FIXTURE NOTE

OUR REF: __________/

Dated

IT IS MUTUALLY AGREED BETWEEN:

HEREINAFTER CALLED AS ON BEHAF THE “OWNERS”.

AND
HEREINAFTER CALLED AS THE “CHARTERERS”:

FOR THE CARRIAGE OF CARGO UNDER THE FOLLOWING TERMS AND

CONDITIONS:

M/V PACIFIC

BUILT 1989, MULTI-PURPOSE TWEEN, DWT:16,579T ON 9.07 SSW,

LOA/BM:144.7/22.3MTR, PANAMA FLAG, CCS CLASS,
GT/NT: 10,451/5,740TON, 4HO/4HA, DERRICK 4X15T,
HATCH SIZE: HO 1. 12X10M, HO 2/3/4. 17.6X12.5M
GRAIN/BALE CAPACITY
HO 1. TW1259/1233CBM LW1757/1843CBM
HO 2. TW2130/2109CBM LW3702/3912CBM
HO 3. TW2142/2121CBM LW3125/3180CBM
HO 4. TW2197/2173CBM LW3788/4130CBM
GRAIN:20,793 CBM  BALE:19,906 CBM
ADA WOG. 

- OPEN AT KUWAIT O/A 25TH APRIL. 08'

1- CARGO: 15,000 MT +/- 05 PCT MOLOO PRILLED UREA IN BULK (SF: ABT 52)

2- LOAD : 1-2 SB 1 SP QATAR

3- DISCH : 1-2 SB 1 SP HCMC

4- LOADING RATE : 5,000 MT PER WEATHER WORKING DAY OF 24

CONSECUTIVE HOURS. TIME FROM 1200 HRS ON FRIDAY TILL 0700 HRS ON
SUNDAY NOT TO COUNT AS LAYTIME EVEN IF USED. IF A LOCAL OR A LEGAL

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HOLIDAY PRECEDES  WEEK-END, TIME FROM 5.00 P.M. ON THE PREVIOUS
WORKING DAY UNTIL 8.A.M. ON NEXT WORKING DAY TO BE EXCLUDED AND
NO TIME TO COUNT EVEN IF  USED.SUNDAY IS BEING COUNTED AS NORMAL
WORKING DAY.

5-DISCHARGE RATE:  2,000 MT PER WWD SATPMSHEX EIU BASIS

OWNERS GUARANTEE VSL GEARS MIN 4 X 15MT TS CAPACITY

6- LOADING BERTH (S) – SHIFTING

CARGO WILL BE LOADED FROM ONE SAFE BERTH FOR EACH GRADE VIZ
PRILLED UREA AT BERTH NO.1; BAGGED UREA AT BERTH NO.2. ALL SHIFTING
CHARGES VIZ. TUG CHARGES, PILOTAGE ETC., AND WAITING TIME FOR
SHIFTING FROM  ONE BERTH TO ANOTHER (UNLESS BERTH IS OCCUPIED WITH
ANOTHER VESSEL) FOR LOADING DIFFERENT GRADES OF CARGOES TO BE FOR
OWNERS'S ACCOUNT AND  TIME NOT TO COUNT AS LAYTIME.

7- LAYCAN 26TH APRIL -06 MAY 2008

8- FRT: USD 80  PMT FIOST BSS 1/1

9- DEMURRAGE : USD 17,000, DEM/HALF DESPATCH WORKING TIME SAVED 

BOTH END. DEMURRAGE/DES TO BE SETTLED W/I 30 DAYS FROM COMPLETION
OF  DISCHARGE

10- PAYMENT: 95 PCT FRT LESS ADDCOMM TO BE PAID W/IN 03 BANKING DAY
AFTER  COMPLETION OF LOADING. 05 PCT BALANCE OF FREIGHT TO BE
SETTLED W/IN 30 DAYS AFTER COMPLETION OF DISCHARGING.

11. BS/L ARE TO BE ISSUED "FREIGHT PREPAID" AND "CLEAN ON BOARD" & 
SIGNED BY MASTER.

12- BEFORE LOADING OWNERS UNDERTAKE TO HAVE SHIP'S HOLD CLEANED,

DRY  AND FREE FROM RUST SCALING AND IN EVERY RESPECT READY TO LOAD
AND CARRY THE SPECIFIED BULK CARGO. NOTICE OF READINESS TO LOAD
MAY BE REJECTED  IF SHIPPERS FIND SHIP'S HOLD IN IMPROPER CONDITION.
HOWEVER, ULTIMATELY OWNERS TO BE RESPONSIBLE FOR VESSEL BEING
CLEAN AND FIT FOR  THE CARGO.

