X0202 4 2007-04-02 0 0001299716 U.S. Shipping Partners L.P. USS 0001195331 LUTERMAN GERALD C/O U.S. SHIPPING PARTNERS L.P. 399 THORNALL STREET EDISON NJ 08837 1 0 0 0 Common units representing limited partner interests 2007-04-02 4 A 0 2000 0 A 2000 D Consists of restricted units issued as partial compensation for service as director of the general partner of USS. These restricted units vest on March 31, 2008, subject to earlier vesting in the event of a change in control, death, disability, retirement or resignation at the request of the Company. Mr. Luterman is to receive distributions on the restricted units. The vesting schedule of the units is as follows: 500 units will vest on the date hereof and 500 units will vest on each of July 1, 2007 October 1, 2007 and January 1, 2008. /s/ Gerry Luterman 2007-04-03