[ MEDFEC, Agreed to Pursue the Westbound Rate Restoration ]

MEDFEC, Agreed to Pursue the Westbound Rate Restoration Programme US$
150/300, For 20’and 40’From 1st June 1998

The principals of the member lines of the Mediterranean Far East Confe
rence(MEDFEC), agreed to further pursue the westbound rate restoration
programme.
The minimum rate increases to all Mediterranean destinations will be o
f US$ 150/300, for 20’ and 40’ respectively.
The above increases will be implemented from the 1st June 98 with a ma
ximum validity period of 4 months.
The MEDFEC member lines are CMA, DSR-Senator, K-Line, Lloyd Triestino,
Maersk, MISC, MOL, NYK, P&O Nedlloyd, Sea-Land, Yang Ming Line.