Dear customer,

 
This message is to inform you that, as from Autumn 2007, above surchage amounting to:

Euro.4,== per teu will be applied to all containers (both domestic and quay to quay) carried on BG vessels.

Hereunder you will find a clarification / justification of the cost we will invoice you.

Reason for implementation of "LSS"

The "International Maritime Organisation (IMO) has introduced the Marpol 73/78 annex VI rules that are applicable to us and all other shipping-lines. The IMO is the organisation that regulates, amongst others, the general rules for protection of the environment at sea worldwide. On a European level the EC, by means of directive 2005 / 33 / EC, has adopted the "Marpol" rules for ships to burn fuel oil with less than 1,5 % sulphur as per 11th of August 2007. Directive 2005 / 33 / EC is valid for all ships that enter the Baltic Sea, North Sea and the English Channel SECAs (SOx Emission Control Areas).

Dear customer,

 
Time has come to determine the level of the “Bunker Adjustment Factor” for the 4th quarter of 2007.
As mutually agreed we base ourselves on the average price per ton in US dollars for IFO 180 over the previous quarter according to BeBeKa.

This message serves to inform you that from 1st June till 20th August 2007 the average price according to the website of BeBeKa is: USD 379,39 per ton.

According to the slidingscale for the Ireland Service this would have as a result that;

“Bunker Adjustment Factor” for the 4th quarter of 2007 will be Euro 65,00 per TEU.

According to the slidingscale for the Scotland Service this would have as a result that;

“Bunker Adjustment Factor” for the 4th quarter of 2007 will be Euro 45,00 per TEU.

As you will understand, we have no other option then to increase our “Bunker Adjustment Factor” for the 4th quarter of 2007. We have kept the increase as limited as possible, however, as from 1st October we will have to add Euro 5,00 per TEU to the present level of BAF as agreed with your esteemed company.

Consequently we herewith kindly request you to amend your records and to add Euro 5,00 to the BAF we have invoiced you during the 3th quarter of 2007.

For good order’s sake please note that the introduction of the Low Suphur Surcharge as per 1st October 2007, as advised on 28th August last, is a separate issue and not related to the Bunker Adjustment Factor.

We are sure you will understand that this increase is caused by a variety of influences beyond our control.

Trust to have informed you correctly.

Regards,

BG Freight Line B.V.

Dear Customer,

As agreed we keep you informed on a monthly basis with respect to the fuelsurcharge we will be invoicing you.

Based on these prices, we should, as per sliding scale, update our percentage for the continental haulage to 13%, and the (N)-Irish haulage to 11%.
Although we have been able to absorb part of the fuelsurcharge and maintain the level for the past 7 months, we regret to inform you that now due to record highs, fuelsurcharge will have to be increased.

Consequently we will be invoicing you the following percentages for the month of October 2007.

Fuelsurcharge for the month of October 2007 is 11 % (CONTINENT)

Fuelsurcharge for the month of October 2007 is 11 % (REP.OF IRELAND/N-IRELAND)

Fuelsurcharge for the month of October 2007 is 11 % (SCOTLAND)

These percentages will be valid for the month of October 2007 only. We reserve the right to adjust above percentages in case fuelprices will increase during next month.

As a reminder we confirm that the trigger point to determine the percentages for invoicing purposes is the day of sailing of our vessel from the respective port of loading.

With kind regards,

BG Freight Line B.V.

Dear Customer,

As agreed we keep you informed on a monthly basis with respect to the fuelsurcharge we will be invoicing you.

Based on these prices, we should, as per sliding scale, update our percentage for the continental haulage to 14%, and the (N)-Irish haulage to 11% (present level). However, in order to safeguard the continuity in our relationship, we decided not to alter the percentages for this coming month.

Consequently we will be invoicing you the following percentages for the month of November 2007.