IF AFTER BERTHING ANY CLEANING AND/OR DRYING HAS TO BE DONE, SAME

TO BE FOR OWNER'S TIME AND ACCOUNT.

13- OWNERS SHOULD GIVE 7 / 5 / 3 / 2 / 1 DAY / ETA (ESTIMATED TIME OF 

ARRIVAL) AT THE LOADING AND DISCHARGING PORT IN WRITING TO
CHARTERERS/ SHIPPERS/RECEIVERS EITHER DIRECTLY OR THROUGH THE
AGENTS.

14- IN EVENT THE SHIP'S CRANE/DERRICK IS NOT WORKABLE, THE SHORE

CRANE FEE, IF ANY, TO BE FOR OWNER'S ACCOUNT

15- INACCESSIBLE AREAS OF VESSEL NO CARGO TO BE LOADED INTO DEEP

-TANKS OR PLACES NOT EASILY ACCESSIBLE, UNLESS WITH

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SHIPPERS/CHARTERERS CONSENT, IN WHICH CASE ANY EXTRA COSTS AND
ADDITIONAL TIME INCURRED FOR LOADING/STOWAGE TO BE BORNE BY
OWNERS.

16- TRIMMING
TRIMMING PERFORMED BY SHIPPERS TO BE LIMITED TO WHAT CAN BE
CARRIED  OUT BY THEIR LOADING EQUIPMENT (SPOUT TRIMMED)

17- NOR - LAYTIME AT LOADPORT

(A) IF NOTICE OF READINESS (NOR) IS TENDERED BEFORE 10 A.M. DURING 
ORDINARY OFFICE HOURS (0700 TILL 1500 HRS) FROM SUNDAY TILL THURSDAY
LAYTIME WILL COMMENCE:-

AT 1300 HRS ON THE SAME DAY IF THE CARGO HOLDS ARE PASSED BY 
INDEPENDENT SURVEYOR APPOINTED BY SUPPLIERS, OTHERWISE UPON
PASSING HOLDS INSPECTION.

(B) IF NOTICE OF READINESS (NOR) IS TENDERED AFTER 10 A.M. DURING 

ORDINARY OFFICE HOURS (0700 TILL 1500 HRS) FROM SUNDAY TILL THURSDAY
LAYTIME WILL COMMENCE:-

AT 0800 HRS ON NEXT WORKING DAY IF THE CARGO HOLDS ARE PASSED BY 
INDEPENDENT SURVEYOR APPOINTED BY SUPPLIERS, OTHERWISE UPON
PASSING HOLDS INSPECTION.

IF LOADING WORK IS COMMENCED PRIOR ACTUAL LAYTIME, HALF SUCH TIME 

WORKED TO COUNT AS LAYTIME (TIME USED FOR LOADING DURING WEEK-

ENDS AND HOLIDAYS ARE ALWAYS EXCLUDED FROM LAYTIME).

IF HOLDS INSPECTION IS FAILED BY THE INDEPENDENT SURVEYOR VESSEL

MUST  RE-TENDER NOTICE OF READINESS WITHIN THE LAYDAYS AND ALL
PREVIOUS NOR'S WILL BE NULL AND VOID. NEVERTHELESS, IN CASE THE
VESSEL HOLDS  ARE PASSED AFTER THE AGREED LAYDAYS, LAYTIME TO
COUNT ONLY UPON ACTUAL COMMENCEMENT OF LOADING.

