Date: Tuesday, October 14, 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 October 16th - November 15th, 2003, will continue unchanged for a further period of 30 days, through December 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 from December 16, 2003 will be announced no later than November 15, 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