CHINA TRANSWORLD SHIPPING CORPORATION 3333 Binhai Street,Beijing,China Tel:(010)82010000 Fax:(010)8000001 Zip code:100001 September 13,2000 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