Attachment:

GA EXECOM agreement to charter DUBLIN EXPRESS to ZIM

Integrated Shipping Services Ltd., Haifa (ZIM).

It is hereby agreed between:-

Hapag-Lloyd Aktiengesellschaft (HL)
Nippon Yusen Kaisha
Orient Overseas Container Line Ltd
MISC Berhad

(Hereinafter referred to as the Grand Alliance Lines)

That:-

1. From around 10th MARCH, 2008 “DUBLIN EXPRESS”, (the

“Vessel”) will be chartered to ZIM by GA Lines to be used
as Vessel provision of ZIM to the ATX co-operation with the
GA for a period of about eight months.

2. The Vessel will be made available to ZIM at Rotterdam,

being the mid-point between discharge and loading
operation.

3. ZIM intends to re-deliver the Vessel to GA Lines at a

European port of the ATX pro-forma schedule to be mutually
agreed on or about 8th November 2008 (+/- 7 days), but not
later than 15th November 2008. ZIM will give 15/10/7/3/2/1
days notice regarding intended redelivery date.

4. Grand Alliance Lines shall be responsible for any

delays of delivery to Charterer unless there is a default
case as stipulated in the Grand Alliance off-hire/non-
performance rules set out in Clause 9 of the Grand Alliance
Operating Agreement (Draft 2 – November 7th, 2007). If there
is such default case and the Vessel becomes out of service,
HL’s responsibility is limited to not receiving slot
remuneration from Grand Alliance Lines as mentioned in
clause 5 below for the period the Vessel is out of service

5. During the period when the Vessel is chartered to ZIM,

HL will continue to receive allowances under the Slot
Provision Settlement pursuant to clause 19.5 of the Grand
Alliance Operating Agreement (Draft 2 – November 7th, 2007).
The Vessel will not participate in the Voyage Cost
Settlement under clause 19.6 during the period chartered to
ZIM. The Vessel remains a committed GA Fleet Vessel and
shall remain included in the Virtual Ship calculations.

6. The hire agreed between GA and ZIM is US$ 31,000 per day
or pro-rata per day for the Vessel. The same amount is to
be settled in the Grand Alliance monthly financial
settlement.

7. The Grand Alliance Lines will share the Slot Provision

Settlement, the daily hire charge, and other joint costs
related to this charter. It is agreed that the sharing key
will be based on the Global Allocation Share (GAS).

8. GA members will compensate HL for those additional

costs (if any) incurred for the purpose of preparing the
Vessel to be able to perform and maintain this charter.
Such costs are subject to GA agreement on the produced
evidence and subject to actual invoices.

9. During the period whilst the Vessel is out of service

with the Grand Alliance the off-hire/non-performance rules
set out in the Grand Alliance Operating Agreement (Draft 2 –
November 7th, 2007) shall be suspended, subject to:
In the event that ZIM places the Vessel off-hire during its
employment whilst out of Grand Alliance service, then the
Slot Provision Settlement and the daily hire charge for the
Vessel shall be suspended for the off-hire period.

10. For the avoidance of doubt, the above agreements

constitute the understanding of the GA EXECOM regarding the
Vessel in implementing a charter arrangement to ZIM. In
order to specify the rights and liabilities between the
Charterer and the Owner, a separate charter party shall be
agreed between ZIM as Charterer and HL as Owner based upon
HL executed pro-forma C/P.

11. An administration fee of US$50 per day will be paid to

HL for the chartering of the Vessel.

Hong Kong, 6th March, 2008.