES     CRS          P               PBL-LE      LC         220,460           100.00           A       MAYBANK     02/10/04   145.00

  123       CENT AM     II              HAITI         LES CAYES     CRS          P               SFBW        LC         661,380           300.00           A       MAYBANK     02/25/04   145.00

  123       CENT AM     II              HAITI         PORT AU PRI   CRS          P               PBL-LE      LC         154,322           70.00            A       MAYBANK     02/25/04   115.00

  123       CENT AM     II              HAITI         PORT AU PRI   CRS          P               PBL-LE      LC         66,138            30.00            A       MAYBANK     02/10/04   114.99

  123       CENT AM     II              HAITI         PORT AU PRI   CRS          P               SFBW        LC         749,564           340.00           A       MAYBANK     02/25/04   115.00

  123       CENT AM     II              HAITI         PORT AU PRI   CRS          P               SFBW        LC         132,276           60.00            A       MAYBANK     02/25/04   115.00

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **DESTINATION                          **1,984,140**     **900.00**                                      
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **TRADE ROUTE                          **5,820,135**     **2,640.00**                                    
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                           **P**   **B**                  

                                                                                                                                                           **F**   **F**                  

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

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

  123       E INDIES    II              INDONESIA     ATAPUPU       CRS          P               WSB         BCHI       110,230           50.00            A       APL         02/10/04   211.53

  123       E INDIES    II              INDONESIA     ATAPUPU       CRS          R               MR          RLC        1,322,760         600.00           A       APL         02/10/04   213.24

  123       E INDIES    II              INDONESIA     LARANTUKA     CRS          R               MR          RLC        1,322,760         600.00           A       APL         02/10/04   213.24

  123       E INDIES    II              INDONESIA     SEMARANG      CRS          P               WSB         BCHI       176,368           80.00            A       APL         02/10/04   211.53

  123       E INDIES    II              INDONESIA     SEMARANG      CRS          R               MR          RLC        1,322,760         600.00           A       APL         02/10/04   213.24

  123       E INDIES    II              INDONESIA     WAINGAPU      CRS          P               WSB         BCHI       154,322           70.00            A       APL         02/10/04   211.53

  123       E INDIES    II              INDONESIA     WAINGAPU      CRS          R               MR          RLC        1,014,116         460.00           A       APL         02/10/04   213.24

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **DESTINATION                          **5,423,316**     **2,460.00**                                    
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **TRADE ROUTE                          **5,423,316**     **2,460.00**                                    
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                           **P**   **B**                  

                                                                                                                                                           **F**   **F**                  

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

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

  123       E-S AFR     II              DEM RPBLC C   MOMBASA       WFP          PB              PBL-PI      NORF       220,460           100.00           A       P&O NED     02/10/04   159.00

  123       E-S AFR     II              DEM RPBLC C   MOMBASA       WFP          PB              PBL-PI      NORF       617,288           280.00           A       P&O NED     02/25/04   159.00

  123       E-S AFR     II              DEM RPBLC C   MOMBASA       WFP          P               CM          NO         5,136,718         2,330.00         A       LYKES       02/10/04   136.70

  123       E-S AFR     II              DEM RPBLC C   MOMBASA       WFP          P               CM          NO         5,136,718         2,330.00         A       LYKES       02/25/04   136.70

  123       E-S AFR     II              DEM RPBLC C   MOMBASA       WFP          P               CM          NO         1,763,680         800.00           A       LYKES       02/10/04   136.70

  123       E-S AFR     II              DEM RPBLC C   MOMBASA       WFP          P               PBL-LE      NO         308,644           140.00           A       LYKES       02/10/04   145.00

  123       E-S AFR     II              DEM RPBLC C   MOMBASA       WFP          P               PBL-LE      NO         661,380           300.00           A       LYKES       02/25/04   145.00

  123       E-S AFR     II              DEM RPBLC C   MOMBASA       WFP          P               PBL-LE      NO         308,644           140.00           A       LYKES       02/10/04   145.00

  123       E-S AFR     II              DEM RPBLC C   MOMBASA       WFP          P               PBL-LE      NO         22,046            10.00            A       LYKES       02/10/04   145.00

