Date: 23^rd March 2022

Dear Valued Customers,

Subject: IMO 2020 Environmental Fuel Surcharge (EFS) Effective 1^st May 2022

Please be informed that an Environmental Fuel Surcharge (EFS) as per below; will be imposed based on a Low Sulphur fuel price of between US$850 to US900 per ton with effective from 1^st May 2022.

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