• 27th FFSI Worldwide Conference to be held in Vancouver, Canada 2

• Top Gun sales program in full swing 2

• Members News 4

• Contract Forwarding celebrates 25 years 6

• FFSI Code of Ethics 8

• New staff at NSO 5

Inside this issue:

January 31, 2008 Volume 3 Issue 1 (Quarterly Issue covers January — March 2008 )

F E T A F R E I G H T S Y S T E M S I N T E R N A T I O N A L

FFSI e-News

7TH FFSI WORLDWIDE S7TH FFSI WORLDWIDE SALES & MARKETING MEETING HELD IN ALES & MARKETING MEETING HELD IN QINGDAO, CHINAQINGDAO, CHINA–– LARG LARGEST ATTENDANCE OF 11EST ATTENDANCE OF 111 PARTICIPANTS1 PARTICIPANTS

THE 7TH FFSI GLOBAL SALES & MARKETING MEETING was held recently at the Crowne Plaza Qingdao Hotel in Qingdao, China on Octo-ber 10-13, 2007 — The global meeting was hosted by FFSI member in Qingdao, China (QINGDAO—JC FAIRWAY INT’L LOGISTICS CO., LTD. headed by its most energetic Managing Director, MS. SOPHIE ZENG). The meeting was attended by 111 participants representing 46 countries, the biggest ever attendance of any FFSI Sales & Marketing Meeting. The delegates were treated to a city tour on the first day which ended up at the Tsingtao Bar of the Tsingtao Beer Manufacturing Museum where everyone had a taste of the freshest glass of Tsing-

tao beer direct from the Tsingtao manufacturing line. On the first day of the meeting proper, Ms. Sophie Zeng welcomed all the participants to Qingdao followed by the opening speech by FFSI Sales & Marketing Di-rector, Mr. Chris Waterson.

The recognition of Top Gun achievements for the year 2006-2007 was done through the presentation of Certificates of Achievements to those members who have achieved their committed targets. The highlight of the meeting was the launching of the 2nd year of the Top Gun Sales Program 2007-2008 where every attending company has to pledge written target sales productions for the covered period with the rest of the attending com-panies by way of signed Memorandums of Agreements (MOA’s). This activ-ity was done during the one-on-one workshop meetings between partici-pating companies held from October 11 to 13. During this period, the FFSI Board of Directors interviewed prospective applicants (who attended the meeting as observers) as well as new members.

The venue of the next 8th FFSI Sales & Marketing Meeting was announced to be in Hochiminh City in Vietnam on November 6, 7 & 8, 2008. Random photos from various activities are published on page 3 of this issue.

MS. SOPHIE ZENG Managing Director, Qingdao JC-

Fairway Int’l Logistics Co., Ltd.

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Volume 3 Issue 1 (Quarterly Issue covers January — March 2008 )

THE 27th ANNUAL FFSI WORLDWIDE CONFERENCE WILL THE 27th ANNUAL FFSI WORLDWIDE CONFERENCE WILL BE HELD APRIL 21BE HELD APRIL 21--23, 2008 IN VANCOUVER, CANADA 23, 2008 IN VANCOUVER, CANADA

The 27th Annual FFSI WORLDWIDE CONFERENCE will be held in Vancouver, Canada from April 21—23, 2008. It will be hosted by FFSI member in Canada FIF Freight Systems (Canada) Inc. in coordination and cooperation with Feta Freight Systems International. Mr. John Roza-Pereira, President of FIF Freight Systems (Canada) Inc., has been looking forward to this hosting since it was announced during the 25th FFSI Worldwide Conference in Rio de Janeiro, Brazil, March 2006.

With an expected membership of 95 by April representing at least 62 countries, and the drive to invite prospective applicants from the North, Central and South American Regions, it is almost certain that close to 150 participants from highly qualified and rigorously screened members will attend this conference. This will be the second time that an FFSI Conference will be held in the American Region (the first one being in Brazil in 2006) and first one ever in North America.

The city of Vancouver was elected Host City of the XXI Olympic Winter Games in 2010 from February 12-28, 2010. Construction has been completed on all three of the Whistler Olympic and Paralympic competition venues. It is expected that delegates to the 27th FFSI Worldwide Conference will have the opportunity to see some of the preparations for the event and Mr. John Roza-Pereira is keen on promot-ing the city’s Olympics hosting to all those who will be in Vancouver.

