SSNZ BAF

BUNKER ADJUSTMENT FACTOR (BAF)

Dear Customer,

Due to the trend in the price of bunker fuel this past month, the Swire Shipping BAF

formula has triggered as follows:

Cargo loading on East/South East Asia Service

USD825.00 per TEU

USD1650.00 per FEU

USD40.50 per REVENUE TONNE for break-bulk and LCL cargoes

Cargo loading on North Asia Service

USD825.00 per TEU

USD1650.00 per FEU

USD40.50 per REVENUE TONNE for break-bulk and LCL cargoes

The surcharge will apply for all consignments showing a Bill of Lading date of 1 January

2012 or later on the following Swire Shipping routes:

East/South East Asia Fiji, New Caledonia and New Zealand to Asia (Northbound)

Asia to Fiji, New Caledonia and New Zealand (Southbound)

North Asia Fiji, New Caledonia and New Zealand to Asia (Northbound)

Asia to Fiji, New Caledonia and New Zealand (Southbound)

We thank you for your understanding on the impact of bunker fuel prices and we

appreciate your continued support.

For further information please do not hesitate to contact your local Swire Shipping

representative.

Swire Shipping
Auckland
www.swireshipping.com