Subject : General Rate Increase (GRI) Notice

Dear Valued Customers,

Hyundai Merchant Marine ("HMM") is going to implement a General Rate Increase ("GRI") for all cargoes moving from Asia to US, Canada and Mexico trade under tariff rates and Service as below.

GRI applies to all cargoes received at the carrier's custody on/after each effective date destined to US, Canada and Mexico.

Should you have any inquiry or question, please contact your HMM account manager in our sales office.

TRANS - PACIFIC SALES TEAM

Hyundai Merchant Marine Co., Ltd.