Registration for the Conference in Vancouver will be available on-line starting February 15th, 2008 at FFSI’s new and enhanced website at www.ffsintl.net .

JOHN ROZA-PEREIRA President

FIF Freight Systems (Canada) Inc.

TOP GUN AUGUST 2007 TOP GUN AUGUST 2007 -- JULY 2008 IN FULL SWING JULY 2008 IN FULL SWING Who will be the first Top Gun Awardee? The very first Top Gun Program was held for the period covering August 2006 to July 2007 and was launched during the 6th FFSI Global Sales & Marketing Meeting held in Goa, India in October 2006. Sales & Marketing Director Chris Waterson from Contract Forwarding, South Africa and also currently a Board Director of FFSI, spearheaded the launch of this program in order to lend serious challenge and deliberate attempts to increase business between FFSI Members. The Top Gun program encourages FFSI members to mutually sign Memorandums of Agreements (MOA’s) on target business growth commitments for both airfreight and seafreight covering imports and exports during the one-on-one workshop meetings held at FFSI Global Sales & Marketing Meetings.

The first Top Gun Program was participated in by 46 members and the top achievers were presented the Top Gun Achievement Certificates. 20 compa-nies received the awards but, nobody qualified for the single honor of being bestowed the title TOP GUN as no one was able to achieve all their targets. The second round of Top Gun for 2007-2008 will most probably bring out a winner because the rules have been slightly modified. The Top Gun title will go to the highest total volume increase obtained only from achieved MOA targets. There will be awards for the 3rd placed (bronze award) and the 2nd placed (silver award).

The submissions of MOA’s for this years’ Top Gun program came from 18 members as opposed to last year’s only 10. However, since we are not dif-ferentiating “initiating” companies from “participating” companies anymore, we can say that we have this year 47 participants vying for the Top Gun title. This is going to be a very interesting contest and the results of which will highlight the 8th FFSI Global Sales & Marketing Meeting which will be held in Hochiminh City, Vietnam from November 6—8, 2008. You have to be there to honor our first Top Gun awardee.

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Volume 3 Issue 1 (Quarterly Issue covers January — March 2008 )

RANDOM PHOTOS FROM THE 7TH FFSI GLOBAL SALES RANDOM PHOTOS FROM THE 7TH FFSI GLOBAL SALES AND MARKETING MEETING HELD IN QINGDAO, CHINAAND MARKETING MEETING HELD IN QINGDAO, CHINA

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Volume 3 Issue 1 (Quarterly Issue covers January — March 2008 )

MEMBERS NEWS ——————————————————————————— SRI-LANKA PERSHIP SYNERGY (PVT) LTD. ————————————————–——————————– OFFICIAL CLEARING & FORWARDING AGENT “DEYATA KIRULA” NATIONAL DEVELOPMENT EXHIBITION FEBRUARY 4th–10th, 2008

Pership Synergy (Pvt) Ltd, under the Pership Group, has been appointed as the Official Clearing & Forwarding Agent for ‘Deyata Kirula’ 2008. The ‘Deyata Kirula’ 2008 is an exposition

of Sri Lanka’s development and advances made in the field of tech-nology, communication, education, entertainment & other ancillary state development aspects that are harvested in global economies today. Pership is expected to clear all goods arriving as exhibits and also to make arrangements for re-shipment of the same as per the requirements of the exhibitors. Over 400 foreign exhibitors will be present showcasing information & products spanning industries related to health, education, hospitality, construction, apparel, agri-culture & irrigation, transportation, food & technology, etc. “As a matter of state pride and recognition, we are proud to be a part of this exposition, that will showcase Sri Lanka to the world as an emerging proposition for investment” – Mr. Krishan Madena, Execu-tive Vice President, Freight & UTI Pership, Pership Group.

———————————————————–———————– COSTA RICA MUDANZAS MUNDIALES, S.A. ————————————————–———————–——— AWARDED “BEST SERVICE COMPANY OF THE YEAR” The Costa Rican Chamber of Commerce has awarded Grupo Mu-danzas Mundiales as the “BEST SERVICE COMPANY OF THE YEAR”.

“We want to share this success with our commercial partners, since without your help it would not be possible to receive this kind of recognition. Thank you!!!”.

