SCA CIRCULAR 03/2004

THE SUEZ CANAL AUTHORITY HAS DECIDED TO AMEND SOME ITEMS OF ARTICLE
ONE OF CIRCULAR NO:10/94 AS FOLLOWS:

1. AMENDING ITEM 10 OF FIRST (FEES) TO READ AS FOLLOWS:
10) THE RENTAL VALUE OF ESCORTING TUGS SHALL BE A UNIFIED RATE
OF SDR 8000.

2. ADDING TO ITEM 2 OF SECOND: (RENTALS) THE FOLLOWING:
*)THE RENTAL VALUE OF THE IMPOSED TUGS FROM THE CANAL ENTRY
TILL EXIT IS A UNIFIED RATE OF SDR 17000 PER COMPLETE TRIP.

THIS CIRCULAR SHALL TAKE EFFECT AS OF 15/12/2004