W E K N O W T H E R O P E S

COMPANY PROFILE

PLATETRADE S.A. has been designed to provide tailor-made services to customers facing today dynamic market. The company’s policy is based on a competitive approach, the full time dedication and the case by case analysis of each and all of our customers’ expectations.

OUR SERVICES

- Ship & Cargo Brokers- Owner’s Representatives- Ship Agents- Stevedoring Contractors- Custom Brokers

COMPETITIVE APPROACH

Being located in Buenos Aires, we are in close contact with all the local grain and trading houses, Steel mills, oil producers, and logs exporters. This fact coupled with the support of local and foreign shipowners enable us to actively participate in the constantly growing southamerican trade.

O U R C O M PA N Y

FULL TIME DEDICATION

The best we can offer is the uncommon commitment to find the most competitive and reliable option for each business. For same, we handle not only chartering or freights but also proper logistic and support in Argentina, Paraguay, Uruguay and Brazil, what is only possible through a permanent availability to the customers and the market.

CASE BY CASE

The global market poses new challenges to the shipping industry. Fierce competition and the ever present need to keep costs at bay demand close monitoring of each and every business, and this is exactly what we provide to our customers

MISSION STATEMENT

We strive to provide our customers with the most advanced and highly qualified international logistics services. Our team of dedicated professionals, through responsive communications, is committed to achieve our customers’ ultimate satisfactions.

QUALITY POLICE

PLATETRADE S.A., as a company dedicated to the provision of tailor-made solutions for maritime transportation and imports/exports logistics, has as main objective the satisfaction of our clients demands, the efficiency of the service provided, the excellence in the day-to-day negotiations, as well as the constant incorporation of resources and technology in order to fully satisfy the information needs of our clients.

We look forward to reach a higher market share both in local and international markets, aiming to keep long-term relationships’ with charterersand ship-owners, and, therefore, build a promising future in the long-run.

Our working basis consist in our highly trained staff, with the ability to develop profitable relationships, to provide our clients the best solutions in short periods of time, keeping a strong and constant interaction with them.

In order to comply with this Quality Policy, PLATETRADE S.A. BOD provides the support and backing by making available all the necessary resources.

T Y P E O F C A R G O E S

- Project Cargoes- Oil & Gas- Drillers- Fertilizers- Bagged Goods- Steels

- Industrial Plants- Grains- Forest Products- Cement- Granite/Porphyre Blocks

H I D R O V Í A PA R A G U AY - PA R A N Á

SHUTTLE SERVICE

PLATETRADE SA was created to provide tailored services to clients facing challenges every day are presented the international market. The company policy is based on a predominant competitiveness in the market, a full-time commitment and an individual assessment, case by case, each of the concerns of our customers.

GENERAL INFORMATION

The Paraguay-Paraná Waterway is defined based on a strategy of river transport along the water system of the same name, in a section between Puerto Cáceres (Brazil) at its northern end and Puerto New Palmita (Uruguay) in Program its southern end into a path comprised of 3,442 Kms. The countries who share this river system are Argentina, Bolivia, Brazil, Paraguay and Uruguay. The Paraguay and Parana rivers have natural sailing conditions, but the basic problem of these conditions is related to the hydrological regime of rivers, recording periods of low water, medium and high. Statistics-mind water drop dates are between October and February, always depending on weather conditions during these dates: rainfall, drought, stream, etc. For safe navigation through the Rio Paraguay, the prefecture only supports a maximum draft of up to 11 feet and a minimum of 6 feet, always depending on each of the steps because of the diversity of soils (sandy, muddy, with stones , etc.) to discover-mos along the waterway.

BARGE SERVICE

PLATETRADE has the support of semi-dos regulators barges that meet the needs of the load. They are designed so that calan according to the loaded and traveling in convoys between 8 and 25 units and up to 1500 tns by barge. The great diversity of load has allowed an important development of port facilities which are also due to substantial growth and industrialization of the area. The types of cargo currently transported in this traffic, both import export horn are: • Grain • Cement • Steel • Minerals • containerized loading • ro-ro • General Cargo and Project

THE HIDROVÍA

In mid 2010, we were able to transport the first shipment of 7500 MT of cement in big bags palletized with final destination at Asunción, Paraguay. The ship departed from Comodoro Rivadavia, Argentina to Nueva Palmira, Uruguay for its direct transhipment from ship to barge, being the first to offer such service, avoiding the cost and handling time at berth.This contract was kept for 3 years with consecutive shipments every twenty days.