On behalf of all in FFSI, we con-gratulate Grupo Mudanzas Mun-diales for being awarded by the Costa Rican Chamber of Com-merce the Best Service Company of the Year. FFSI is proud to have MM in our network.

——————————————————————————— UNITED ARAB EMIRATES SWIFT FREIGHT INTERNATIONAL ————————————————–——————————–

Logical Solutions, Not Just Logistics

Sea Air Model (SAM), Swift’s sea-air combined transport product serving Africa via Dubai, achieved a high performance record of 100% during the month of March 2007. SAM shipments travel by sea from the Far east to Dubai, where Swift promptly transfers them to Dubai International Airport. Ethiopian Airlines is the contracting carrier for freight that is airlifted from Dubai, and Swift uses their extensive network to reach multiple African destinations.

“This is a new era of operation for Ethiopian Airlines, and as entre-preneurs on the African continent we have been committed to make a success of SAM,” said Mr. Tewolde Gebremariam, Chief Operat-ing Officer of Ethiopian Airlines. “This year will be of great signifi-cance, as the network of Ethiopian Airlines continues to grow.”

SAM is a cost effective alternative for shipments to Africa, offering competitive rates, fixed schedules, and reliable carriers. Since the launch of this product in August 2006, the SAM service has moved over 500 shipments.

“It has been a challenge to get this level of performance, but we are glad we have done it together,” said Mr. Vincent Brank, Executive Director of Swift Group.

This year, Swift plans to add more origins and destinations for the SAM service, now that the product has received wide recognition from African importers.

SEA AIR MODEL (SAM)

——————————————————————————— UNITED KINGDOM WILGO FREIGHT SERVICES LTD. ————————————————–——————————– EUROPEAN AIRFREIGHT—STILL A GROWTH MARKET

WILGO Freight Services London (Heathrow) Airport branch has been bucking the trend when it comes to Euro-pean Airfreight shipments. Although the

majority of European forwarders have experienced traffic moving from Airfreight to either Road or Courier services WILGO Heathrow have still continued to maintain and even expand on certain markets within Europe.

“We at WILGO Heathrow handle some very busy European ac-counts in conjunction with some of our fellow FFSI European members. In fact it is one of the biggest growth areas within the Export Air-freight Department” said Simon Curtis, WILGO’s London Heathrow Export Manager. “The biggest two areas are UK to Milan, Italy and Oporto, Portugal where we handle many shipments every week to both destinations. We work hand in hand with our FFSI partners Rangel (Portugal) & Florence Shipping (Italy) to provide an excellent Express service level. The European Market has always been com-petitive but now is even more so with the involvement of the Multi-National Logistic companies hitting the market hard. However with careful planning and the network service levels FFSI can provide WILGO has found they can match or even surpass these bigger com-petitors for both service level and cost.

“There will always be a place for Roadfreight and Courier move-ments within Europe” said Simon, ”However we at WILGO have found there is a gap in the market that requires a faster transit time than road but without the additional costs that larger courier move-ments can incur. With the good service level that we together with our European FFSI partners can provide I am confident that we will enjoy further expansion within this area of our business.”

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Volume 3 Issue 1 (Quarterly Issue covers January — March 2008 )

——————————————————————————— PAKISTAN EXCEL FREIGHT SYSTEMS (PVT) LTD. ————————————————————–————–—— RELOCATION OF KARACHI BRANCH

Excel Freight Systems Karachi Branch has shifted to New Office located at 1 / 4 A, Block VI, PECHS, Karachi, Pakistan. This new office enables expansion and strengthens Karachi

operations. This will help in having focus on aggressive Sales and marketing activities and will generate more work for all the FFSI partners.

——————————————————————–———––— U.S.A. — LOS ANGELES AIR-SEA FORWARDERS, INC. —————————————————————–————–—– U.S.A. FREIGHT FORWARDING NEWS ON CARGO SECURITY and Related Issues Effective this month, January 2008, AIR-SEA FORWARDERS Inc will run information on their Website (www.airseainc.com) regarding develop-ments and changes of INTERNATIONAL CARGO SECURITY, and re-lated subjects, for the information and knowledge of their FFSI col-leagues and Members. There you will find updated information on US Security regulations, changes, updates and other Transportation indus-try news. The news site can be accessed at: http://www.airseainc.com/company/news.asp The following news can be seen on the current page: • 03 Jan 08: Customs issues Proposed rule requiring additional cargo

information. Requires Importers and Carriers to electronically sub-mit additional info on cargo before it is brought into the USA by vessel.

