Dear Valued Clients

K Line wish to announce the following baf revisions:

Revision to Southbound bunker surcharge ex South East Asia to Australia:

The baf from Singapore / Thailand / Malaysia / Indonesia / Phillipines / Vietnam to Australia will increase from the 1st Feb 2011.

The new baf will be: USD$610/20' USD$1220/40'

Revision of bunker surcharge from North East Asia to Australia:

The baf from China / Hong Kong / Taiwan /Korea to Australia will increase from the 30th Jan 2011.

The new baf will be: USD$450/20' USD$900/40'

Best regards

Loch M Fraser Logistics Pty Ltd