INTERNATIONAL SHIPHOLDING CORP - FORM 10-K - EX-10.5 - EXHIBIT 10.5 - CONSULTING AGREEMENT - March 15, 2010

Attached files

file filename
10-K - FORM 10-K - DECEMBER 31, 2009 - INTERNATIONAL SHIPHOLDING CORPform10k2009.htm
EX-32.2 - EXHIBIT 32.2 - CFO CERTIFICATION - INTERNATIONAL SHIPHOLDING CORPexhibit322cfo.htm
EX-31.1 - EXHIBIT 31.1 - CEO CERTIFICATION - INTERNATIONAL SHIPHOLDING CORPexhibit311ceo.htm
EX-31.2 - EXHIBIT 31.2 - CFO CERTIFICATION - INTERNATIONAL SHIPHOLDING CORPexhibit312cfo.htm
EX-32.1 - EXHIBIT 32.1 - CEO CERTIFICATION - INTERNATIONAL SHIPHOLDING CORPexhibit321ceo.htm
EX-21.1 - EXHIBIT 21.1 - SUBSIDIARIES - INTERNATIONAL SHIPHOLDING CORPexhibit211subs.htm
EX-23.1 - CONSENT OF E&Y - INTERNATIONAL SHIPHOLDING CORPexhibit231consent.htm
EX-10.25 - EXHIBIT 10.25 - PERFORMANCE GUARANTEE - INTERNATIONAL SHIPHOLDING CORPexhibit1025perfguar.htm
EX-10.24 - EXHIBIT 10.24 - PERFORMANCE GUARANTEE - INTERNATIONAL SHIPHOLDING CORPexhibit1024perfguar.htm
EX-10.6 - EXHIBIT 10.6 - CONSULTING AGREEMENT - INTERNATIONAL SHIPHOLDING CORPexhibit106consagree.htm
EX-10.29 - EXHIBIT 10.29 - LETTER OF GUARANTEE - INTERNATIONAL SHIPHOLDING CORPexhibit1029letterguar.htm
EX-10.27 - EXHIBIT 10.27 - LETTER OF GUARANTEE - INTERNATIONAL SHIPHOLDING CORPexhibit1027letterguar.htm
EX-10.20 - EXHIBIT 10.20 - INDEMNIFICATION AGREEMENT - INTERNATIONAL SHIPHOLDING CORPexhibit1020indemagree.htm
EX-10.28 - EXHIBIT 10.28 - LETTER OF GUARANTEE - INTERNATIONAL SHIPHOLDING CORPexhibit1028letterguar.htm
EX-10.21 - EXHIBIT 10.21 - SHIPBUILDING CONTRACT - INTERNATIONAL SHIPHOLDING CORPexhibit1021shipcontract.htm
EX-10.23 - EXHIBIT 10.23 - SHIPBUILDING CONTRACT - INTERNATIONAL SHIPHOLDING CORPexhibit1023shipcontract.htm
EX-10.22 - EXHIBIT 10.22 - SHIPBUILDING CONTRACT - INTERNATIONAL SHIPHOLDING CORPexhibit1022shipcontract.htm
EX-10.26 - EXHIBIT 10.26 - PERFORMANCE GUARANTEE - INTERNATIONAL SHIPHOLDING CORPexhibit1026perfguar.htm
Exhibit 10.5

December 29, 2009


Mr. Niels W. Johnsen
174 Rumson Road
Rumson, NJ  07760

Reference: Niels W. Johnsen Consulting Agreement


This letter will confirm that International Shipholding Corporation has agreed to retain you as a consultant for the period of time commencing January 1, 2010, and ending December 31, 2010.  Your consulting compensation will be an annual fee of $250,000, payable pro-rata in monthly installments of $20,833.34, plus reasonable out-of-pocket expenses.  At the end of the agreed period of time, this Agreement is automatically extended month-by-month with a continuation of said pro-rata monthly installments of $20,833.34.

This Agreement may be cancelled by either party on giving a 90-day notice of cancellation.

Please sign below to acknowledge your agreement and acceptance of this Consulting Agreement.

Sincerely,

/s/ Niels M. Johnsen

N. M. Johnsen
Chairman of the Board


AGREED AND ACCEPTED:

/s/ Niels W. Johnsen
___________________________________
N. W. Johnsen

___1/06/10________________________________
Date



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