ASIAN FEEDER DISCUSSION GROUP (AFDG)

NOTICE TO MAIN LINE OPERATORS (MLOs)

BUSINESS PLAN 2011 - 28th December 2010

The following Members of AFDG wish to inform the trade of their Business Plan for 2011.

1. RATE RESTORATION (RR)

Members will be implementing a number of rates restorations in 2011 to recover increased operating costs as well as loss revenue incurred in 2010.

Accordingly separate Rate Restorations will apply in the first and second quarters of 2011.

Quantum increases on both occasions from Singapore to South East Asia and South Asia and vice versa will be as follows:-

* From Singapore to countries in South East Asia and vice versa - increase of a minimum of USD50.00 per TEU.

* From Singapore to countries in South Asia and vice versa - increase of a minimum of USD100.00 per TEU.

Full details will be announced with 30 days advance notice.

2. CRITICAL BUNKER RECOVERY (CBR) & ancillary charges

Members wish to remind the trade that all rates quoted by them are subject to applicable ancillary charges which include Critical Bunker Recovery (CBR), DG Cargo, Heavy Weight and Hi-Cube charges.

3. CURRENCY ADJUSTMENT FACTOR (CAF)

With the weakening of US Dollar against major currencies, Members are monitoring the situation and may implement a Currency Adjustment Factor (CAF) to recover losses in revenue arising there-from. Due notice will be given to the trade.

Members of this Agreement have adopted voluntary policy guidelines and have reached a non-binding consensus in applying the above.