Date: Friday, November 7, 2008

Re:	BAF – Argentina to U.S. East Coast/Gulf Ports

Please be advised that the BAF from Argentina to the U.S. East Coast/Gulf Ports will be reduced as follows effective December 1, 2008 :

Current Rate:
$   670 per 20' container
$1,340 per 40' container

New Rate:
$   550 per 20' container
$1,100 per 40' container