  123       E-S AFR     II              DEM RPBLC C   MOMBASA       WFP          PB              PBL-PI      NO         154,322           70.00            A       LYKES       02/10/04   145.00

  123       E-S AFR     II              DEM RPBLC C   MOMBASA       WFP          PB              PBL-PI      NO         308,644           140.00           A       LYKES       02/10/04   145.00

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **DESTINATION                          **14,638,544**    **6,640.00**                                    
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

  123       E-S AFR     II              KENYA         MOMBASA       WFP          P               AP          BNO        1,763,680         800.00           F       LYKES       02/10/04   141.70

  123       E-S AFR     II              KENYA         MOMBASA       WFP          P               AP          NO         4,409,200         2,000.00         A       LYKES       02/10/04   136.70

  123       E-S AFR     II              KENYA         MOMBASA       WFP          P               AP          NO         220,460           100.00           A       LYKES       02/10/04   136.70

  123       E-S AFR     II              KENYA         MOMBASA       WFP          P               AP          NO         2,425,060         1,100.00         A       LYKES       02/25/04   136.70

  123       E-S AFR     II              KENYA         MOMBASA       WFP          P               AP          NO         2,204,600         1,000.00         A       LYKES       02/25/04   279.96

  123       E-S AFR     II              KENYA         MOMBASA       WFP          P               CSB         NO         2,204,600         1,000.00         A       LYKES       02/25/04   136.70

  123       E-S AFR     II              KENYA         MOMBASA       WFP          P               PBL-GS      LCHI       573,196           260.00           F       MSL         02/10/04   150.00

  123       E-S AFR     II              KENYA         MOMBASA       WFP          P               PBL-GS      LCHI       573,196           260.00           F       MSL         02/25/04   150.00

  123       E-S AFR     II              KENYA         MOMBASA       WFP          P               PBL-YS      LCHI       462,966           210.00           A       MSL         02/10/04   150.00

  123       E-S AFR     II              KENYA         MOMBASA       WFP          P               PBL-YS      LCHI       462,966           210.00           A       MSL         02/25/04   150.00

  123       E-S AFR     II              KENYA         MOMBASA       WFP          P               PBL-YS      LCHI       132,276           60.00            A       MSL         02/10/04   150.00

  123       E-S AFR     II              KENYA         MOMBASA       WFP          P               PBL-YS      LCHI       132,276           60.00            A       MSL         02/25/04   150.00

  123       E-S AFR     II              KENYA         MOMBASA       WFP          P               PBL-YS      LCHI       154,322           70.00            A       MSL         02/10/04   150.00

  123       E-S AFR     II              KENYA         MOMBASA       WFP          P               PBL-YS      LCHI       154,322           70.00            A       MSL         02/25/04   150.00

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **DESTINATION                          **15,873,120**    **7,200.00**                                    
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

  123       E-S AFR     II              MADAGASCAR    TOAMASINA     CARE         P               CSB         NORF       1,256,622         570.00           F       P&O         02/25/04   119.00

  123       E-S AFR     II              MADAGASCAR    TOAMASINA     CRS          P               CSB         NORF       132,276           60.00            F       P&O         02/25/04   119.00

  123       E-S AFR     II              MADAGASCAR    TOAMASINA     CRS          P               PBL-PE      NORF       154,322           70.00            F       P&O NED     02/10/04   119.00

  123       E-S AFR     II              MADAGASCAR    TOAMASINA     CARE         R               MR          LC         992,070           450.00           F       SEALIFT     02/10/04   150.00

  123       E-S AFR     II              MADAGASCAR    TOAMASINA     CARE         R               MR          LC         881,840           400.00           F       SEALIFT     02/25/04   150.00

  123       E-S AFR     II              MADAGASCAR    TOAMASINA     CRS          R               MR          LC         837,748           380.00           F       SEALIFT     02/10/04   150.00

  123       E-S AFR     II              MADAGASCAR    TOAMASINA     CARE         V               OIL-VEG     RMEM       396,825           180.00           A       P&O         02/10/04   142.00

  123       E-S AFR     II              MADAGASCAR    TOAMASINA     CRS          V               OIL-VEG     RMEM       44,080            19.99            A       P&O         02/10/04   142.00

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **DESTINATION                          **4,695,783**     **2,129.99**                                    
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

