GULF GRACE

LETTER OF PROTEST

Port: Fawley Voyage No.: 06/00

Berth: # 4 Date: 19/11/00

From: Master

Re: Delay during cargo operations

Dear Sir,

On behalf of my Owners and Charterers I here-by note protest regarding the delays
during cargo operations.

Discharging was stopped at the following times:

I therefore reserve the rights of my Owners and Charterers to refer to this matter at some
later date and take any actions, or make any claims, as they may deem necessary, as a
direct result of these delays.

Yours faithfully,

P.K.Tripathi For Receipt only.....................................

Master