FROM SOUTH EAST ASIA AND SOUTH ASIA TO AUSTRALIA

SOUTH EAST ASIA AND SOUTH ASIA / AUSTRALIA

TRADE FACILITATION AGREEMENT

In November 2007, Member Lines of the South East Asia and South Asia / Australia Trade Facilitation Agreement have informed the trade of their Business Plan 2008.

This is to confirm that Member Lines will be implementing the balance of the Rate Restoration (RR) as announced in November 2007. The details are as follows:

Effective 15 June 2008: Rate restoration of a minimum of

USD 300.00 per TEU

Effective 15 September 2008: Details of Rate Restoration to be

announced nearer the date

Effective 1 November 2008: Details of Rate Restoration to be

announced nearer the date

The above RR will apply for all shipments from Singapore, Malaysia, Indonesia, Thailand, Vietnam and the Indian Sub-Continent (India. Sri Lanka, Pakistan and Bangladesh) to Australia

In order to maintain the level of service demanded during the peak season, a Peak Season Surcharge of USD 250.00 per TEU will be implemented. Details of the effective date (expected to be in August 2008) of the PSS will be announced in due course.

Member Lines have adopted voluntary policy guidelines and have observed the non-binding element of their Agreement.

Participating Lines:

ANL Singapore Pte Ltd APL Co. Pte Ltd

Gold Star Line Hanjin Shipping Co Ltd

Hyundai Merchant Marine Co., Ltd K Line

Maersk Line MISC Berhad

Mitsui OSK Lines Ltd NYK Line

Orient Overseas Container Line Ltd P T Djakarta Lloyd

Pacific International Lines Pte Ltd Regional Container Lines

Date: 12 May 2008