ECAF – Emergency Currency Adjustment Factor – Universal Africa Lines

Capelle aan den IJssel, 16th March 2015

Dear Customer,

Please note that in the past period the Euro got a lot weaker compared to the US Dollar. Most of our costs are in US Dollars and we invoice freights in Euros. We have been able to absorb these financial losses for a long time but the current steep decline is forcing us to implement an ECAF. We will currently implement an ECAF of 8 percent in order to maintain our service to which you are used to. This surcharge will be implemented as per bill of lading date 1st April 2015 onwards.

We will monitor this situation closely and same will be adjusted when needed.

Please relay this message to the ones you deem is necessary to inform. For more information please do not hesitate to contact us.

Kind regards,

Universal Africa Lines