ANNOUNCEMENT OF BAF ADJUSTMENT
Asia to East Coast Central America and Caribbean

25 March 2011

Dear Customer,
The current review of bunker fuel prices has resulted in an increase to the Bunker
Adjustment Factor (BAF) applied on our Asia to East Coast Central America and
Caribbean trades.

The BAF will increase to US$ 1,330.00 per 20’ and US$1,900.00 per 40’/40’HC on
Eastbound cargo effective 1st May 2011 for all Asian origins (Bill Lading date).
Should you have any queries please do not hesitate to contact your local Hamburg Süd
Client Service representative or agent.

Thank you for your continued support of our services.