IRON ORE - 65,000MT - FROM BIK PORT of IRAN to QINGDAO OR LANSHAN OR RIZHAO PORT of CHINA

CARGO: IRON ORE 50,000-65,000MT (+/-10%)

LAYCAN TIME: 10-15 SEPTEMBER, 2011

LOADING RATE: 8000MT PER DAY

DISCHARGING RATE: 15000MT PER DAY

LOADING PORT : BIK PORT / IRAN

DISCHARGING PORT : QINGDAO OR LANSHAN OR RIZHAO PORT / CHINA

VESSEL AGE: MAX 24 YEARS OLD

FREIGHT RATE: US$20.50/MT

DEM / DESPATCH : USD14,000 / USD 7,000

TURN TIME : 12 HRS

VSL SHALL BE GUARANTEED FOR GRABS AND CRANES FOR LOAD & DISCH PORT WITH (NO FEE) FREE CHARGES FOR CHARTERER.

OWNERS TO PROVIDE CHRTRS WITH VESSELS FULL TRADING CERTIFICATES.

COMM: 3.75 PCT TTL