19th January 2009
To Members & whom it may concern,

Dear Sir(Madam),

RE : ANNOUNCEMENT OF SCALES OF AGENCY FEES 2009 IN KOREA


We sincerely hope your company shall be more prosperous at all times in this year.

Please be advised that our Board of Directors decided to revise “SCALES OF AGENCY FEES IN KOREA" on the 14th January 2009 as attached.

As shown in the SCALES, change is only limited to some wordings, but not rates themselves.

These SCALES shall be retrospectively effective from 1st January 2009.

We strongly look forward that Members and Principals shall cooperate each other to observe "SCALES OF AGENCY FEES 2009 IN KOREA" for mutual benefits.

Yours very truly,
THE INTERNATIONAL SHIPPING AGENCIES ASSOCIATION

OF KOREA


S. B. Lee
Chairman