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This is to notify you that Force Majeure events commenced at ports
on the U.S. West Coast on or about September 29, 2002 and are ongoing.
These Force Majeure events consist of labor disputes that have effectively
shut down the U.S. West Coast ports. They are entirely beyond Hatsu
Marine Limited's control. Hatsu Marine Limited is now unable to move
or deliver cargo through these ports or to perform any contract obligations
which are in any way dependent on its ability to do so.
While the Force Majeure condition is temporary, we have no way of
knowing now when it will end. Please note that this is a notification
of Force Majeure, it is not an attempt to terminate any agreements.
If you have any questions, please do not hesitate to contact us.
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