(C) DRAFT SURVEY TIME NOT TO COUNT AS LAYTIME

18- NOR - LAYTIME AT DISCHARGE PORT

N.O.R. TO BE TENDERED ON VESSEL'S ARRIVAL AT SEA PILOT
STATION.LAYTIME  TO COMMENCE 13:00 HRS THE SAME DAY IF  N.O.R. IS
TENDERED ON/BEFORE NOON AND AT 08:00 HRS NEXT WORKING DAY IF N.O.R.
IS TENDERED  DURING OFFICE HOURS AFTER 12:00 HRS. IF, AFTER TENDERING
A NOR, THE VESSEL FAILS TO OBTAIN FREE PRATIQUE OR CUSTOMS
CLEARANCE, OR IS FOR  ANY REASON, WHATSOEVER UNFIT OR NOT FULLY
READY TO DISCHARGE THE CARGO, THEN N.O.R SHALL BE INVALID AND TIME
SHALL NOT COUNT AS LAYTIME  OR TIME ON DEMURRAGE UNTIL AFTER THE
VESSEL IS READY IN ALL RESPECT TO DISCHARGE CARGO AND HAS TENDERED
A VALID N.O.R.

19- LIGHTERAGE, IF REQUIRED TO BE FOR CHARTERERS' ACCOUNT

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20- OPENING AND CLOSING HATCHES ARE TO BE DONE BY SHIP'S OWNERS AT
THEIR RISK AND EXPENSE.

21- HATCH OPENING

MINIMUM OPENING OF VESSEL'S HATCHES TO BE 7.5 X 2.5 METERS.

22- HOLDS INSPECTION

IF ON INSPECTION, THE INDEPENDENT SURVEYOR REJECTS THE VESSEL DUE

TO INSUFFICIENT CLEANLINESS, THE OWNERS SHALL PERFORM FURTHER
CLEANING IN ACCORDANCE WITH ANY REASONABLE RECOMMENDATIONS OF
THE INDEPENDENT INSPECTOR. EXPENSES PERTAINING TO FIRST INSPECTION
ONLY WILL BE BORNE BY SHIPPERS AND ANY SUBSEQUENT HOLD INSPECTION
SURVEY CALLED ON FOR THE VESSEL WILL BE FOR THE ACCOUNT OF
OWNERS.

HOLDS SURVEY INSPECTION WILL BE CARRIED OUT IN DAYLIGHT ONLY. ALL

TIME LOST FROM BERTHING TILL ACCEPTANCE BY SURVEYOR, INCLUDING
WAITING FOR DAYLIGHT WILL BE EXCLUDED FROM LAYTIME.

23- HUMIDITY BAD WEATHER

WEATHER WORKING DAYS EXCLUDE HIGH HUMIDITY DAYS. IF HUMIDITY

LEVEL  REACHES 75% LOADING WILL BE STOPPED AND LAYTIME WILL BE
CEASED TILL HUMIDITY LEVEL FALLS BELOW 75%. ANY LOADING STOPPAGES
DUE TO RAIN / STRONG & HEAVY WIND / FOG / SEA SWELLS AND SANDSTORMS
ARE EXCLUDED FROM LAYTIME. THIS CLAUSE IS APPLICABLE IRRESPECTIVE
OF COMMENCEMENT OF LOADING OR BERTH OCCUPIED WITH ANOTHER
VESSEL WIBON, WCCON, WIFPON,WIPON.

24- AGENT: OWNER'S AGENT BOTHS

CHRTRS NOMINATE LOCAL AGENT AT LOADPORT SUBJECT TO
COMPETITIVE/REASONABLE PORT D/A TO BE APPROVED BY OWNER.

25- TAXES/DUES/WHARFAGES/CHARGES/LEVIES/TALLIES AT OWNS' ACCT.

26- VESSEL CERTIFICATES

ANY VESSEL NOMINATED TO LOAD FROM MESAIEED, QATAR MUST COMPLY
WITH ALL  INTERNATIONAL MARITIME ORGANISATION REGULATIONS AND
SHOULD HAVE ALL THE VALID CERTIFICATES ON-BOARD, FOR INSPECTION BY
PORT AUTHORITIES  BEFORE BERTHING VIZ. ISM, ISPS ETC.

27- DRAFT SURVEYS

THE BILL(S) OF LADING QUANTITY WILL BE DETERMINED AS PER VESSEL
DRAFT  SURVEY. FOR THE PURPOSE OF PERFORMING DRAFT SURVEYS, THE
VESSEL TO FURNISH A CERTIFIED CALIBRATION SCALE FOR ALL TANKS,
INCLUDING FORE  AND AFT PEAK TANKS, DOUBLE BOTTOM TANKS, AND DEEP
TANKS, IF ANY. THE VESSEL SHALL CLEARLY CUT AND MARK ON SHELL
PLATING PLIMSOL AND OTHER  DRAFT MARKS AMIDSHIPS, AND DRAFT MARKS

