Effective	30NOV2004
Filed	30NOV2004
Filing Codes	C

Control No: 040064
   
Except as otherwise provided a Currency Adjustment Factor
will be assessed on Ocean Freight rates, whether prepaid or
collect, but will not be assessed on surcharges,
arbitraries, nor other miscellaneous charges, that are
assessed separately from the Basic Ocean Freight.
     
A. FROM THE U.S. TO THE FAR EAST
                     EXP:30 JUN 2002  EFF: 01 JUL 2002
                  -----------------------------------------
   To Japan Only     -    39%           89% 
   To Taiwan Only    -     5%           55% 
   To Korea Only     -     0%           50% 
   To Singapore Only -     8%           58% 
     
B. FROM THE FAR EAST TO THE U.S.
   
  1. FROM Singapore ONLY
   
       EXP 31 DEC 2004   EFF 1 JAN 2005    EFF 1 MAY 2005
                         EXP 30 APR 2005
       ---------------------------------------------------
             62%               12%              62%
     
C. FROM THE U.S. TO EUROPE
     
   To Continental Range Ports and all inland points in
   Europe, other than United Kingdom and Scandinavian
   ranges, served via European Ports.
     
      0%
     
   To Scandinavian Range Ports and Inland Points served
   direct or via European Ports:
     
      0%
     
   To United Kingdom and The Republic of Ireland ports and
   inland points served direct or via European Ports:
     
      0%

Table Of Contents