Monday , July 28, 2003

Re: United States South Europe Conference USSEC Bunker Adjustment Factor September 1, 2003 to September 30, 2003.

Dear NASA Member:

THE UNITED STATES SOUTH EUROPE CONFERENCE (USSEC) published in it relevant Eastbound and Westbound Tariffs, will be adjusted to the following levels, effective September 1, 2003.

$ 176 per 20ft container
$ 352 per 40ft container
-
The above will apply through September 30, 2003.

The BAF thereafter will be announced during week commencing August 18, 2003.

The Members of USSEC are:
A.P.Moller-Maersk Sealand, Hapag Lloyd Container Linie GmbH,
P&O Nedlloyd Ltd.

Best Regards,
The North American Shippers Association

Judy Manager
Administrator