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AT THE BOW AND STERN ON PORT AND STARBOARD SIDES. VESSEL TO
FURNISH CHARTERERS / SHIPPERS OR THEIR  AGENT OR SURVEYOR A
CAPACITY PLAN, DISPLACEMENT SCALE, DEADWEIGHT SCALE AND ANY
OTHER HYDROSTATIC INFORMATION REQUIRED BY THE DRAFT  SURVEYORS.
THE MASTER MUST CERTIFY THAT ALL DOCUMENTS SUPPLIED ARE CORRECT.
AT PRELIMINARY SURVEY, THE TOTAL QUANTITIES OF BALLAST  BUNKERS,
STORES ETC. ARE TO REASONABLY AGREE WITH THE DEADWEIGHT
INDICATED ON THE DEADWEIGHT SCALE. VESSEL'S TRIM, WHEN CONDUCTING 
DRAFT SURVEYS TO BE WITHIN THE RANGE COVERED BY CALIBRATING TRIM
TABLES. THE OWNERS SHALL BE LIABLE FOR ALL LOSS, DAMAGE AND
EXPENSES  CAUSED BY THE VESSEL OR MASTER'S FAILURE TO COMPLY WITH
THIS CLAUSE.TIME LOST BY REASON OF SUCH FAILURE SHALL NOT COUNT AS
USED LAYTIME OR  TIME ON DEMURRAGE.

VSL MUST BE SUITABLE FOR CONDUCTING PROPER DRAFT SURVEY AND HV

AVAILABLE ALL HYDRISTATIC TABLES OR DIAGRAMS, CAPACITY AND
CALIBRATION  TABLES FOR BALLAST, FUEL AND FW TANKS WITH
CORRECTIONS FOR TRIMMING  AND HEELING EFFECTS. ALL DRAFT MARKS
MUST BE CLEARLY DESIGNATED  (WELDED AND PAINTED). SOUNDING PIPES
OF BALLAST TANKS AND FW TANKS  MUST BE FIT FOR MAKING
MEASUREMENTS I.E. EASILY ACCESSIBLE AND UNBLOCKED.

LOADPORT SURVEYOR: SHALL BE SGS OR ITS

28. VSL IS TO BE P&I COVERED, CLASSED HIGHEST LLOYD OR EQUIVALENT,

ISM CERTIFIED,IN POSESION OF EVERY CERTIFICATE REQUIRED FOR
INTERNATIONAL TRADE.

29- POLLUTION
SHIPOWNERS WARRANT THAT THE VESSEL IS FULLY INSURED AND CERTIFIED
FOR  POLLUTION RISKS IN ACCORDANCE WITH THE RULES AND REGULATIONS
OF THE NATIONAL PORT AUTHORITIES RELEVANT TO THE TRADING UNDER
THIS CONTRACT.  IN NO CASE SHALL SHIPPERS AND/OR SUPPLIERS BE LIABLE
FOR DEMURRAGE AS A RESULT OF SHIPOWNER FAILURE TO COMPLY WITH
SUCH RULES AND REGULATION

30. OWNS GTEE VSL IS BC/BRIDGE N ENG ROOM IS AFT, OPEN HATCH 
CONBULKER. OWNS WARRANT VSL'S HOLDS ARE CLEAR OF ANY FITTING/
SUPERSTRUCTRS SUCH AS CARDECK, CURTAIN PLATES WHATSOEVER

31. OWNS GTEE VSL'S HATCHCOVERS ARE FULLY WATERTIGHT DURING THIS
VOYAGE

32. ARBITRATION IN SINGAPORE, ENGLISH LAWS APPLIED

33. HAGUE-VISBY RULES TO APPLY DURING THE CURRENCY OF THIS C/P

34. G/A PER YORK-ANTWERP RULES IN SINGAPORE.

35. GENCON 94 C/P PROFORMA LOGICALLY AMENDED AS PER AGREED

MAINTERMS.

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36. THIS FIXTURE TO BE KEPT ABSOLUTELY PRIVATE AND CONFIDENTIAL AND
NO SINGLE DETAIL/TERM TO BE DISCLOSED TO ANY THIRD PARTY.

END FIXTURE NOTE.

FOR AND ON BEHALF FOR AND ON BEHALF OF

OF CHARTERERS OWNERS

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