DATE : 11 February 2008

To : Our Valued Customers Who May Concern

From : “K” Line (Hong Kong) Ltd

Subject: REVISED BUNKER SURCHARGE (BAF) AND CURRENCY ADJUSTMENT FACTOR (CAF) FOR EURCO / MED / ISRAEL

In view of recent increase in the price of oil. Please be advised that in accordance with the established review procedures, the Bunker Surcharge Level (BAF) and Currency Adjustment Factor (CAF) for shipments to EUROPE / MED and ISRAEL will be adjusted as below :

MAR BAF (wef 01/03/08 – 31/03/08)

EUROPE –

20’ USD461

40’ / 40’HQ USD922

MED / ISRAEL

20’ USD456

40’ / 40’HQ USD912

MAR CAF (wef 01/03/08 – 31/03/08)

EUROPE 14.6%

MED 14.6%

ISRAEL 0.0%

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 Customer Service NON-TPS1.

Customer Service NON-TPS1

Tel : 2861-5401, 2861-5403, 2861-5404, 2861-5406, 2861-5408, 2861-5409

Email : hkglcusoth1hk.kline.com

Thanks for your kind attention.

Best Regards.

Yours faithfully,

For and on behalf of

“K” Line (Hong Kong) Ltd