  123       E-S AFR     II              MALAWI        BLANTYRE      CRS          P               CM          JACI       132,276           60.00            F       SEALIFT     02/25/04   220.00

  123       E-S AFR     II              MALAWI        BLANTYRE      CRS          P               CM          JACI       1,388,898         630.00           F       SEALIFT     02/10/04   220.00

  123       E-S AFR     II              MALAWI        BLANTYRE      CRS          P               CM          JACI       716,495           325.00           F       SEALIFT     02/10/04   220.00

  123       E-S AFR     II              MALAWI        BLANTYRE      CRS          P               CM          JACI       848,771           385.00           F       SEALIFT     02/25/04   220.00

  123       E-S AFR     II              MALAWI        BLANTYRE      CRS          P               CM          JACI       551,150           250.00           F       SEALIFT     02/25/04   220.00

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **DESTINATION                          **3,637,590**     **1,650.00**                                    
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

  123       E-S AFR     II              RWANDA        MOMBASA       WV           PB              PBL-DR      NO         154,322           70.00            A       LYKES       02/10/04   145.00

  123       E-S AFR     II              RWANDA        MOMBASA       WV           PB              PBL-DR      NO         308,644           140.00           A       LYKES       02/10/04   145.00

  123       E-S AFR     II              RWANDA        MOMBASA       WV           PB              PBL-DR      NO         308,644           140.00           A       LYKES       02/25/04   145.00

  123       E-S AFR     II              RWANDA        MOMBASA       WV           PB              PBL-DR      NO         88,184            40.00            A       LYKES       02/25/04   145.00

  123       E-S AFR     II              RWANDA        MOMBASA       WV           PB              PBL-DR      NO         1,080,254         490.00           A       LYKES       02/25/04   145.00

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **DESTINATION                          **1,940,048**     **880.00**                                      
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

  123       E-S AFR     II              S AFRICA RE   BEIRA         WV           P               CM          JACI       992,070           450.00           F       SEALIFT     02/10/04   110.00

  123       E-S AFR     II              S AFRICA RE   BEIRA         WV           P               CM          JACI       992,070           450.00           F       SEALIFT     02/25/04   110.00

  123       E-S AFR     II              S AFRICA RE   BEIRA         WV           P               CM          JACI       992,070           450.00           F       SEALIFT     02/25/04   110.00

  123       E-S AFR     II              S AFRICA RE   BEIRA         WV           P               CM          JACI       1,300,714         590.00           F       SEALIFT     02/10/04   110.00

  123       E-S AFR     II              S AFRICA RE   BEIRA         WV           P               CM          JACI       3,108,486         1.410.00         F       SEALIFT     02/10/04   110.00

  123       E-S AFR     II              S AFRICA RE   BEIRA         WV           P               CM          JACI       4,453,292         2,020.00         F       SEALIFT     02/25/04   110.00

  123       E-S AFR     II              S AFRICA RE   BEIRA         WV           P               CM          JACI       4,497,384         2,040.00         F       SEALIFT     02/10/04   110.00

  123       E-S AFR     II              S AFRICA RE   BEIRA         WV           P               CM          JACI       3,505,314         1,590.00         F       SEALIFT     02/25/04   110.00

  123       E-S AFR     II              S AFRICA RE   BEIRA         IEFR         P               SFCM        JACI       2,469,152         1,120.00         F       SEALIFT     02/10/04   110.00

  123       E-S AFR     II              S AFRICA RE   BEIRA         IEFR         P               SFCM        JACI       3,042,348         1,380.00         F       SEALIFT     02/25/04   110.00

  123       E-S AFR     II              S AFRICA RE   DURBAN        IEFR         PB              PBL-PI      BCHI       2,160,508         980.00           A       P&O NED     02/10/04   204.32

  123       E-S AFR     II              S AFRICA RE   DURBAN        IEFR         PB              PBL-PI      BCHI       2,160,508         980.00           A       P&O NED     02/25/04   204.32

  123       E-S AFR     II              S AFRICA RE   DURBAN        IEFR         PB              PBL-PI      BCHI       462,966           210.00           A       P&O NED     02/25/04   204.32

  123       E-S AFR     II              S AFRICA RE   DURBAN        IEFR         PB              PBL-PI      BCHI       154,322           70.00            A       P&O NED     02/10/04   204.32

