Effective	26Mar1996
Filed	20Feb1996
Filing Codes	I

A. CURRENCY

    Rates and charges are quoted in U.S. currency and have
    been determined with due consideration to the
    relationship of U.S. currency to other currencies
    involved.  In the event of any material change in this
    relationship carrier's reserve the right, upon
    publication in conformity with the provisions of the
    U.S. Shipping Act of 1984, as amended, to adjust the
    rates and charges as required.

B. PAYMENT IN U.S. DOLLARS

    Except as otherwise provided, freight and charges shall
    be paid in United States Dollars.

C. METHODS OF PAYMENT

    Payments for freight or charges due the carrier must be
    payable in legal tender or, at carrier's option, by
    check or bank draft acceptable by carrier's bank for
    immediate credit without charges.

D. PREPAID FREIGHT

    1. When freight and charges are prepaid, such payment
       shall be made not later than the time of release of
       any original ocean bill of lading by the carrier to
       the shipper or his duly authorized licensed freight
       forwarder or agent acting in his behalf.

       When freight and charges are billed prepaid they may
       be paid in U.S. Dollars or at the option of the
       carrier paid in the currency acceptable to the
       carrier, provided such currency shall be unblocked,
       freely convertible and freely remittable free of tax
       into U.S. Dollars.

       When freight and charges are paid in other than U.S.
       currency, conversion to U.S. Dollars shall be at the
       highest telegraphic transfer selling rate in effect
       on the date cargo is received by the carrier or its
       agent.
E. FREIGHT COLLECT
    1. All freight and charges which are billed on a
       freight collect basis must be paid in full in U.S.
       Dollars for the complete originally issued Bill of
       Lading quantity prior to release of cargo and any
       portion thereof.

    2. When freight and charges are billed collect they may
       be paid in U.S. Dollars or at the option of the
       carrier paid in the currency acceptable to the
       carrier,provided such currency shall be unblocked,
       freely convertible and freely remittable free of tax
       into U.S. Dollars.

    3. When freight and charges are paid in other than U.S.
       currency, conversion to U.S. Dollars shall be at the
       highest telegraphic transfer selling rate in
       effect on the date cargo is received by the carrier
       or its agent.

Table Of Contents