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Date: Friday, August 26, 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 October 2005 at the following levels:
 


$323 per 20ft container
$646 per 40ft container
- all other cargo (W,WM or each) 27 percent


B) 

USSEC’s Tariff Currency Adjustment Factor (CAF) from October 1, 2005, will remain unchanged at 9% (Nine Percent) through, at least, October 31, 2005.

The BAF and CAF tariff positions from November 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 Limited

Best regards,

North American Shippers Association (NASA)
Joan Barrett
NASA Administrator