  123       E-S AFR     II              S AFRICA RE   DURBAN        IEFR         PB              PBL-PI      NORF       1,432,990         650.00           A       P&O NED     02/10/04   163.00

  123       E-S AFR     II              S AFRICA RE   DURBAN        IEFR         P               SFCM        NORF       7,782,238         3,530.00         A       P&O         02/10/04   163.00

  123       E-S AFR     II              S AFRICA RE   DURBAN        IEFR         P               SFCM        NORF       4,695,798         2,130.00         A       P&O         02/25/04   163.00

  123       E-S AFR     II              S AFRICA RE   DURBAN        WV           P               BW          LCHI       14,550,360        6,600.00         A       MSL         02/10/04   135.00

  123       E-S AFR     II              S AFRICA RE   DURBAN        IEFR         P               CSB         LCHI       4,034,418         1,830.00         A       MSL         02/25/04   135.00

  123       E-S AFR     II              S AFRICA RE   DURBAN        IEFR         P               CSB         LCHI       4,497,384         2,040.00         A       MSL         02/25/04   135.00

  123       E-S AFR     II              S AFRICA RE   DURBAN        IEFR         P               CSB         LCHI       286,598           130.00           A       MSL         02/25/04   135.00

  123       E-S AFR     II              S AFRICA RE   DURBAN        WV           P               CSB         LCHI       462,966           210.00           A       MSL         02/25/04   135.00

  123       E-S AFR     II              S AFRICA RE   DURBAN        WV           P               CSB         LCHI       11,838,702        5,370.00         A       MSL         02/10/04   135.00

  123       E-S AFR     II              S AFRICA RE   DURBAN        WV           P               CSB         LCHI       1,410,944         640.00           A       MSL         02/25/04   135.00

  123       E-S AFR     II              S AFRICA RE   DURBAN        WV           P               CSB         LCHI       3,924,188         1,780.00         A       MSL         02/25/04   135.00

  123       E-S AFR     II              S AFRICA RE   DURBAN        IEFR         PB              PBL-PI      LCHI       771,610           350.00           A       MSL         02/10/04   135.00

  123       E-S AFR     II              S AFRICA RE   DURBAN        IEFR         PB              PBL-PI      LCHI       462,966           210.00           A       MSL         02/25/04   135.00

  123       E-S AFR     II              S AFRICA RE   DURBAN        IEFR         PB              PBL-PI      LCHI       771,610           350.00           A       MSL         02/10/04   135.00

  123       E-S AFR     II              S AFRICA RE   DURBAN        IEFR         PB              PBL-PI      LCHI       771,610           350.00           A       MSL         02/25/04   135.00

  123       E-S AFR     II              S AFRICA RE   DURBAN        IEFR         PB              PBL-PI      LCHI       110,230           50.00            A       MSL         02/25/04   135.00

  123       E-S AFR     II              S AFRICA RE   DURBAN        WV           PB              PBL-PI      LCHI       385,805           175.00           A       MSL         02/10/04   135.00

  123       E-S AFR     II              S AFRICA RE   DURBAN        WV           PB              PBL-PI      LCHI       275,575           125.00           A       MSL         02/25/04   135.00

  123       E-S AFR     II              S AFRICA RE   DURBAN        IEFR         P               SFCM        LCHI       4,783,982         2,170.00         A       MSL         02/10/04   135.00

  123       E-S AFR     II              S AFRICA RE   DURBAN        IEFR         P               SFCM        LCHI       4,783,982         2,170.00         A       MSL         02/25/04   135.00

  123       E-S AFR     II              S AFRICA RE   MAPUTO        IEFR         P               SFCM        NORF       5,511,500         2,500.00         A       P&O         02/25/04   163.01

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **DESTINATION                          **103,836,660**   **47,100.00**                                   
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

  123       E-S AFR     II              UGANDA        MOMBASA       WFP          PB              PBL-PI      NORF       1,036,162         470.00           A       P&O NED     02/25/04   159.00

  123       E-S AFR     II              UGANDA        MOMBASA       WFP          PB              PBL-PI      NO         771,610           350.00           A       LYKES       02/10/04   145.00

