Waterman Steamship Corporation, 650 Poydras Street, Suite 1800, New Orleans, LA 70130

J -- SHIP DRYDOCKING Sol 40996, contact point, Craig Leonard, 504-593-8255, Purchasing Manager. The Vessels (1) SS PFC, Eugene A. Obregon, (2) SS Sgt. Matej Kocak, (3) SS Maj. Stephen W. Pless. These TAKX RO/RO vessels (822.04 LOA, approximately 29,091 L.T. displacement) are scheduled for dry-docking to commence o/a 13 September 1996, 8 November 1996, and 8 February 1997. Specs will be available o/a (1) 1 June 1996. DOB will be will be (1) July 1996, (2) 1 September 1996, (3) 1 December 1996 for the respective vessels. Optionally contractor may bid a three ship package on 1 July 1996. (101)

Loren Data Corp. http://www.ld.com (SYN# 0044 19960415\J-0011.SOL)