ON HIRE & BUNKER SURVEY "ADASTRA"

 DESCRIPTION OF M/V “ADASTRA“

1. GENERAL

1.1 VESSEL’S NAME M/V “ADASTRA” BUILD: 30.07.2002

1.2 VESSEL’S PREVIOUS NAME(S) AND DATE(S) OF CHANGE M/V “COPOSA”

1.3 FLAG PANAMA

1.4 YARD NAME AND NUMBER OSHIMA SHIPBUILDING CO.,LTD.AND 10339

1.5 OFFICIAL CLASS REGISTRATION NUMBER - IMO/LR NUMBER - OTHER CLASS NO. 021695 IMO NO. 9258557

1.6 PORT OF REGISTRY PANAMA

1.7 OWNERS FULL STYLE AND CONTACT NUMBERS FOR OPERATIONAL PURPOSES, IF APPROPRIATE “ASTARTE SHIPPING LTD.” TRUST COMPANY COMPLEX, AJELTAKE ROAD, AJELTAKE ISLAND, MAJURO, MARSHALL ISLANDS, MH 96960

1.8 MANAGERS FULL STYLE AND CONTACT NUMBERS FOR OPERATIONAL PURPOSES, IF APPROPRIATE Managers: “Transbulk Management Inc.” 47, Poseidonos Ave, 183 44, Moschato, Athens, Greece. Tel: +30210 9426777 Fax:+30210 9424676 e-mail: info@transbulkinc.gr

2 PARTICULARS OF VESSEL

2.1 TYPE OF VESSEL BUULK CARRIER

2.2 DEADWEIGHT ALL TOLD (METRIC TONS) DWAT DRAFT TPC BASIS FULL DRAFT

SUMMER WINTER TROPICAL FRESH TROPICAL FRESH 46,493 45,266 47,723 46,492 47,696 11.807 11.561 12.053 12.074 12.320 49.95 49.80 50.10 50.11 50.25

2.3 IS VESSEL FITTED FOR TRANSIT OF: A: PANAMA CANAL? (YES/) B: SUEZ CANAL? (YES/, BUT VESSEL IS NOT EQUPPED BY SUEZ PROJECTOR) C: ST LAWRENCE SEAWAY? (NO)

2.4 GRT/NET: INTERNATIONAL 25,554/15,898

SUEZ CANAL 24,444.29

PANAMA CANAL 25,554

2.5 LENGTH OVERALL (METRES) 183m

2.6 LENGTH BETWEEN PERPENDICULARS (METRES) 174.30m

2.7 EXTREME BREADTH (METRES) DEPTH MOULDED (METRES) 30.95m 16.40m

2.8 DISTANCE (METRES) FROM WL TO TOP OF HATCH COAMINGS BALLAST CONDITION (BALLAST HOLD NOT FLOODED) FULL BALLAST CONDITION (BALLAST HOLD FLOODED) LIGHT CONDITION

A. NO 1 HATCH B. MIDSHIPS C. LAST HATCH DRAFT: Fore/ Aft 15.08 m 12.90 m 12.47 m 4.36/6.40 12.76 m 11.00 m 10.75 m 6.80/7.90 18.70 m 16.43 m 15.93 m 0.70/3.0

DISTANCE (METRES) FROM WL TO TOP OF HATCH COAMINGS (OR TOP OF HATCH COVERS IF SIDE-ROLLING HATCHES) AT: EVEN KEEL WITH DRAFT= 11.807 MTRS

FULLY LADEN CONDITION:

A. NO 1 HATCH B. MIDSHIPS C. LAST HATCH 7.89 m 6.59 m 6.59 m

2.9 VESSEL’S BALLASTING AND DEBALLASTING TIME (METRIC TONS PER HOUR) 13.99 hrs (900m3/hr by Ballast Pump) (FPT/WBT #1 – 5 P/S) 3.16 hrs (180m3/hr by G.S. Pump)(APT)

2.10 DISTANCE (METRES) FROM KEEL TO HIGHEST POINT OF VESSEL 44.05 m

2.11 CAPACITY OF: A. BALLAST TANKS B. BALLAST HOLDS CAPACITY (STATE WHICH HOLD(S) 13,488.0 mtns ( 1.025 ) 11,039.0 mtns (C.H. #3)

2.12 CONSTANTS EXCLUDING FRESHWATER DAILY FRESHWATER CONSUMPTION FRESH WATER CAPACITY STATE CAPACITY AND DAILY PRODUCTION OF EVAPORATOR NORMAL FRESH WATER RESERVE APROX. 202 MT (EXCL. UN-PUMPABLE) 8-9 MT 301 MT 12 MT / 24 hrs 3~4 MT AS PER DAY

2.13 VESSEL IS FITTED WITH SHAFT GENERATOR (NO)

2.14 VESSEL’S ON BOARD ELECTRICAL SUPPLY (.................... V/ .................. Hz) 100V/60HZ 440V/60HZ

DETAILS OF ALTERNATIVE SUPPLY, IF ANY Emergency generator 99Kw /135PS

3. CARGO ARRANGEMENTS

3.1 HOLDS

A. NUMBER OF HOLDS 5

B. ARE VESSEL’S HOLDS CLEAR AND FREE OF ANY OBSTRUCTIONS? (YES/NO)

C. GRAIN/BALE CAPACITY IN HOLDS EXCLUDING HATCHWAYS, WING/TOP SIDE TANKS (M3 / CBF) Coamings volume Grain/Bale Nr. 1 267 m3 Nrs. 2 381 m3 3 368 m3 4 426 m3 5 426 m3 ----------------------- 1,868 m3

GRAIN/BALE CAPACITIES BY HOLD EXCLUDING WING/TOP SIDE TANKS BUT INCLUDING HATCHWAYS (M3/ CBF) Grain / Bale HOLD 1. 10,889 m3 / 10,671 m3 HOLD 2. 12,217 m3 / 11,973 m3 HOLD 3. 10,402 m3 / 10,194 m3 HOLD 4. 12,160 m3 / 11,917 m3 HOLD 5. 10,673 m3 / 10,460 m3 ----------------------- TOTAL 56,341 cbm / 55,215 cbm

E. IS VESSEL STRENGTHENED FOR THE CARRIAGE OF HEAVY CARGOES? (YES/NO) IF YES STATE WHICH HOLDS MAY BE LEFT EMPTY C.H. 2 & 4

F. IS TANK-TOP STEEL AND SUITABLE FOR GRAB DISCHARGE? (YES/NO)

G. STATE WHETHER BULKHEAD CORRUGATIONS VERTICAL OR HORIZONTAL Vertical

H. TANK-TOP STRENGTH (METRIC TONS PER SQM) #1= 20.5 MT/M2 #2= 14.0 MT/M2 #3= 27.9 MT/M2 #4= 14.0 MT/M2 #5= 21.0 MT/M2

I. ARE HOLDS CO2 FITTED? (YES/NO)

J. ARE HOLDS FITTED WITH SMOKE DETECTION SYSTEM? NO

K. IS VESSEL FITTED WITH AUSTRALIAN TYPE APPROVED HOLDS LADDERS (YES/NO)

L. HAS VESSEL A FUNCTIONING CLASS CERTIFIED LOADMASTER/LOADICATOR OR SIMILAR CALCULATOR (YES/NO)

M. CAN VESSEL’S HOLDS BE DESCRIBED AS BOX SHAPED (NO)