  123       E-S AFR     II              UGANDA        MOMBASA       WFP          PB              PBL-PI      NO         771,610           350.00           A       LYKES       02/25/04   145.00

  123       E-S AFR     II              UGANDA        MOMBASA       WFP          PB              PBL-PI      NO         771,610           350.00           A       LYKES       02/10/04   145.00

  123       E-S AFR     II              UGANDA        MOMBASA       WFP          PB              PBL-PI      NO         771,610           350.00           A       LYKES       02/25/04   145.00

  123       E-S AFR     II              UGANDA        MOMBASA       WFP          PB              PBL-PI      NO         308,644           140.00           A       LYKES       02/10/04   145.00

  123       E-S AFR     II              UGANDA        MOMBASA       WFP          PB              PBL-PI      NO         462,966           210.00           A       LYKES       02/25/04   145.00

  123       E-S AFR     II              UGANDA        MOMBASA       WFP          PB              PBL-PI      NO         771,610           350.00           A       LYKES       02/10/04   145.00

  123       E-S AFR     II              UGANDA        MOMBASA       WFP          PB              PBL-PI      NO         771,610           350.00           A       LYKES       02/25/04   145.00

  123       E-S AFR     II              UGANDA        MOMBASA       WFP          PB              PBL-PI      NO         1,388,898         630.00           A       LYKES       02/10/04   145.00

  123       E-S AFR     II              UGANDA        MOMBASA       WFP          PB              PBL-PI      NO         1,388,898         630.00           A       LYKES       02/25/04   145.00

  123       E-S AFR     II              UGANDA        MOMBASA       WFP          PB              PBL-PI      NO         617,288           280.00           A       LYKES       02/10/04   145.00

  123       E-S AFR     II              UGANDA        MOMBASA       WFP          PB              PBL-PI      NO         925,932           420.00           A       LYKES       02/25/04   145.00

  123       E-S AFR     II              UGANDA        MOMBASA       WFP          PB              PBL-PI      NO         507,058           230.00           A       LYKES       02/10/04   145.00

  123       E-S AFR     II              UGANDA        MOMBASA       WFP          PB              PBL-PI      NO         1,410,944         640.00           A       LYKES       02/10/04   145.00

  123       E-S AFR     II              UGANDA        MOMBASA       WFP          PB              PBL-PI      NO         242,506           110.00           A       LYKES       02/10/04   145.00

  123       E-S AFR     II              UGANDA        MOMBASA       WFP          PB              PBL-PI      NO         2,160,508         980.00           A       LYKES       02/25/04   145.00

  123       E-S AFR     II              UGANDA        MOMBASA       WFP          PB              PBL-PI      NO         1,234,576         560.00           A       LYKES       02/25/04   145.00

  123       E-S AFR     II              UGANDA        MOMBASA       WFP          PB              PBL-PI      NO         2,006,186         910.00           A       LYKES       02/10/04   145.00

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **DESTINATION                          **18,320,226**    **8,310.00**                                    
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **TRADE ROUTE                          **162,941,971**   **73,909.99**                                   
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                           **P**   **B**                  

                                                                                                                                                           **F**   **F**                  

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

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

  123       MED BASIN              II   ARMENIA       POTI          WFP          P               PBL-LE      BCHI       661,380           300.00           A       P&O NED     02/10/04   180.65

  123       MED BASIN              II   ARMENIA       POTI          WFP          P               AP          PENS       2,072,324         940.00           F       MUTUAL TRA  02/10/04   121.00

  123       MED BASIN              II   ARMENIA       POTI          WFP          P               AP          PENS       3,108,486         1,410.00         F       MUTUAL TRA  02/25/04   121.00

  123       MED BASIN              II   ARMENIA       POTI          WFP          P               AP          PENS       3,152,578         1,430.00         F       MUTUAL TRA  02/25/04   121.00

  123       MED BASIN              II   ARMENIA       POTI          WFP          P               AP          PENS       2,998,256         1,360.00         F       MUTUAL TRA  02/10/04   121.00

  123       MED BASIN              II   ARMENIA       POTI          WFP          P               AP          PENS       2,998,256         1,360.00         F       MUTUAL TRA  02/25/04   121.00

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **DESTINATION                          **14,991,280**    **6,800.00**                                    
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **TRADE ROUTE                          **14,991,280**    **6,800.00**                                    
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

