SAMTAREL INTERNATIONAL TRANSPORT AGENCIES, INC.

HOUSTON, TEXAS

Phone: (281) 360 - 5165 * Fax: (281) 966-1824 * Email: chartering@samtarel.com

FOR REGULAR UPDATED CARGOES PLEASE SEND AN EMAIL TO chartering@samtarel.com with your company information and email address requesting addition to our cargo requirement list.

As of February 4, 2004 we have for the following cargoes for our US based direct principals:

Cargoes!

25,000 Metric tons Rebars in 20’ and 40’ lengths / 1 – 2 metric ton bundles

Szczecin / Houston and / or New Orleans

End February / FH March

4,000 WWDSHEX / 4,000 WWDSHINC

Gencon 3.75% total inc address

30,000 metric tons Rebars in 20’ and 40’ lengths / 1 – 2 metric ton bundles

Osaka and / or Nagoya / Houston

March 15/30

4,000 WWDSHINC / 4,000 WWDSHINC

Gencon 3.75% total inc address

14,500 metric tons Galvanized Steel Coils 10 – 17 metric ton PC WT

Muuga, Estonia / Novolog (Philadelphia)

February 16/27

3,000 try 4,000 WWDSHINC load / 4,000 WWDSHEX discharge

Gecon 3.75% total inc address

4,000 metric tons Bauxite in bulk

Linden, Guyana / Lagos

Feb 23 / 05 March (try little earlier)

1 Day SHINC / 1,200 SHEX

3.75% total inc address

Please propose suitable vessels.