Rebate Overview, Circulars & Maps

Port of Savannah Port of Karachi Port Klang Far East Asia %CIRCULAR NO. 3/2018 Dry Bulk Vessels (Laden/Ballast) Departure origin port until: 31st December 2025 10% West Coast of Indian Subcontinent (From Port of Karachi until Port of Cochin) 40% Port located East of Cochin port up to Port Klang 55% Port Klang and its Eastern ports (including Far East area) Laden or Ballast Dry Bulk Vessels operating between the East Coast of North America (ports located at the North of Savannah port) and the following areas shall be granted rebates as follows: Port of Savannah Ports up to Brazilian Ports Port Klang Far East Asia 25% West Coast of Indian Subcontinent (From Port of Karachi until Port of Cochin) 65% Port located East of Cochin port up to Port Klang 75% Port Klang and its Eastern ports (including Far East area) Laden or Ballast Dry Bulk Vessels operating between Savannah port (Latitude 32° 6' 39" N) and its Southern Ports (including Ports of US Gulf, Mississippi River, Caribbean Sea, and Latin America (before Brazilian Ports)) and the following areas shall be granted rebates as follows: 10% 40% 55% 25% Please see the official circular issued by the Suez Canal Authority at: https://www.suezcanal.gov.eg/English/Navigation/NavigationCirculars/Pages/PC3.2018_04-12-2024.aspx 65% 75% Port of Cochin Port of Karachi Port of Cochin

Cadiz port Darwin port Geraldton port Cairns port %CIRCULAR NO. 2/2017 Dry Bulk Vessels (Laden/Ballast) Departure origin port until: 31st December 2025 25% Ports located at North West of Cairns port and ending with Darwin port. 55% Ports located at the West of Darwin port till before Geraldton port at the West of Australia. 75% Ports located at the South West, South and East of Australia which starts at Geraldton port at the South West of Australia and ending at Cairns port at the East of Australia Laden or Ballast Dry Bulk vessels coming from (or heading to) ports at North West Europe (starting from Cadiz port and its Northern ports) and heading to (or coming from) the below areas at Australia shall be granted the following rebate percentages: 25% 55% 75% Please see the official circular issued by the Suez Canal Authority at: https://www.suezcanal.gov.eg/English/Navigation/NavigationCirculars/Pages/PC2.2017_04-12-2024.aspx

Ports of Mauritania and its southern ports up to Guinea Muscat port Port of Karachi Far East Asia %CIRCULAR NO. 2/2021 Dry Bulk Vessels (Laden/Ballast) Departure origin port until: 31st December 2025 15% The Arabian Gulf (ports within the Arabian Gulf starting from the port of Muscat) 25% Ports West of Indian subcontinent starting from Karachi until Cochin 75% Ports located East of Cochin port (including the Far East area) Laden or Ballast Dry Bulk Vessels operating between West of Africa (starting from ports of Mauritania and its Southern ports up to ports of Guinea) and heading to (or coming from) the following areas shall be granted rebates as follows: Far East Asia 70% 75% Port of the Indian subcontinent starting from Port of Karachi and its eastern ports (including Far East area) Laden or Ballast Dry Bulk Vessels operating between West of Africa (starting from ports of Guinea and its Southern ports) and heading to (or coming from) the following areas shall be granted rebates as follows: 15% 25% Guinea Muscat port 70% Port of Karachi Please see the official circular issued by the Suez Canal Authority at: https://www.suezcanal.gov.eg/English/Navigation/NavigationCirculars/Pages/PC2.2021_04-12-2024.aspx 75% 75% 15% The Arabian Gulf (ports within the "Arabian Gulf" ports (ports within the Arabian Gulf starting from the port of Muscat) Port of Cochin

% CIRCULAR NO. ?/202? Dry Bulk Vessels (Laden%Ballast) & Other vessels (Laden) Departure origin port until: 31st December 2025 2?% qorts at (Ghana / }ogo / Benin / Uigeria) 5Dry Bulk Vessels6 +laden % ballast, (whether 5Dry Bulk Vessels6 (?L%?B) or 5Zther Vessels6 (??L%??B) transit dues tariff is applied) operating between 'gyptian ports on the 5ted Sea6 on one side and ports at South-West Africa on the other side shall be granted the following rebate percentages: qlease see the official circular issued by the Suea anal Authority at: https://www.suezcanal.gov.eg/English/Navigation/NavigationCirculars/Pages/PC9.2023_04-12-2024.aspx q+4. ?4 :??? }? ?? j U???+?? 2?% '?Y(4?? q+4. ? t?? w?? Ports at 5? ?+6 and its Southern ports '?Y(4?? q+4. ? t?? w?? 5Dry Bulk Vessels6 +laden % ballast, (whether 5Dry Bulk Vessels6 (?L%?B) or 5Zther Vessels6 (??L%??B) transit dues tariff is applied) operating between 'gyptian ports on the 5ted Sea6 on one side and ports at South-West Africa on the other side shall be granted the following rebate percentages: 45% qorts at 5ameroon6 and its Southern ports 45%

