2.6.2008

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:

EUR 85/20'

EUR 170/40'

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 17th of June 2008.

Best regards

Tschudi Lines Baltic Sea AS