  123       RED SEA                II   ETHIOPIA      DIRE DAWA     CRS          P               CSB         BMEM       66,138            30.00            A       WATERMAN    02/25/04   212.25

  123       RED SEA                II   ETHIOPIA      DIRE DAWA     CRS          P               PBL-LE      BMEM       66,138            30.00            A       WATERMAN    02/25/04   212.25

  123       RED SEA                II   ETHIOPIA      DIRE DAWA     CRS          BG              HRW         JACI       7,716,100         3,500.00         A       WATERMAN    02/07/04   226.25

  123       RED SEA                II   ETHIOPIA      DIRE DAWA     CRS          R               MR          LC         44,092            20.00            A       WATERMAN    02/25/04   226.25

  123       RED SEA                II   ETHIOPIA      DIRE DAWA     CRS          V               OIL-VEG     LCHI       22,064            10.01            A       MSL         02/10/04   201.72

  123       RED SEA                II   ETHIOPIA      DIRE DAWA     CRS          V               OIL-VEG     LMIL       374,803           170.01           A       MSL         02/10/04   205.72

  123       RED SEA                II   ETHIOPIA      DIRE DAWA     CRS          V               OIL-VEG     RMEM       22,064            10.01            A       WATERMAN    02/10/04   267.05

  123       RED SEA                II   ETHIOPIA      KOMBOLCHA     WV           P               CSB         BMEM       132,276           60.00            A       WATERMAN    02/25/04   216.15

  123       RED SEA                II   ETHIOPIA      KOMBOLCHA     WV           BG              HRW         JACI       970,024           440.00           A       WATERMAN    02/07/04   230.15

  123       RED SEA                II   ETHIOPIA      KOMBOLCHA     WV           V               OIL-VEG     BMEM       44,080            19.99            A       WATERMAN    02/10/04   268.35

  123       RED SEA                II   ETHIOPIA      MEKELE        CRS          P               BW          BMEM       2,116,416         960.00           A       WATERMAN    02/10/04   262.95

  123       RED SEA                II   ETHIOPIA      MEKELE        CRS          P               CSB         BMEM       110,230           50.00            A       WATERMAN    02/25/04   262.95

  123       RED SEA                II   ETHIOPIA      MEKELE        WV           P               CSB         BMEM       242,506           110.00           A       WATERMAN    02/25/04   262.95

  123       RED SEA                II   ETHIOPIA      MEKELE        WV           BG              HRW         JACI       2,050,278         930.00           A       WATERMAN    02/07/04   276.95

  123       RED SEA                II   ETHIOPIA      MEKELE        WV           V               OIL-VEG     LCHI       110,225           50.00            A       MSL         02/10/04   240.52

  123       RED SEA                II   ETHIOPIA      NAZARETH      CRS          P               CSB         BMEM       485,012           220.00           A       WATERMAN    02/25/04   225.25

  123       RED SEA                II   ETHIOPIA      NAZARETH      WV           P               CSB         BMEM       242,506           110.00           A       WATERMAN    02/25/04   225.25

  123       RED SEA                II   ETHIOPIA      NAZARETH      CRS          P               PBL-LE      BMEM       88,184            40.00            A       WATERMAN    02/25/04   225.25

  123       RED SEA                II   ETHIOPIA      NAZARETH      WV           BG              HRW         JACI       1,234,576         560.00           A       WATERMAN    02/07/04   239.25

  123       RED SEA                II   ETHIOPIA      NAZARETH      CRS          R               MR          LC         462,966           210.00           A       WATERMAN    02/10/04   239.25

  123       RED SEA                II   ETHIOPIA      NAZARETH      CRS          V               OIL-VEG     LCHI       154,305           69.99            A       MSL         02/10/04   207.52

  123       RED SEA                II   ETHIOPIA      NAZARETH      WV           V               OIL-VEG     LCHI       66,096            29.98            A       MSL         02/10/04   207.52

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **DESTINATION                          **16,821,079**    **7,629.99**                                    
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **TRADE ROUTE                          **16,821,079**    **7,629.99**                                    
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                           **P**   **B**                  

