Date: Monday, May 2, 2005

Re:

MED BAF

Dear NASA Member:

Effective June 1, 2005, CP Ships has announced that the BAF from the Mediterranean to the U.S. West Coast will be as follows:

USD 350/20’
USD 700/40’

Also effective June 1, Italia Line has announced from the Mediterranean to the following:

U.S. West Coast / Manzanillo, Mexico : USD 350/40’; USD 700/40’
Vancouver, Canada : USD 311/20’; USD 622/40’

Best regards,

North American Shippers Association (NASA)
Joan Barrett
NASA Administrator