Dec 2005

To: all valuable client

Subj: Revised Bunker Surcharge (BAF) ex. Hong Kong / South China to East Australia

As a result of the recent decline in oil price at HongKong & South Korea, member lines of AADA wish to advise that in accordance with the established review procedures, bunker Surcharge level for shipments from Hong Kong, South China to ports in East Australia will be reduced to US$250 per TEU and US$500 per FEU for dry and refrigerated containers with effect from the respective date onward (in accordance to the Bill of lading manifested date)

Effective date

· East Australia (MEL/SYD/BRI/ADL) 23th Dec 2005

We take this opportunity to thank for your valuable support and look forward to having your unchanged patronage in future. Should you have any further queries please feel free to contact our sales department of Australia customer service telephone number 28615534/28615531-2.

Thank for your kind attention.

Best Regards.

Yours faithfully,

For and on behalf of

“K” Line (HK) Ltd