Date: Monday, August 11, 2003

Re: TRANS-ATLANTIC CONFERENCE AGREEMENT (TACA)

Dear NASA Member:

THE TRANS-ATLANTIC CONFERENCE AGREEMENT (TACA) announces:

Based upon the latest monitoring of fuel prices, TACA's Bunker Adjustment Factor (BAF) applicable for the period August 16 - September 15, 2003 will continue unchanged for a further period of 30 days, through October 15th, 2003 at the following levels:

Traffic to/from and via:

Atlantic/Gulf Coast Ports $158 per 20ft container $316 per 40/45ft container

Pacific Coast Ports $237 per 20ft container $474 per 40/45ft container

The BAF to apply thereafter will be announced no later than September 15th, 2003.

The Members of TACA are:

Atlantic Container Line A.B. Hapag-Lloyd Container Linie GmbH Mediterranean Shipping Co. A.P. Moller-Maersk Sealand

Nippon Yusen Kaisha (NYK) Line Orient Overseas Container Line P&O Nedlloyd Limited

 
Regards,
Judy Mannix
Administrator