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BUSINESS PLAN FAR EAST CONFERENCE - 2007
Far Eastern Freight Conference (FEFC)
Business Plan - Westbound Cargo - 2007

At their meeting on 25th October 2006, FEFC Principals agreed the following FEFC Business Plan for Westbound cargo for 2007:

From Asia (excluding Japan) to North Europe/Baltic/Scandinavia and Mediterranean

1st January 2007 A Conference rate increase of USD 200 per TEU
1st April 2007 A Conference rate increase of USD 200 per TEU
1st July 2007 A Conference rate increase - quantum to be decided and announced later.

15th September 2007 or 1st October 2007 A Conference rate increase - timing and quantum to be decided and announced later

6 month contracts A Conference rate increase of USD 300 per TEU with effect from 1st January 2007

High Cube Surcharge from Asia (excluding Japan) to North Europe/Baltic/Scandinavia and Mediterranean

USD 250 per Container with effect from 1st January 2007

Peak Season Surcharge

From Asia (excluding Japan) to North Europe/Baltic/Scandinavia
1st August 2007 until 15th November 2007, quantum to be decided and announced later.

From Asia (excluding Japan) to Mediterranean
1st June 2007 until 15th October 2007, quantum to be decided and announced later.

From Japan to North Europe/Baltic/Scandinavia and Mediterranean

12 month contracts (in two tiers) 1st April 2007 A Conference rate increase of USD 300 per TEU
1st July 2007 A Conference rate increase of USD 150 per TEU

6 month contracts (in three tiers) 1st April 2007 A Conference rate increase of USD 200 per TEU
1st July 2007 A Conference rate increase of USD 150 per TEU
1st October 2007 A Conference rate increase of USD 200 per TEU