Date: Monday, May 8, 2006

Re:	THE TRANS-ATLANTIC CONFERENCE AGREEMENT (TACA)

Dear NASA Member:

THE TRANS-ATLANTIC CONFERENCE AGREEMENT (TACA) announces:

Based upon the latest monitoring of fuel prices, TACA’s Bunker Adjustment Factor (BAF) will be adjusted with effect from June 16, 2006, through July 15, 2006, at the following levels:

Traffic to/from and via:
Atlantic/Gulf Coast Ports		Pacific Coast Ports
$ 467 per 20ft container		$ 700 per 20ft container
$ 933 per 40/45ft container		$ 1,400 per 40/45ft container
WM $47.00		WM $70.00

With respect to Currency Adjustment Factor (CAF), based on the latest monitoring of relevant currency values, the current Tariff published level remains unchanged at 6% (six percent) through at least July 15, 2006.

The TACA BAF and CAF to apply from July 16, 2006, will be announced on a minimum of 30 days’ notice. Appropriate details will be published timely in TACA’s relevant tariffs and on its website.

The Members of TACA are:

Atlantic Container Line A.B.
Mediterranean Shipping Co.
Maersk Line
Nippon Yusen Kaisha (NYK) Line
Orient Overseas Container Line

Best regards,

North American Shippers Association (NASA)
Joan Barrett
NASA Administrator