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| JAPAN / WEST AFRICA (NIGERIA/SENEGAL RANGE) FREIGHT CONFERENCE |
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| BUNKER ADJUSTMENT FACTOR |
| It is noted that the present Bunker Adjustment Factor of 30.80% for shipments by vessels other than PCC will be adjusted to 33.30% with effect from vessels arriving at individual ports of loading in Japan on and after June 1, 2010. |
| Tokyo, May 12, 2010 | Secretary |
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