Ports North of the Suez Canal Aqaba Port, Jordan % CIRCULAR NO. 5/1996 Dry Bulk Vessels (Laden/Ballast) 10% For both trips (loaded/in ballast) Ships coming from regions north of the Suez Canal and ( carrying wheat only) to be unloaded in the Jordanian Aqaba harbour shall be granted a rebate of the following: 10% Please see the official circular issued by the Suez Canal Authority at: https://www.suezcanal.gov.eg/English/Navigation/NavigationCirculars View this particular circlar at: https://lethagencies.com/files/circular05-96-aqaba-10-3560.pdf

Miami Far East Asia %CIRCULAR NO. 1/2018 Crude Oil Tankers (Laden/Ballast) Departure origin port until: 30th June 2025 San Andres Island Port of Karachi Far East Asia 75% Asian ports starting from Karachi port and its eastern ports “Oil tankers” (Ballast or Laden with Crude Oil) operating between Latin America ports starting from Colombia (San Andres Island- Latitude 12° 34' 40'' N) and its southern ports and the following areas shall be granted rebates as follows: 75% Please see the official circular issued by the Suez Canal Authority at: https://www.suezcanal.gov.eg/English/Navigation/NavigationCirculars/Pages/PC1.2018_04-12-2024.aspx Sur Port 35% 25% 75% Port of Karachi Port of Cochin “Oil tankers” (Ballast or Laden with Crude Oil) operating between US Gulf ports (starting from Miami port and its western ports within the “US Gulf”), Caribbean area (Ports located North of San Andres Island- Latitude 12° 34' 40'' N) and the following areas shall be granted rebates as follows: 25% The Arabian GulfThe Arabian Gulf (ports withing the Arabian Gulf starting from Sur Port, Oman) 35% Ports West of Indian Subcontinent starting from Karachi until Cochin 75% Ports located East of Cochin port (including the Far East area)

Miami Far East Asia % CIRCULAR NO. 2/2023 Petroleum Products Tankers (Laden) Departure origin port until: 31st December 2025 San Andres Island Port of Karachi Far East Asia 75% Asian ports starting from Karachi port and its eastern ports Laden Petroleum Products }aners (tariff 2L) operating between Latin America ports starting from Colombia (San Andres Island- Latitude 12° 34' 40'' N) and its southern ports and the following areas shall be granted rebates as follows: 75% Please see the official circular issued by the Suez Canal Authority at: https://www.suezcanal.gov.eg/English/Navigation/NavigationCirculars/Pages/PC2.2023_04-12-2024.aspx Port of Karachi Port of Cochin Laden Petroleum Products }aners (tariff 2L) operating between ?S :ulf ports (starting from Tiami port and its western ports within the 5?S :ulf6) Caribbean area (Ports located North of San Andres Island- Latitude 12° 34' 40'' N) and the following areas shall be granted rebates as follows: ?0% ?est Coast of Indian ?5% Ports located 75% Port Klang and its Port Klang 65% 75% 30% subcontinent from Port of Karachi until Port of Cochin east of Cochin up to Port Klang eastern ports

North of Miami Port Ports East of Cochin Port Klang Far East Asia % CIRCULAR NO. 3/2023 Chemical Tankers (Laden/Ballast) Departure origin port until: 31st December 2025 25% Eastern ports to the Port of Cochin up to Port Klang 35% Port Klang and its eastern ports Chemical & Other Liquid Bulk Tankers (laden/ballast) operating between ports at the East Coast o? North merica (ports located at the North o? Tiami port) and the below areas at Andia and it8s eastern ports shall be granted the ?ollowing rebate percentages: Port Klang Far East Asia 75% Port Klang and its Eastern ports Chemical & Other Liquid Bulk Tankers (laden/ballast) operating between the 5?w :ul?6 (starting ?rom Tiami port and its western ports within the 5?w :ul?6 also ports located southern o? the 5?w :ul?6) and the below areas at Andia and its eastern ports shall be granted the ?ollowing rebate percentages: 25% Miami Port Please see the o??icial circular issued bY the wuez Canal uthoritY at: https://www.suezcanal.gov.eg/English/Navigation/NavigationCirculars/Pages/PC3.2023_04-12-2024.aspx 25% 35% 55% 75% 25% West Coast of Indian Subcontinent (From Port of Karachi until Port of Cochin) 55% Port located East of Cochin port up to Port Klang Port of Karachi Port of Cochin