Fuelsurcharge for the month of November 2007 is 11 % (CONTINENT)

Fuelsurcharge for the month of November 2007 is 11 % (REP.OF IRELAND/N-IRELAND)

Fuelsurcharge for the month of November 2007 is 11 % (SCOTLAND)

These percentages will be valid for the month of November 2007 only. We reserve the right to adjust above percentages in case fuelprices will increase during next month.

As a reminder we confirm that the trigger point to determine the percentages for invoicing purposes is the day of sailing of our vessel from the respective port of loading.

With kind regards,

BG Freight Line B.V.

Dear Customer,

As agreed we keep you informed on a monthly basis with respect to the fuelsurcharge we will be invoicing you.

Based on these prices, we should, as per sliding scale, update our percentage for the continental haulage to 17%, the (N)-Irish haulage to 14%, and the Scottish haulage even to 18%.
Although we have been able to absorb part of the fuelsurcharge during the past 2 months, we regret to inform you that now due to record highs, fuelsurcharge will have to be increased.
In order not to disturb the market too much we decided to limit the percentages.

Consequently we will be invoicing you the following percentages for the month of December 2007.

Fuelsurcharge for the month of December 2007 is 14 % (CONTINENT)

Fuelsurcharge for the month of December 2007 is 14 % (REP.OF IRELAND/N-IRELAND)

Fuelsurcharge for the month of December 2007 is 14 % (SCOTLAND)

These percentages will be valid for the month of December 2007 only. We reserve the right to adjust above percentages in case fuelprices will increase during next month.

As a reminder we confirm that the trigger point to determine the percentages for invoicing purposes is the day of sailing of our vessel from the respective port of loading.

With kind regards,

BG Freight Line B.V.

Dear Customer,

Time has come to determine the level of "Bunker Adjustment Factor" for the 1st quarter of 2008.
As mutually agreed we based ourselves on the average price per ton in US dollars for IFO 180 over the previous quarter according to BeBeKa.

This message serves to inform you that from 1st October till 18th of December 2007 the average price for bunker IFO 180 according to the website of BeBeKa is: USD 466,53 per ton.

According to the slidingscale for the IRELAND SERVICE this would have as a result that:

"Bunker Adjustment Factor" for the 1st quarter 2008 will be Euro 75,00 per TEU.

According the the slidingscale for the SCOTLAND SERVICE this would have as a result that:

"Bunker Adjustment Factor" for the 1st quarter 2008 will be Euro 55,00 per TEU.

As you will understand, we have no other option then to increase our "Bunker Adjustment Factor" for the 1st quarter of 2008. We have kept the increase as limited as possible however, as from 1st of January we will have to add Euro 10,00 per TEU to the present level of BAF as agreed with your esteemed company.

Consequently we herewith kindly request you to amend your records and add Euro 10,00 per TEU to the BAF we have invoiced you during the 4th quarter of 2007.

We are sure you will understand that this increase is caused by a variety of influences beyond our control.

Trust to have informed you correctly.

Kind regards,

BG Freight Line B.V.

Dear Customer,

As agreed we keep you informed on a monthly basis with respect to the fuelsurcharge we will be invoicing you.

Based on these prices, we should, as per sliding scale, update our percentage for the continental haulage to 16%, the (N)-Irish haulage to 15%, and the Scottish haulage even even to 18%.

In order not to disturb the market too much we decided to leave the percentages unchanged at December 2007 levels.

Consequently we will be invoicing you the following percentages for the month of January 2008.

Fuelsurcharge for the month of January 2008 is 14 % (CONTINENT)

Fuelsurcharge for the month of January 2008 is 14 % (REP.OF IRELAND/N-IRELAND)

Fuelsurcharge for the month of January 2008 is 14 % (SCOTLAND)

These percentages will be valid for the month of January 2008 only. We reserve the right to adjust above percentages in case fuelprices will increase during next month.

As a reminder we confirm that the trigger point to determine the percentages for invoicing purposes is the day of sailing of our vessel from the respective port of loading.

Wishing you and your families a prosperous and healthy 2008

With kind regards,

BG Freight Line B.V.