Date: Thursday, November 1, 2007

Re:	BAF – South Africa to/from USA

Please be advised effective December 1, 2007, the Bunker Adjustment Factor will increase as follows:

USD 865 per 20’ Dry Container (currently USD 745)
USD 1,440 per 40’ Dry Container (currently USD 1,240)

Best regards,

North American Shippers Association
Joan Barrett
NASA/Insurance Administrator
Direct: 732-680-4540
Fax: 732-388-6580
j.barrett@jfhillebrand.com