PRELIMINARY VOYAGE ESTIMATING  
                 =============================== 
       DATE    : 06/08/01              VESSEL  : ROSTOK              
       SPEED L : 11.0  Knots           DAILY  L: 264.00 mls
             B : 11.5  Knots                  B: 276.00 mls
 
       BUNKER CONSUMPTION PER 24 hrs.
 
       F.O. at sea:    9.20  ts          at port:  0.00 ts
       D.O. at sea:    1.70  ts          at port:  1.70 ts
 
       STEAMING
 
       From: ALGIERS               To: MARIUPOL              D:   1944.00 mls  b
       From: MARIUPOL              To: CASABLANCA            D:   2547.00 mls  l
       From: CASABLANCA            To:                       D:      0.00 mls   
       From:                       To:                       D:      0.00 mls   
                                              TOTAL DISTANCE :    4491.00 mls
       Steam.time :  16.69 days  Bunk.cons.:F.O.  153.559 ts.D.O.   48.775 ts.
       L. Time    :   4.00 days
       D. Time    :   7.00 days
       B. Time    :   1.00 days
       TOTAL      :  28.69 days
 
       EXPENSES
       F.O.  153.559  ts  X  U.S.D.   160.00  = U.S.D.   24569.45
       D.O.   48.775  ts  X  U.S.D.   230.00  = U.S.D.   11218.26
       D/A L.P.                     10000.00  = U.S.D.   10000.00
       D/A L.P.                         0.00  = U.S.D.       0.00
       D/A D.P.                     10000.00  = U.S.D.   10000.00
       D/A D.P.                         0.00  = U.S.D.       0.00
       CANAL DUES                    1120.00  = U.S.D.    1120.00
       EX. INSURANCE                    0.00  = U.S.D.       0.00
       EXTRA (OTHER) EXPENSES           0.00  = U.S.D.       0.00
             TOTAL EXPENSES                   = U.S.D.   56907.72
 
             I N C O M E 
       Loded cargo   FRT P.M.T.   Gross FRT.     Comm.%     Comm.     NET FRT.
        5200.000         22.00    114400.00          5.00    5720.00  108680.00
       VOY NET FRT      : U.S.D.  108680.00    VOY EXPENSES : U.S.D.   56907.72
       VOY T/C INCOMS   : U.S.D.   51772.28    VOY DURATION : DAYS        28.69
       DAILY T/C RATE   : U.S.D.    1804.47
 
                                          OPERATIONAL  MANAGER : RB