North of Miami Port Ports East of Cochin Port Klang Far East Asia %CIRCULAR NO. 4/2020 LPG Carriers (Laden/Ballast) Departure origin port until: 31st December 2025 25% Eastern ports to the port of Cochin up to Port Klang 35% Port Klang and its eastern ports Liquefied Petroleum Gas (LPG) carriers (laden/ballast) operating between ports at the East Coast of North America (ports located at the North of Miami port) and the below areas at India and it’s eastern ports; shall be granted the following rebate percentages: Port Klang Far East Asia 25% Ports West of India & Maldives Islands until port of Cochin 55% Eastern ports to the port of Cochin up to Port Klang 75% Port Klang and its Eastern ports Liquefied Petroleum Gas (LPG) carriers (laden/ballast) operating between the “US Gulf” (starting from Miami port and its western ports within the “US Gulf” also ports located southern of the “US Gulf”) and the below areas at India and its eastern ports; shall be granted the following rebate percentages: 25% Miami Port Please see the official circular issued by the Suez Canal Authority at: https://www.suezcanal.gov.eg/English/Navigation/NavigationCirculars/Pages/PC4.2020_04-12-2024.aspx 25% 35% 55% 75% Port of Cochi n West of India & Maldives

North of Miami Port Far East Asia % CIRCULAR NO. ?/201? LNG Carriers (Laden/Ballast) Departure origin port until: 31st December 2025 10% West of Indian Sub- continent from Karachi until Cochin port 35% Port Klang and its eastern ports Liquefied Natural Gas (LN G) carriers (laden/ballast) operating between ports at the East Coast of North America (ports located at the North of Miami port) and the below areas at India and it’s eastern ports; shall be granted the following rebate percentages: Port Klang Far East Asia 60% Eastern ports to the Port of Cochin up to Port Klang 75% Port Klang and its Eastern ports Liquefied Natural Gas (LN G) carriers (laden/ballast) operating between the “US Gulf” (starting from Miami port and its western ports within the “US Gulf” also ports located southern of the “US Gulf”) and the below areas at Asia; shall be granted the following rebate percentages: 30% Miami Port Please see the official circular issued by the Suez Canal Authority at: https://www.suezcanal.gov.eg/English/Navigation/NavigationCirculars/Pages/PC7.2017_04-12-2024.aspx 10% 60% 75% Port of Cochi n 35% Port of Karachi Port of Cochin 10% Sur Port 30% The “Arabian Gulf” (ports within the Arabian Gulf starting from Sur port and west of India until port of Cochin)

Norfolk port Port Klang Far East Asia %CIRCULAR NO. 2/2016 Containerships (Laden/Ballast) Departure origin port until: 31st December 2025 40% Laden or ballast “Containerships” coming from “Port of Norfolk” and its northern ports and heading to the following areas shall be granted rebates as follows: Colombo Port Port Klang Far East Asia South of the Port of Norfolk 50% Port of Colombo and its eastern ports up to “Port Klang” 60% Port Klang and its eastern ports Laden or ballast “Containerships” coming from ports at the south of “Port of Norfolk” and heading to the following areas shall be granted rebates as follows: Please see the official circular issued by the Suez Canal Authority at: https://www.suezcanal.gov.eg/English/Navigation/NavigationCirculars/Pages/PC2.2016_04-12-2024.aspx 40% 50% 60% Port Klang and its eastern ports

Norfolk port Port Klang Far East Asia % CIRCULAR NO. 10/2023 Vehicle Carriers (Laden/Ballast) Departure origin port until: 31st December 2025 40% Laden or ballast “Vehicle Carriers” operating directly between “Port of Norfolk” and its northern ports and heading to the following areas shall be granted rebates as follows: Port Klang Far East Asia South of the Port of Norfolk Laden or ballast “Vehicle Carriers”operating directly between ports at the south of “Port of Norfolk” and heading to the following areas shall be granted rebates as follows: Please see the official circular issued by the Suez Canal Authority at: https://www.suezcanal.gov.eg/English/Navigation/NavigationCirculars/Pages/PC10.2023_04-12-2024.aspx 40% Port Klang and its eastern ports 55% 55% Port Klang and its eastern Ports