• 21 Feb 07: Port of Los Angeles Harbor Commission approved “Clean Trucks” Fee of USD35.00 per TEU for Containers leaving the Port of L.A., same as already in effect at the Port of Long Beach.

• 20 Dec 07: Port of Long Beach Container Tax of USD 35.00 per TEU is imposed on containers leaving the Port of Long Beach

All FFSI members who are doing business with the USA are welcome to read their WEBSITE for similar news and announcements, some of which will definitely apply to traffics entering or leaving the USA.

MEMBERS NEWS ——————————————————————————— TOP PERFORMING MEMBERS FETA FREIGHT SYSTEMS INTERNATIONAL ——————————————————————————— MARINE-LAND-AIR TRANSPORTATION CO., LTD. Parent company of FETA FREIGHT SYSTEMS (TAIWAN) LTD. is ranked No. 4 in IATA Top 10 with the IATA Sales of US$51.30 million. Congratulations and more power!!!

EUROPE’S TOP IATA FORWARDERS

(AIR CARGO NEWS, AUGUST 24, 2007 ISSUE REPORTED THAT EUROPE’S TOP IATA FORWARDERS IN YEAR 2006 INCLUDES THE FOLLOWING FFSI MEMBERS. FFSI SHARES THE PRIDE OF THE FOL-LOWING IN THEIR RECOGNIZED RANKINGS:

BELARUS M&M MILITZER & MUNCH RANKED NO. 2

BULGARIA M&M AIR CARGO SERVICE BG RANKED NO. 1

POLAND M&M AIR CARGO SERVICE POLSKA S.A. RANKED NO. 7

SWITZERLAND LAMPRECHT TRANSPORT LTD. RANKED NO. 6

UKRAINE M&M MILITZER & MUNCH UKRAINE GMBH RANKED NO. 2

ADDITIONAL STAFF AT FFSI NETWORK SERVICES OFFICE EXPECTED TO IMPROVE DELIVERY OF MEMBERS SERVICES

JOY MORTEL has re-joined NSO from January 1, 2008 as previously announced. She will take over the tasks of monitoring the Accounts Receivables reports, surveys, Performance Appraisal reports, Member-ship database, Applicants database, Com-pany Information manuals, and routine communications with FFSI members. She is based in Manila assisting COO Dan Ange-les in other NSO functions as well. JOY MORTEL

jmortel@ffsintl.net MIKE GARCIA will be joining NSO from February 1, 2008 as Network System Ad-ministrator in-charge of developing I.T. systems that will simplify and enhance the delivery of network services through an interactive FFSI web site. His vast experi-ence in website and database systems de-velopment will be an important asset for the achievement of his objectives. He de-veloped the On-Line Monthly Accounts Re-ceivables Report System (OMARS) which most of you must have tested already. Other in-house developed systems will be rolled out in the weeks to come.

MIKE GARCIA mgarcia@ffsintl.net

Excel Freight Systems Karachi Team

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On Behalf of the Board of Directors and all in FLYNT GROUP, we express our warmest congratulations to

CONTRACT FORWARDING, S. Africa on the occasion of 25th year Anniversary on 21 February 2008.

CONTRACT FORWARDING has been in business partnership with FLYNT since 1984

and is one of the most potential and valued partners. LONG LIVE OUR COOPERATION !

Volume 3 Issue 1 (Quarterly Issue covers January — March 2008 )

MESSAGE FROM MR. CHRIS WATERSON, Managing Director :

It is with much pride that Contract Forwarding is able to advise our friends and partners in FFSI that we celebrate 25 years in business in 2008. From humble beginnings with just 4 staff in a small office in Johannesburg in 1983, we have grown over the years to a company reaching 100 employees and with offices in the 3 major centres of Cape Town, Durban and Johannesburg. Today we are a subsidiary of the Mvelaphanda Group which is South Africa’s largest black owned and managed Group listed on the local Stock Exchange, and which employs over 40,000 people in various industries.