This first experience together with our expertise on general and project cargo, has enabled us to develope a service that was absent for a long time, which is the river transport of project cargo in barges to the main ports of growing South American countries, that do not have ocean ports (Paraguay and Bolivia).

We have transported turnkey plants, organizing the full logistics door to door, ensuring the client with proper coordination of all services involved, such as: overseas shipping, transhipment to barges, stevedoring works, barge transport and barge discharging at final port bagged.We also provide this service for palletized and unitized cargo, having already moved over the last 2 years in excess of 200.000 MT.

We do not only have the know-how of an innovative service, but also have developed an excellent relationship with all the suppliers involved in this process.It is very important to us, to –jointly with our Customers-, find a solution that suits the needs of the cargo ensuring best results of the logistics operation.

B R A N C H E S

ARGENTINA

Platetrade was born on April 3rd, 1997, founded by Sebastian Zalaya and Mariano Grosso, PLATETRADE S.A. as a bet to develope a new concept of multimodal service, offering innovative solutions to charterers as well as to ship-owners.In the begining, PLATETRADE had the representation of the ship-owner CORECK MARITIME GMBH with whom the relationship was maintained for 3 years.

With Coreck, we were able to developed a deep relationship with the Tenaris Group winning the 40% of their annual bids mainly for cargoes appointed to the Persian Gulf, as well as covering market cargoes belonging to Curcija, Saman, Glencore, Bunge-Fertimport, J.Macedo, Continental del Peru, Gear S.A. and Cargill.

By mid 2000, another strategic alliance was achieved, but this time with NEPA SHIPPING, with whom the service coverage for Tenaris Group to the Persian Gulf was expanded, among other market cargoesAlso during 2000, the logistics development for commercialization of Bolivian soybeans was carried out. In this business PLATETRADE, jointly with Gravetal, developed a river and maritime logistic that comprised from the loading at Puerto Aguirre (Bolivia) via San Lorenzo (Argentina) to the port of Buenaventura (Colombia). This development resulted in a 2 years contract with monthly cargoes of 20-25,000 tons. For the provision of ocean transport PLATETRADE developed a very close relationship with Lauritzen Bulkers A / S, Clipper Bulk A / S Tschudi & Eitzen and A / S and Armada Shipping.Considering PLATETRADE´s reputation in the market, in such a short time of development, during 2001 other owners from different sectors of the industry approached PLATETRADE seeking a commercial partner to develop business in

South America. This is how the relationship between SCANSCOT SHIPPING SERVICES GmbH and PLATETRADE was born, and the result was a turning point in the history of the company. Until that moment, PLATETRADE was dedicated to the provision of dry cargo, general cargo and eventually liquid cargo.

Through the relationship with Scanscot, the company diversified towards the project cargo market. For the development of this market, PLATETRADE began to acquire specialized know-how being the first broker in Argentina that was able to offer this service to the market.In addition to expanding the services to Tenaris Group, Ternium Group and Acindar to the Mediterranean and US Gulf, Scanscot´s representation allowed PT to enter to the market of over-size and ultra-heavy cargoes, transporting valves, industrial transformers, gas separators and building equipment for clients such as IMPSA and Techint Construcciones, thus participating in Projects like OCT in Ecuador and Camisea in Peru.

During 2001 and 2002, as Scanscot did, Scan-trans approached Platetrade looking for a bit of regional support due to their recent office’s opening in Houston. Contrary to Scanscot, Scantrans was merely an operator at the time, so it brought to Platetrade the possibility to offer to their clients market opportunities according to its fluctuations. By doing so, PT developed with Scantrans a trade of brazilian Steel to the North of Africa jointly with Misetal Paris , with an approximately outcome of 130.000 tons/year.

In 2002, due to the usual clients needs, Platetrade developed a market of container’s forwarding based in two main markets: bone meal and honey market. During that year, monthly shipments were made

for both markets that exceeded the 570 TEUs/year, that was maintained until 2004. In 2003, a mini COA of 3 vessels was closed between Scanscot and Industrias Norteamericanas per a minimum of 7.000 CBM of lumber from Campana and Montevideo to Baltimore and Savannah. Platetrade organized the pool of argentine and uruguayan forestry producers, in order to coordinate the goods cargo and documents presentation. In order to maximise the use of the service, and exhaustive marketing work in the Argentine-Uruguay market was issued, that resulted as a completion of the free space of charterers such as Siderca, Siderar, Acindar, Fiplasto and Balerio among others.

