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| FAR EAST/EAST AFRICA FREIGHT CONFERENCE |
| PCC BUNKER ADJUSTMENT FACTOR (PCCBAF) |
It is noted that the current PCC BAF of minus US$4.40/RT will remain unchanged with effect from vessels arriving at individual ports of loading in Japan on and after August 1, 2010. |
| Tokyo, July 20, 2010 | Secretary. |
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