We are respectfully endorsing herewith the proposal of LFPC management to adjust the rate of unloading and berthing fees effective April 1, 2006.

                                                                         

GRT		From	To
Unloading Fee		Php 3.00	Php 4.00
Berthing Fee (/day)
	50.01-100	35.00	48.00
	100.01-above	43.00	00.55 x GRT

Adopted: 15 March 2006

(SGD.) PETRONILO B. BUENDIA