NASA News

Monday, February 24, 2003
Re: USSEC Westbound rate increase for 2003

Dear NASA Member:

The United States South Europe Conference (USSEC) advises that based on its latest monthly monitoring of fuel prices, the currently published BAF will be extended unchanged, to apply for the month of April 2003 at the following levels.

     $170 per 20ft container
     $340 per 40ft container

The above will apply through April 30, 2003. The BAF thereafter will be announced during week commencing March 24, 2003.

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

Kind regards,
Judy Mannix, Administrator

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