Port Congestion Surcharge

27 November 2012

Port Congestion Fee (PCF)
Lae & Port Moresby

Dear Valued Customer,

Swire Shipping has undertaken their planned quarterly review of delays due to congestion in Lae and Port Moresby in relation to the levy for the Port Congestion Fee (PCF).

We are pleased to advise that conditions have improved in the last period resulting in a decrease to the following levels:

• Containers : USD115/teu
• Breakbulk : USD7/rt

These changes will be effective for shipments with a Bill of Lading date on or after December 1st.

The PCF will be payable in Papua New Guinea by consignee (imports) or shipper (exports).

Kindly note the following application for transshipment cargo:

To/From Australia/New Zealand - Congestion Surcharge will apply to all cargo transshipped via Lae or Port Moresby.

To/from Ex Asia/Europe – Congestion Surcharge will only apply to cargo transshipped to/from Wewak, Vanimo, Kieta & Buka.

Swire Shipping is constantly monitoring congestion in Lae and Port Moresby and will continue to review the level of the PCF on a quarterly basis with the next review scheduled for 1st February 2013.

Please do not hesitate to contact your local sales representative for more information.

Yours sincerely
Swire Shipping Trade Management