Vessel Name	Charter Type	Charterer	Charter Latest Expiration Date	Daily Charter Rate (Gross)
Bremen Max	T/C	South African Marine Corporation S.A	Sep. 2010	$15,500
Hamburg Max	T/C	South African Marine Corporation S.A	Sep. 2010	$15,500
Davakis G.	T/C	Sangamon Transportation Group (Louis Dreyfus)	Jan. 2011	$21,000
Delos Ranger	TC	Bunge	Mar. 2011	$20,000
African Zebra (1)	T/C	MUR shipping BV	Aug. 2011	$7,500
African Oryx (1)	T/C	MUR shipping BV	Aug. 2011	$7,000
BET Commander	T/C	South African Marine Corporation S.A.	Dec. 2011	$24,000
BET Fighter	T/C	South African Marine Corporation S.A.	Sep. 2011	$25,000
BET Prince	T/C	South African Marine Corporation S.A	Jan. 2012	$25,000
BET Scouter	T/C	South African Marine Corporation S.A.	Oct. 2011	$26,000
BET Intruder	T/C	South African Marine Corporation S.A.	Sep. 2011	$15,500
Fiesta	B/B	Oldendorff	Nov. 2013	BHSI increased by 100.63% minus Opex
Pacific Fantasy	B/B	Oldendorff	Jan. 2014	BHSI increased by 100.63% minus Opex
Pacific Fighter	B/B	Oldendorff	Nov. 2013	BHSI increased by 100.63% minus Opex
Clipper Freeway	B/B	Oldendorff	Feb. 2014	BHSI increased by 100.63% minus Opex
African Joy	T/C	MUR	Aug. 2010	$13,250
African Glory	T/C	MUR	Dec. 2010	$14,500
Asian Grace	T/C	MUR	Oct. 2010	$13,500
Clipper Glory	T/C	Clipper	Aug. 2012	$25,000
Clipper Grace	T/C	Clipper	Aug. 2012	$25,000

(1) Represents gross floor charter rates excluding a 50% adjusted profit share distributed equally between owners and charterers calculated on the average spot Time Charter Routes quoted on the Baltic Supramax Index for a period of 22 to 25 months.