                                                                                                                                                           **F**   **F**                  

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

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

  123       S-E ASIA               II   INDIA         CALCUTTA      CRS          P               BW          LCHI       8,046,790         3,650.00         A       APL         02/25/04   103.18

  123       S-E ASIA               II   INDIA         CALCUTTA      CRS          P               BW          LCHI       2,447,106         1,110.00         A       APL         02/10/24   103.18

  123       S-E ASIA               II   INDIA         MUMBAI        CRS          P               BW          HOUS       6,150,834         2,790.00         F       OLDENDORF   02/10/04   72.48

  123       S-E ASIA               II   INDIA         MUMBAI        CRS          P               BW          HOUS       3,659,636         1,660.00         F       OLDENDORF   02/25/04   72.48

  123       S-E ASIA               II   INDIA         VISHAKHAPAT   CRS          P               BW          LCHI       2,314,830         1,050.00         A       APL         02/25/04   103.18

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **DESTINATION                          **22,619,196**    **10,260.00**                                   
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **TRADE ROUTE                          **22,619,196**    **10,260.00**                                   
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                           **P**   **B**                  

                                                                                                                                                           **F**   **F**                  

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

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

  123       W AFR       II              BENIN         COTONOU       CRS          P               CM          LC         418,874           190.00           A       SEALIFT     02/25/04   137.85

  123       W AFR       II              BENIN         COTONOU       CRS          P               CM          LC         308,644           140.00           A       SEALIFT     02/25/04   137.85

  123       W AFR       II              BENIN         COTONOU       CRS          P               CM          LC         440,920           200.00           A       SEALIFT     02/25/04   137.85

  123       W AFR       II              BENIN         COTONOU       CRS          R               MR          LC         2,535,290         1,150.00         A       SEALIFT     02/10/04   137.85

  123       W AFR       II              BENIN         COTONOU       CRS          R               MR          LC         4,409,200         2,000.00         A       SEALIFT     02/25/04   137.85

  123       W AFR       II              BENIN         COTONOU       CRS          P               WSB         LC         992,070           450.00           A       SEALIFT     02/10/04   137.85

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **DESTINATION                          **9,104,998**     **4,130.00**                                    
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

  123       W AFR       II              BURKINA FAS   LOME          CRS          R               MR          HOUS       1,653,450         750.00           F       NORANDA     02/10/04   77.50

  123       W AFR       II              BURKINA FAS   LOME          CRS          R               MR          HOUS       5,533,546         2,510.00         F       NORANDA     02/25/04   77.50

  123       W AFR       II              BURKINA FAS   LOME          CRS          P               SFBW        HOUS       1,300,714         590.00           F       NORANDA     02/25/04   77.50

  123       W AFR       II              BURKINA FAS   LOME          CRS          P               SFCM        HOUS       1,036,162         470.00           F       NORANDA     02/10/04   77.50

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **DESTINATION                          **9,523,872**     **4,320.00**                                    
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

  123       W AFR       II              GUINEA        CONAKRY       ADRA         V               OIL-VEG     LC         1,499,144         680.01           A       ACT         02/10/04   200.00

  123       W AFR       II              NIGER         COTONOU       AFRC         P               SFBW        JACI       1,741,634         790.00           F       SEALIFT     02/25/04   102.00

  123       W AFR       II              NIGER         COTONOU       AFRC         R               MR          LC         9,303,412         4,220.00         A       SEALIFT     02/10/04   137.85

  123       W AFR       II              NIGER         COTONOU       AFRC         P               SFBW        LC         5,996,512         2,720.00         A       SEALIFT     02/10/04   137.85

  123       W AFR       II              NIGER         COTONOU       AFRC         P               SFBW        LC         3,350,992         1,520.00         A       SEALIFT     02/25/04   137.85

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **DESTINATION                          **21,891,694**    **9,930.01**                                    
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

  123       W AFR       II              W AFR SAHEL   NOUAKCHOTT    IEFR         P               BW          LC         2,755,750         1,250.00         A       SEALIFT     02/10/04   137.85

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **TRADE ROUTE                          **43,276,314**    **19,630.01**                                   
                                                                                 TOTAL**                                                                                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                 **GRAND TOTAL**                        **271,893,291**   **123,329.99**                                  

                                                                                                                                                                                          

                                                                                                                                                                                          

                                                                                                                                                                                          
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