NASA News
Tuesday, April 29, 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 May, 2003 at the following levels

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

The above will apply through May 30, 2003.

The following BAF levels will become effective June 1, 2003:

     $160 per 20ft container
     $200 per 40ft container

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

Regards,
Judy Mannix
Administrator