“K”LINE

                          “K”LINE (HONG KONG) LTD.

TELEPHONE : 28615511 33^RD FLOOR, UNITED CENTRE, TELEGRAPHIC ADDRESS :

TELEX NO. : 73776 KLINE HX 95 QUEENSWAY “KAWAKISEN” HONG KONG

(G. P. O. BOX NO. 503)

HONG KONG

DATE : July 2005

To : Our Valued Customers Who May Concern

From : “K” Line (Hong Kong) Ltd

Dear customers,

Subject: Notification for implement Documentation Fee of

HKD125 per B/L from Hong Kong to North Europe & Mediterranean

Please be advised that Kline hereby announced to implement Documentation Fee of HKD125 per B/L with effect from 15th August, 2005 for all dry and reefer shipments from Hong Kong to North Europe, Mediterranean and Black Sea ports.

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 Europe customer service of telephone number 28615531-2.

Thanks for your kind attention.

Best Regards.

Yours faithfully,

For and on behalf of

“K” Line (Hong Kong) Ltd

Sales Department (Europe Section)