Dear valued clients

K Line wish to make the following announcements:

• From 15th April, rates from China / Hk / Taiwan & Korea to Australia will increase. The increase will be: USD$250/20' USD$500/40'

• Effective 26th March the baf from China / Hk / Taiwan & Korea to Australia will increase. The new baf will be: USD$525/20' USD$1050/40'. The Baf will increase again on the 16th April to: USD$575/20' USD$1150/40'

Yours faithfully

Loch M Fraser Logistics Pty Ltd