BAF Adjustment February 2012

Dear Valued Customers,

Following our last review of bunker prices during the month of December 2011, 
BAF will be maintained for all vessels sailing from the respective load ports on or
after 1^st February 2012 as follows:

3 Jan 12

BAF Adjustment January 2012

Dear Valued Customers,

Following our last review of bunker prices during the month of November 2011, 
BAF will be revised for all vessels sailing from the respective load ports on or after 
1^st January 2012 as follows:

2 Dec 11

BAF Adjustment December 2011

Dear Valued Customers,

Following our last review of bunker prices during the month of October 2011, 
BAF will be maintained for all vessels sailing from the respective load ports on
or after 1^st December 2011 as follows:

1 Nov 11

NewPac PNG Port Congestion Surcharge (PCS)

Dear Valued Customers,

Due to the severe port congestion in Papua New Guinea (PNG), all shipping lines’
vessels including Newpac’s, have been badly delayed and schedule disrupted.
This have also affected ship operations and productivity.

24 Oct 11

BAF Adjustment November 2011

Dear Valued Customers,

Following our last review of bunker prices during the month of September 2011, 
BAF will be revised for all vessels sailing from the respective load ports on or after 
1^st November 2011 as follows:

3 Oct 11