Date: Monday, December 29, 2003 Re:  UNITED STATES SOUTH EUROPE CONFERENCE USSEC BUNKER ADJUSTMENT FACTOR FEBRUARY 1, 2004 TO FEBRUARY 29, 2004 Dear NASA Member: THE UNITED STATES SOUTH EUROPE CONFERENCE (USSEC) published in its relevant Eastbound and Westbound tariffs, will be adjusted to the following levels, to apply for the month of February 2004, at the following levels:          $ 131 per 20ft container          $ 262 per 40ft container The above will apply through February 29, 2004. The Members of USSEC are: A.P.Moller-Maersk Sealand, Hapag Lloyd Container Linie GmbH, P&O Nedlloyd Ltd.   Best Regards, The North American Shippers Association Judy Mannix Administrator