Norfolk port Port Klang Far East Asia % CIRCULAR NO. 10/2023 Vehicle Carriers (Laden/Ballast) Departure origin port until: 31st December 2025 40% Laden or ballast “Vehicle Carriers” operating directly between “Port of Norfolk” and its northern ports and heading to the following areas shall be granted rebates as follows: Port Klang Far East Asia South of the Port of Norfolk Laden or ballast “Vehicle Carriers”operating directly between ports at the south of “Port of Norfolk” and heading to the following areas shall be granted rebates as follows: Please see the official circular issued by the Suez Canal Authority at: https://www.suezcanal.gov.eg/English/Navigation/NavigationCirculars/Pages/PC10.2023_04-12-2024.aspx 40% Port Klang and its eastern ports 55% 55% Port Klang and its eastern Ports

Norfolk port Port Klang Far East Asia % CIRCULAR NO. 10/2023 Vehicle Carriers (Laden/Ballast) Departure origin port until: 31st December 2025 40% Laden or ballast “Vehicle Carriers” operating directly between “Port of Norfolk” and its northern ports and heading to the following areas shall be granted rebates as follows: Port Klang Far East Asia South of the Port of Norfolk Laden or ballast “Vehicle Carriers”operating directly between ports at the south of “Port of Norfolk” and heading to the following areas shall be granted rebates as follows: Please see the official circular issued by the Suez Canal Authority at: https://www.suezcanal.gov.eg/English/Navigation/NavigationCirculars/Pages/PC10.2023_04-12-2024.aspx 40% Port Klang and its eastern ports 55% 55% Port Klang and its eastern Ports

Norfolk port Port Klang Far East Asia % CIRCULAR NO. 10/2023 Vehicle Carriers (Laden/Ballast) Departure origin port until: 31st December 2025 40% Laden or ballast “Vehicle Carriers” operating directly between “Port of Norfolk” and its northern ports and heading to the following areas shall be granted rebates as follows: Port Klang Far East Asia South of the Port of Norfolk Laden or ballast “Vehicle Carriers”operating directly between ports at the south of “Port of Norfolk” and heading to the following areas shall be granted rebates as follows: Please see the official circular issued by the Suez Canal Authority at: https://www.suezcanal.gov.eg/English/Navigation/NavigationCirculars/Pages/PC10.2023_04-12-2024.aspx 40% Port Klang and its eastern ports 55% 55% Port Klang and its eastern Ports

Norfolk port Port Klang Far East Asia % CIRCULAR NO. 10/2023 Vehicle Carriers (Laden/Ballast) Departure origin port until: 31st December 2025 40% Laden or ballast “Vehicle Carriers” operating directly between “Port of Norfolk” and its northern ports and heading to the following areas shall be granted rebates as follows: Port Klang Far East Asia South of the Port of Norfolk Laden or ballast “Vehicle Carriers”operating directly between ports at the south of “Port of Norfolk” and heading to the following areas shall be granted rebates as follows: Please see the official circular issued by the Suez Canal Authority at: https://www.suezcanal.gov.eg/English/Navigation/NavigationCirculars/Pages/PC10.2023_04-12-2024.aspx 40% Port Klang and its eastern ports 55% 55% Port Klang and its eastern Ports

Norfolk port Port Klang Far East Asia % CIRCULAR NO. 10/2023 Vehicle Carriers (Laden/Ballast) Departure origin port until: 31st December 2025 40% Laden or ballast “Vehicle Carriers” operating directly between “Port of Norfolk” and its northern ports and heading to the following areas shall be granted rebates as follows: Port Klang Far East Asia South of the Port of Norfolk Laden or ballast “Vehicle Carriers”operating directly between ports at the south of “Port of Norfolk” and heading to the following areas shall be granted rebates as follows: Please see the official circular issued by the Suez Canal Authority at: https://www.suezcanal.gov.eg/English/Navigation/NavigationCirculars/Pages/PC10.2023_04-12-2024.aspx 40% Port Klang and its eastern ports 55% 55% Port Klang and its eastern Ports

Norfolk port Port Klang Far East Asia % CIRCULAR NO. 10/2023 Vehicle Carriers (Laden/Ballast) Departure origin port until: 31st December 2025 40% Laden or ballast “Vehicle Carriers” operating directly between “Port of Norfolk” and its northern ports and heading to the following areas shall be granted rebates as follows: Port Klang Far East Asia South of the Port of Norfolk Laden or ballast “Vehicle Carriers”operating directly between ports at the south of “Port of Norfolk” and heading to the following areas shall be granted rebates as follows: Please see the official circular issued by the Suez Canal Authority at: https://www.suezcanal.gov.eg/English/Navigation/NavigationCirculars/Pages/PC10.2023_04-12-2024.aspx 40% Port Klang and its eastern ports 55% 55% Port Klang and its eastern Ports