Date: Friday, February 11, 2005

Re:	PORT CONGESTION SURCHARGE - LOS ANGELES AND LONG BEACH

Dear NASA Member,

Received the following from Trans-Atlantic Conference Agreement (TACA):

Since the October 13, 2004, announcement in regard to the implementation of a Congestion Surcharge at the above ports, Carriers have continued to monitor operations at these locations. The latest assessment shows some relief in delays and improved vessel turnaround times. This allows the Congestion Surcharge to be suspended subject to further ongoing monitoring of performance.

To this end, TACA wishes to advise that:

• The Congestion Surcharge will be suspended with effect from February 15, 2005, through March 31, 2005.
  
  
• The Congestion Surcharge ($200 per 20ft and $400 per 40/45ft) will be retained in the Tariff against an effective date of April 1, 2005.
  
  
• Prior to March 31, 2005, a further announcement will be made confirming either a further period of suspension or the reapplication of the Congestion Surcharge, depending upon prevailing circumstances.
  
  
• This cycle of monitoring and announcements/tariff adjustments will continue on a monthly basis until further notice.

The Parties to TACA are:

Atlantic Container Line AB
Hapag Lloyd Container Linie GmbH
Mediterranean Shipping Co. SA
A P Moller-Maersk Sealand
Nippon Yusen Kaisha
Orient Overseas Container Line Ltd
P&O Nedlloyd Ltd

Best regards,

North American Shippers Association (NASA)
Joan Barrett
NASA Administrator