Our success over the years is in no small part due to the outstanding support of our overseas partners and, although it is always difficult to single out any specific players, we would be remiss in not mention-ing our 24 year partnership with Flynt in Hong Kong, and an almost as long a partnership with VCK in the Netherlands. We are hon-oured that Francis Ng (and others from FFSI) will join us at our cele-bratory dinner for clients in Johannesburg to be held on 21st Febru-ary 2008.

To everyone at FFSI our thanks for your support and professional service over the years and we look forward to working with you for many years to come. We hope we will add to your success as well, and also to the success and continued growth of our wonderful Asso-ciation, FFSI.

CONTRACT FORWARDING CELEBRATES 25 YEARS : 1983 - 2008

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Volume 3 Issue 1 (Quarterly Issue covers January — March 2008 )

CONGRATULATIONS TO

CONTRACT FORWARDINGCONTRACT FORWARDINGCONTRACT FORWARDING

ON THE OCCASION OF ITS 25 YEARS ANNIVER-SARY CELEBRATION THIS YEAR OF 2008 AND SIN-CERELY WISH THEM MORE SUCCESSES IN THE NEXT 25 YEARS TO COME. FROM THE MANAGEMENT & STAFF OF CJ GLS (S) AIRFREIGHT PTE. LTD.

VCK LOGISTICS congratulates CONTRACT FORWARDING with their 25th anniversary. We are looking forward to the next 25 years in partnership.

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CORPORATE HEADQUARTERS—HONG KONG Address : Newport Centre, Phase 2, Flat 1-3 3/F., 116 Ma Tau Kok Road Tokwawan, Kowloon, Hong Kong Telephone : (852) 26276000 Fax : (852) 27640664 Contact : Francis Ng, Managing Director (Mobile: (852) 9482 4625) E-mail : francisng@flynt.com.hk ffs@netvigator.com Contact : Ada Lai, Secretary General (E-mail: ada@flynt.com.hk) Polly Chan, Co-ordinator (E-mail: polly@flynt.com.hk) NETWORK SERVICES OFFICE—PHILIPPINES Address : Gedcor Square, Suite 6, Irasan Street Corner Ninoy Aquino Avenue Parañaque City, Philippines 1700 Telephone : (63) 2 8206355 Fax : (63) 2 8292752 Contact : Dan Angeles, Chief Operating Officer (Mobile: (63) 920-9082404) E-mail : dangeles@ffsintl.net, dangeles@ffsi.info

We’re on the web: http://ffsi.info

FETA FREIGHT SYSTEMS INTERNATIONAL (FFSI ) is a global network of freight for-warding companies rendering the full spectrum of transport services including multi-modal, logistics and other specialised cargo handling related activities. FETA was organised in 1982 by a group of Far East Asia-based freight forwarders with the objective of seeking reliable, aggressive and locally managed companies to form a strong strategic global network of alliances. In 1989, a core of FETA members incorporated FETA FREIGHT SYSTEMS INTERNATIONAL LTD. Its objective is to form strong strategic alliances with prospective parties in potential countries trading under a unique name called FETA FREIGHT SYSTEMS. They will cater to the challenges of a globalising industry by offering the highest level of interna-tional freight forwarding and logistics services to the customers. Any qualified forwarder who wants to develop and expand their network can be part of FETA FREIGHT SYSTEMS INTERNATIONAL

F E T A F R E I G H T S Y S T E M S I N T E R N A T I O N A L

“FFSI - LOCAL KNOWLEDGE, GLOBAL COVERAGE” Volume 3 Issue 1

FFSI CODE OF ETHICS

1. MAINTAIN HONESTY, INTEGRITY AND CONSISTENCY.

2. COMPLETE TASKS AND OBJECTIVES ON TIME AND KEEP TO YOUR PROMISES .

3. REACH DECISIONS AFTER EFFECTIVE OPEN COMMUNICATION, LISTENING & CONSULTATION.

4. UNDERSTAND, TOLERATE AND RESPECT CULTURAL, RELIGIOUS AND OTHER DIFFERENCES.

5. ADD VALUE TO ALL YOUR PARTNERS.

6. PROMOTE A STRONG TEAM SPIRIT.

7. LEARN FROM MISTAKES.

8. BE INNOVATIVE AND CREATIVE; TAKE THE INITIATIVE.

9. LEAD BY EXAMPLE; COACH, DEVELOP AND EMPOWER YOUR TEAM.

10.CELEBRATE SUCCESS.