29th April 2022

Dear client,

BAF application for June 2022:

Please be advised that as a result of the review of fuel prices during the month of April 2022, there will be a reduction to the BAF recovery level for the month of June 2022. The applicable BAF will be as follows:

Routing June 2022 BAF

Asia to Pacific: USD950/TEU & USD1900/FEU

Pacific to Asia: USD950/TEU & USD1900/FEU

Inter-Pacific: USD380/TEU & USD760/FEU

The BAF level will apply to all bills of lading dated from 1st June 2022 until further notice.

Yours faithfully,

Trade Management