Issue 343, April 24, 2002
As you are aware, fuel surcharges have been applied to all export, import and domestic air shipments as of April 15, 2002. Despite having to pass these surcharges on to you in the short term**, we have maintained our ongoing commitment to actively pursue this matter with our airline partners so that ultimately, a proper resolution regarding the application of the FSC is found.

We know that complete resolution on the matter may take some time. Earlier this month, we began the process by filing a formal petition with our airline partners denouncing the static FSC charges they typically apply. After much research, we offered the airlines a counter proposal that we feel is fair and equitable for all parties involved (the shipper, the air carrier and the forwarder). We believe our counter proposal is a good solution because it is based on actual spot market pricing:

U.S. CENTS/GALLON	% OF NET PER KILO FREIGHT COST (EXCLUDING ACCESSORIAL CHARGES)
70.00 and lower	0.00
71.00 - 75.00	1.00
76.00 - 80.00	2.00
81.00 - 85.00	3.00
86.00 - 90.00	4.00
91.00 - 95.00	5.00
96.00 - 100.00	6.00

This pricing, in U.S. currency, is based on the U.S. Gulf Coast Jet Fuel Spot Price per gallon, published by the Department of Energy on the first Monday of each month, and will determine the percentage of net charges to be used for the month. While we used the U.S. Gulf Coast spot market in our counter proposal, we have indicated to the airlines that we are open to utilizing the market pricing of New York Harbor, Los Angeles, Rotterdam (ARA), Singapore or NW Europe.

Our proposal is still under review by many of the airlines and we expect to begin more formal discussions with them shortly. As always, we will continue to keep you abreast of new developments as we pursue this important issue. Thank you for your patience and cooperation.

Sincerely,

Brian Lindholm
Executive V.P. & C.O.O. North America
Danzas AEI Intercontinental

** See letter dated April 5, 2002, posted on our website under "The Danzas AEI Resource".

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Please note that due to the complex nature of the subject matter, DHL Danzas Air & Ocean cannot be responsible for actions taken by the reader in reliance on the information contained herein without prior consultation with DHL Danzas Air & Ocean.