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Date: Friday, April 29, 2005

Re: 

U.S. South EUROPE CONFERENCE (USSEC) - BAF/CAF UPDATE

Dear NASA Member:

Resulting from the latest of the regular monitoring exercises in regard to fuel prices and currency values, the United States South Europe Conference (USSEC) wishes to announce:

A) The present Bunker Adjustment Factor published in USSEC tariffs will be extended unchanged for the month of June 2005 at the following levels:

$260 per 20ft container
$520 per 40ft container
- all other cargo (W,WM or each) 22 per cent

B) USSEC’s Tariff Currency Adjustment Factor (CAF) from June 1, 2005, will remain unchanged at 11% (Eleven Percent) through, at least, June 30, 2005

The BAF and CAF tariff positions from July 1, 2005, will be advised in due course.

The Members of USSEC are:

  A.P.Moller-Maersk Sealand
Hapag Lloyd Container Linie GmbH
P&O Nedlloyd Ltd.

Best regards,

North American Shippers Association (NASA)
Joan Barrett
NASA Administrator