SCA CIRCULARS

SCA Circular No. 3/2010

For LNG VSLS Reductions.

Article one

Transit dues rate for Natural Gas Carriers shall remain in force as per the table of dues attached to Circular 1/2010. Meanwhile the rebate of 35% of dues, granted to this category of ships, shall also remain unchanged regardless of their destination.

Article two

First:

In addition to the reduction granted to LNG's in article one, further rebates, to Liquefied Natural Gas quantities transported through the Suez Canal, shall be given as shown hereunder:

a) The client is granted a reduction of 5% on the round trip made by the carrier, if the gas quantities transported for the client through the Suez Canal during one year, from the date of contracting with SCA, exceed half a million tons and up to one million tons .

b) The client is granted a reduction of 10% on the round trip made by the carrier, if the gas quantities transported for the client through the Suez Canal during one year, form the date of contracting with SCA, exceed one million and up to two million tons.

c) The client is granted a reduction of 15% on the round trip made by the carrier, if the gas quantities transported for the client through the Suez Canal during one year, from the date of contracting with SCA, exceed two million ton.

Second:

Reduction stated in article two Item First (a,b,c) shall be calculated on transit dues, after deducting the 35% stated in article one, and shall be settled upon the return trip once the bill of lading and cargo manifest have duly been submitted.

Third :

Any client who wishes to benefit from the said reductions, Article Two, Item First (a,b,c) shall submit a request stating all necessary information as per the attached form, adequately in advance of transit. A special file on the client's carriers shall be initiated to follow up their trips and calculate their relevant gas quantities that have already been transported.

This circular will be applied on files initiated as of the date of issue.

Director of Transit Dept.

Eng./ Mostafa Mahmoud Saleh