28.3.2008

Dear Customer,

In view of unprecedented growth of bunker prices our bunker costs have substantially increased.

To partly offset the increase of the bunker costs we have to adjust the current BAF surcharges.

The new BAF will be following:

Benelux/UK - Estonia/Finland v.v.

EUR 120/20' (GBP 90 if freight is rated in British pounds)

EUR 240/40' (GBP 180 if freight is rated in British pounds)

Benelux/UK - Lithuania/Poland v.v.

EUR 100/20' EUR 200/40'

Estonia/Finland - Lithuania/Poland v.v.

EUR 84/20’ EUR 168/40’

Estonia-Finland v.v.

EUR 15/20’ EUR 30/40’

BAF for 23', 25', 26’ cntrs is rated as 20'.

BAF for 30' and 45’ cntrs is rated as 40'.

The new BAF is applicable for laden and empty cntrs.

Valid from 11th of April 2008.

Valid only for BILATERAL trade cargo (not for feeder).

Best regards,

Tschudi Lines Baltic Sea AS