FOR EXPORT SHIPMENTS FROM KOREA, CHINA, HONG KONG AND TAIWAN TO AUSTRALIA

In order to maintain a high standard of service to their customers, the participating member lines of AADA (Asia Australia Discussion Agreement) will be implementing a rate restoration programme from 1 st July, 2008 to all their customers in Korea, China, Hong Kong and Taiwan.

From 1 st July, 2008 all outward shipments with origin in Korea, China, Hong Kong and Taiwan to ports and points in Australia will levy an increase of US$350/TEU and US$700/FEU for both dry and refrigerated cargo in the base ocean freight. This increase will apply in full on top of existing ongoing market rates and will be subject to accessorial surcharges applicable at the time of shipment.

AADA is a voluntary discussion forum of 13 ocean carriers serving the trade from North and East Asia to destinations in Australia. Members include:-

ANL Singapore Pte Ltd (ANL) China Shipping Container Line (HK)

COSCO Container Line Hamburg Sud (HSDG)

Hanjin Shipping Hyundai Merchant Marine

Kawasaki Kisen Kaisha (“K” Line)

Maersk Line Mediterranean Shipping Co. (MSC)

Mitsui O.S.K. Lines (MOL Line) Nippon Yusen Kaisha (NYK Line)

Orient Overseas Container Line (OOCL)

Gold Star Line (HK) (GSL)

Dated at Hong Kong 28 th May, 2008