Date: 30^th November 2020

Dear Valued Customers,

Subject: IMO 2020 Environmental Fuel Surcharge (EFS) Effective 4^th January 2021

Please be informed that an Environmental Fuel Surcharge (EFS) will be imposed based on a Low Sulphur fuel price of between US$350 to US$400 per ton with effective from 4^th January 2021.

The Environmental Fuel Surcharge (EFS) will be reviewed in monthly basis for necessary adjustment in line with below Matrix and implemented with an advance notice to customers.

Please contact our local Sales and Customer Service team for bookings and any further assistance.

Customer Service Management

Emirates Shipping Line