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Date: Friday, January 27, 2006

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 March 2006 at the following levels:
 
$401 per 20ft container
$802 per 40ft container
- all other cargo (W,WM or each) 34 percent
 
B) USSEC’s Tariff Currency Adjustment Factor (CAF) effective March 1, 2006, will be adjusted from 7% (seven percent) to 9% (nine percent) through, at least, March 31, 2006.

The BAF and CAF tariff positions from April 1, 2006, will be advised in due course.

For and on behalf of:

A.P.Moller-Maersk Sealand
P&O Nedlloyd Ltd.

Issued: Crawley, UK, January 27, 2006
Website: www.ussec.com
Email: Secretariat@taafc.co.uk

Best regards,

North American Shippers Association (NASA)
Joan Barrett
NASA Administrator