According with the global development of purchase-sale of turnkey plants in 2003 there were 3 major demonstrations in South America in which Platetrade acted as a service provider together with Scanscot. In first place, a fish processing plant was transported from Southern Chile to Uruguay with a total of 1500 cubic meters. Then, there was the transport of a petrochemical plant from Erie (USA ) to the private port Rhasa in Campana ( ARG ) with a total of 5600 cubic meters. For this operation, the vessels used were the ones of low draught according to Erie port restrictions (5m ) and a temporary dock was built in Campana, due that the Port was not prepared to receive this type of cargoes, nor berth these type of vessels .

During the same period, the transport service of a cellulose plant was performed for the company ENCE, from Vigo (Spain) to Montevideo (Uruguay) for the development in the industrial polo of Fray Bentos, with approximately 1715 cubic meters.

Going further with this development, in 2004, the transport of 3 oil elaboration plants was performed for the Company Bunge S.A. being 2 plants transported from Argentina to Ukrain and the 3rd from India to Ukrain, with a total of approximately 12.000 cubic meters. Also, a Rolling mill plant was transported for Belgo Mineira from La Plata (Arg) to Brazil, with a volume of 1300 cubic meters and 110 x 40’OT; as well as a bottling plant for Aluplata from Argentina to Tunez. Additionally, an oil rig of 4200 cubic meters was transported from Chica to Ecuador and a building materials cargo was transported for Andrade Guitierrez from Ecuador to Brazil that was approximately of 3700 cubic meters.

Eventually the contract of lumber evolved and there were periods that bigger vessels were needed. That was how Platetrade developed a new logistic for this contract jointly with CLIPPER ELITE CARRIERS (CEC). This new logistic involved the design of pallets to optimize the hold capacity and the design of protection via tarpaulin and Steel wires for on

deck cargo. As a result of this new design, a COA between CEC y URUFOR Montevideo was signed.

This contract lasted 3 years and reached a total volume of approximately 290.000 CBM, with an average of shipments of 16.000 cbm every 45-60 days. Eventhough, CEC’s policy of non-working with an “open market marketing”, PLATETRADE achieved to ensure complementary cargoes to the lumber, therefore optimising the remaining space and generating the needed incentive to rotate the vessels back (USA-PLATE) with John Deere’s machineries among other cargoes.In addition along the last semester of that year, the granite spots market development was achieved, with shipments from Puerto Madryn to Salerno and Livorno.

In 2005 and due to the performance given, the Client (Porfidi International) decided to give us a contract that lasted 2 years with a total volume 300.000 tons, divided in average shipments of 12.500 tons every 30-45 days.Such contract was the kick off to make ScanTrans decided to develop jointly with us a line called PATAGONIAN LINES APS that covered paths between ECSA and MED with highly competitive prices for all the clients that might have possible cargoes for the destinations mentioned. The development of Patagonian Lines allowed us to closet 12 of 12 bids that Siderca had to the Mediterranean with an average of 8.000 tons per shipment, as well as yachts and small projects, which optimised even more the results of each voyage.

At the end of 2005, one of the partners decided to leave the business and be into other markets, which resulted in a change, not only a management change, but, the corporate policies oriented to maximise the results, minimising the fixed costs.Due to big changes, 2006 was a restructuring year for Platetrade, where we were basically oriented to mantain the existing contracts and add other project cargoes to achieve the best results of each voyage. Therefore, the work on import was increased through the service of Patagonian Lines, generating incentive to rotate from Mediterraneo to ECSA with a basis cargo of plates and small project cargoes as completion.

Greater goals were achieved for 2007. On one side, 7 shipments of agricultural machinery were closed together with Scanscot Shipping, from Zarate to Venezuela due to an agreement signed by the presidents of both countries. Each shipment was an average of 8.000 CBM, which resulted in closing a contract directly with CAFMA (Camara Argentina de Fabricantes de Maquinaria Agricola/Argentine Chamber of Agricultural Machinery Manufacturers) and SCANSCOT for the 2008’s cargoes.

