“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 : September 2004

To : Our Valued Customers

From : “K” Line (Hong Kong) Ltd

Dear customers,

Subject: Notification of Port Construction Fee in Shenzhen Ports

As per announcement from Shenzhen Communication Bureau, a port construction fee will be collected for all shipments moving in and out of Shenzhen ports effective from 1^st October, 2004 at the following rates:

RMB 80 / TEU

RMB 120 / FEU

According to the guidelines received from Communication authorities that the fee should be paid by shippers (or agents) or consignees (or agents) and the fee collected, on behalf of Communication authorities, by the terminal operators.

The method of collection is still being discussed and it remains to be decided whether the fee will be collected the by terminal operators directly or whether shipping lines will be appointed by the terminal operators to do so. We shall communicate further as soon as the decision is made.

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/Mediterranean Section)