Date: Monday, February 1, 2010 Re:  March BAF Europe/South Africa, and South America Unchanged Please be advised of the following BAF levels for March 2010: Europe, South Africa to USA Based on IFO 380 Rotterdam rolling 3 month index average Month Adjustment 20' 40' Jan 2009 No change, remains at $173 per TEU $173 $346 Feb 2010 No change, remains at $173 per TEU $173 $346 Mar 2010 No change, remains at $173 per TEU $173 $346 South America to USA Based on IFO 380 Houston rolling 3 month index average Month Adjustment 20' 40' Jan 2009 No change, remains at $177 per TEU $177 $354 Feb 2010 No change, remains at $177 per TEU $177 $354 Mar 2010 No change, remains at $177 per TEU $177 $354 Europe, South Africa, and South America BAF is based on either the IFO 380 Rotterdam or Houston indexes rolling three month averages and is adjusted when the average exceeds +/- 15%. Daily monitoring of the IFO 380 Rotterdam and IFO 380 Houston can be found at bunkerworld.com Monthly monitoring at JF Hillebrand's website at www.jfhillebrand.com/US under BAF Information.