Likewise and taking advantage of plate, steel spots business were closed, project cargoes, ro/ro and yachts, that became the ideal complementary, in order that the vessels could departure totally loaded towards the Caribbean.At mid of that year, PLATETRADE obtained a tacit contract of an average of 40 containers of 40´ milk powder (monthly) to Algeria, that continued until the second trimester of 2009.

On the other hand, during the whole 2007, we became the only supplier of logistics service for IMPSA with projects such the ones perfomed in Bakun, Lyanyugang (China), Port Kelang (Kuala Lumpur - Malasia) for a total of 33 shipments that included cargoes like rotors, shutters, turbines, steel plates and valves, some of which were containerised in order to optimise its transportation.At mid of that year, we signed a one year contract with SDMO France for the storage and consequent distribution of power generators and generators inside Argentina, as well as in Uruguay, Paraguay and Bolivia for a monthly total 250 SQM. Such contract was kept until 2009, when the company (SDMO) decided to close their local office.

At the begining of 2008 and betting once more on the company´s growth and its presence within the market, PLATETRADE signed a contract of exclusivity with BELUGA GROUP to represent them, BELUGA was a Company that offered us highly dynamic alternatives, such as the market demands.At the end of 2008 and with the huge drop of the US stock market, the value of freights highly increased, and the outcome was a market even harder to be fought than in former years. Many charterers decided to keep their projects stand-by waiting to see what will happen worldwide.

It was not the case of IMPSA that continued with the commitments previously arranged, not only with their clients, but with us too, reaching along that year a total of 20 shipments for their projects in Bintulu and Puerto Cabello.

Along 2009 we were able to secure, even more the relationship with Tenaris Group closing a 50% of the group s business with a total of 35,400 mtons that year.

In view of continue developing the market and our presence, but this time on the owner’s side, that’s why one of our partners moved to Germany for 9 months (from Julio 2009 to April 2010) with the aim to concrete new strategic alliance with new owners, such as RICKMERS, WAGENBORG and THORCO among others and doing so getting a new strategic partner in different places in order to offer our clients with the greater variety of alternatives possible. With THORCO we were able to establish a closest relationship and at mid 2010 a contract for representation was signed between THORCO and PLATETRADE for the cargoes of Argentina and Uruguay, because they have a subsidiary in Brazil for cargoes of this plate.

Therefore, being so close to owners already represented, is that the representation of SCANSCOT throughout South America was obtained, which had opened doors for us to new clients in Brazil.

Unfortunately by end of 2010, Scanscot Shipping as well as Scanscot Logistics, two of our main representatives, filed for bankruptcy, which forced us to get new service suppliers and doing so, maintain the level of service that always characterised us and was well praised.The search for new alternatives that optimised the results of the services offered was the Mission that PLATETRADE has stated from day one, and that is why , since then , has received the certification of ISO9001 ensuring implementation and maintenance of the quality system of our company and the use of methods and management tools that allow us to deliver efficiency and customer satisfaction.

Likewise PLATETRADE is an active member of BIMCO (The Baltic and International Maritime Council) the largest private global maritime organization, which commits us to the quality of service we provide to our customers.

Platetrade´s services are not only limited to chartering and freight , as members of WWPC (Worldwide Project Consortium) have the ability to manage a comprehensive logistics thanks to the extensive network of agents in over 90 countries allowing us to offer tailored solutions for each one of our clients.

PLATETRADE ARGENTINAComplejo Office Park -Edificio Plaza - Piso 3 - Of. 309 Ruta Panamericana, Ramal Pilar - Km. 42,500 (1669) Del Viso - Buenos Aires - ArgentinaTel: (+54 11) 5352 1421 / Fax: (+54 11) 5218 6682Email: platetrade@platetrade.com

URUGUAY

Located in the centre of Montevideo (Uruguay) Platetrade Uruguay dedicates mainly to the following activities:

- Chartering for the Uruguayan Market, such as: rice exporters / fertilizers exporters / steel traders / and lumber / eucalog and wood pulp exporters.

- Also provides Stevedoring services at Montevideo and Nueva Palmira for Bulk cargo, General cargo and Project cargo.

- Storage at the port of Montevideo and inland transport

- Transhipping cargoes from vessels to barge having developed and NVOCC service from Europe and Far& Middle East, as well as India with Thru B/L into Paraguay ( Asunciòn / Villeta Port / Puerto Fenix) andvery efficient records of coordination in order to avoid ocean vessel and barge units demurrages.

