Italy Trade BAF Increase

Date: 19/03/2012

Dear Customer,

Kindly note as of 1st of April 2012, € 15/TEU BAF increase will be applied to all Italy – Turkey & Greece, Italy – Levant and Italy – Black Sea eastbound cargoes.

BAF increases will be applicable to all cargoes originating from the Italian ports (Genoa, La Spezia, Salerno, Naples, and Cagliari) which Arkas Line is offering service from.

Updated BAF levels will be as follows:

Italy – Turkey BAF: € 150/TEU

Italy – Greece BAF: € 125/TEU

Italy – Egypt BAF: € 145/TEU

Italy – Lebanon BAF: € 125/TEU

Italy – Syria BAF: €185/TEU

Italy – Famagusta BAF: €130/TEU

Italy – Bulgaria, Constanta, Ukraine, and Russia BAF: € 145/TEU

Italy – Georgia BAF: € 200/TEU

BAF increases will be valid as from Vento di Bora (511) ETA Salerno 03/04, Vento di Bora (513) ETA La Spezia 05/04, and ETA Genoa 07/04. Vento Di Maestrale (609) Eta La Spezia 03/04, Eta Salerno 05/04.

We are hoping that our valued customers will understand and be supportive on this increase which aims to cover increasing bunker costs and for sure has high importance to protect service quality.

If you have any further questions regarding this charge please feel free to contact your local Arkas agent.

Yours sincerely

Arkas Line