CHINA TRANSWORLD SHIPPING CORPORATION 
    3333 Binhai Street,Liaoning,China
    Tel: (0411)5000000 Fax:(0411)5000001
    Zip code:116001
    September 13,2003
    Mr.Jason Goodman
    Senior Shipping Clerk
    Northgranary Cereals,Inc.
    616 Taiyangdao Street
    Harbin 116001
    Dear Mr.Goodman:
    Thank you for your fax of September 11. We are pleased to inform you that we have been able to secure the vessel you asked for.
    She is the SS Bohai and is docked at present in Lianyungang.She has a cargo capacity of eight thousand tons,is a bulk carrier,and has a speed of 24 knots which will certainly be able to make the number of trips you mentioned.
    Please fax us to confirm the charter and we will send you the charter party.
    Yours sincerely,
    Liu Hanchen
    Charter Department