B R A N C H E S

- Shipping agency attending all Uruguayan ports Our past records include:- More than 200.000 mt of bagged and palletized cement carried from Argentina and t/s Thru Uruguay to Asunción del Paraguay

- Abt 150.000 mt. of fertilizers per year ( chartering and t/s) - Chartering of more than 150.000 cbmtrs of lumber produced in Uruguay to the USA.

- Largest projects for Uruguay and Paraguay developed over the last years, including Turn - key projects such as Cement Plants / Windmill Parks / Fishmeal plants and WoodpulpMIlls

- Regular chartering of grains / ferts / rice and general cargo.

PLATETRADE URUGUAYItuzaingó 1389 Montevideo - UruguayMobile: 598 9 5603 042Email: uruguay@platetrade.com

B R A N C H E S

PARAGUAY

Located in Asunciòn del Paraguay,(Paraguay), dedicates mainly to the following activities:

- Barging from Uruguay and Argentina, bulk cargoes/bagged and palletized commodities as well as project cargoes. - Transport of roro cargoes.

- Ocean freight for grains with origin in Paraguay and being transshipped in Argentina or Uruguay.

- Stevedoring services at all Paraguayan river ports. - Inland transport of such cargoes up to final destination.

- Door to door service on a NVOCC bss from North Europe/Middle East/India and Far East, up to final destination in Paraguay.

- Chartering services for cargoes, as well as chartering river tonnage on demand. -Port agency at all Paraguayan ports.

- Warehousing at the majority of Paraguayan ports. Our past and current records include:

- More than 150.000 tons of palletized and bagged

PLATETRADE PARAGUAYLillo 1331 c/ Senador Long Asunción-ParaguayMobile: 598 9 5603 042Email: paraguay@platetrade.com

cargo into Paraguay via Nueva Palmira- Abt7.500 mtons of cement in big bags and palletized with final destination at Asunciòn, Paraguay. The vessel departed from ComodoroRivadavia, Argentina to Nueva Palmira, Uruguay, for its transshipment from vessel to barge, being the 1ª company offering such type of service, avoiding the cost and handling time at berth/quoy. It enabled us to develop a service that was absent for a long time, which is the river transport of cargo in barges to the main ports of growing South American ports.

- Transported turn-key plants, organizing the whole door to door logistics, coordinating all services involved, such as ocean transportation, direct transshipment from vessel to barges, stevedoring works, river barge transport and discharging at final destination. Also provided service for loose, palletized and unitized cargo, and already more than 200.000 mtns in the last 2 years.

- Inbound cargoes:*Cement, we transport around 125.000 tns per year, * Fertilizers, we barge 900.000 tns of ferts for the main agro companies in Paraguay * Transported more than 200.000 units of cars,

C O N TA C T

ADMINISTRATIVE DIRECTOR

Sebastian Zalaya - MANAGING DIRECTOR(5411) 5235 5445E-mail: sebastian.zalaya@platetrade.com

FINANCIAL DIRECTOR

Fabian Di Stefano - FINANCIAL DIRECTORLínea directa: (5411) 5235 2602E-mail: fabian.distefano@platetrade.comSkype: fabian.distefano

MARKETING

Sebastian ZalayaLínea directa: (5411) 5235 5445E-mail: sebastian.zalaya@platetrade.com

Mariana Pereira de VilarLínea directa: (5411) 5235 2606Mobile phone: (54911) 4081 7927E-mail: mariana.pereira@platetrade.comSkype: mariana.pereira63

Agustin EstalaDirect line: (5411) 5235 2605Mobile phone: (54911) 4027 1999E-mail: agustin.estala@platetrade.comSkype: agustin.estala1

BOD ASSISTANT

Elizabeth Hempe Bergallo - BOD ASSISTANTDirect line: (5411) 5235 5445Mobile phone: (54911) 5810 1452E-mail: elizabeth.hempe@platetrade.com

AGENCY AND OPERATIONS

Alberto RíosDirect line: (5411) 5235 5445Mobile phone: (54911) 6286 9588E-mail: alberto.rios@platetrade.com

Jerónimo Sánchez GamboaDirect line: (5411) 5235 2600Mobile phone: (54911) 3613 6568E-mail: jeronimo.sanchez@platetrade.comSkype: jeronimo.sanchez1

ADMINISTRATION

Fabian Di StefanoDirect line: (5411) 5235 2602E-mail: fabian.distefano@platetrade.comSkype: fabian.distefano