September 21st,
2007
Customer
Notification
Currency
Adjustment Factor (CAF) - UPDATE
Dear
Valued Customer,
Due to a recent announcement by the CIFFA NVO Working Group
announcing a recent review of the CAF process, the previously announced CAF of
27% to take effect October 1, 2007, has been adjusted to a level
of 21%.
Pleased be advised that with all sailings on or after
October 1st, 2007, the CAF will increase from the current level of
18% to 21% to all destinations.
To ensure that the CAF surcharge is set to reflect current
market levels - the CAF will be reviewed on a monthly basis. The next
adjustment will be November 1st, 2007.
Source: http://www.bankofcanada.ca/en/rates
We appreciate your continued support and trust you
understand the need for this adjustment.
Please feel free to contact us should you have any
questions.
Regards,
NVO CONSOLIDATORS CANADA LTD
