PFL Trade Notice – Emergency Bunker Trigger – Effective 15th April 2022

Dear Valued Customers,

The current global political events are creating major volatility and unpredictable fluctuations in fuel
prices. Since our last Bunker review held on the 28th of February bunker prices have risen by USD400
per m/t.

We are not able to absorb such a large increase and therefore have reviewed and will apply the
following Bunker Adjustment Factor from vessels loading on or after the 15th of April 2022.

We understand that the current market volatility also has a significant impact on your supply chain
costs therefore until fuel prices stabilize, we will increase the frequency of our bunker review cycle to
fortnightly and adjust the revised BAF charges with 30 days’ notice. This will allow for both 30 days’
notice of increases and for reductions in fuel costs to be passed on quickly when the volatility in the
fuel price abates.

The following BAF surcharges will apply to all cargo loading on vessels on or after the 15th of April

Notes: Reefers – to be applied at a trade coefficient of 1.5 per TEU of dry, or USD901.50 per TEU.

We thank you for your understanding on this matter and for your continued support. Should you have
any further questions or queries please contact your Pacific Forum Line representative.

Pacific Forum Line