BUNKERSPRICES HAVE INCREASED SUBSTANTIALLY OVER THE LAST FEW MONTHS, AND WE PRESENTLY SEE RECORDS LEVELS FOR SEVERAL PRODUCTS - INCLUDING MGO.

Sea-Cargo have no alternative but to adjust the bunkers surcharge, and will as from 15.04.05 increase the BAF with 3% - to a total of 8%.

We trust you all understand the situation and accept that the increase is justified by the market situation.

SEA-CARGO AS
05.04.05