1. Method of calculation for transit fees and other charges:

1.2 Whenever the Port of Departure and the Port of Destination are not declared, the fees of Category “B" apply.

1.3 In case the official documents of the Vessel are not provided to the Company’s authorized employee for the calculation of fees, then the provisions of Article 15 of the Navigation & Tonnage Regulation of the Corinth Canal Company apply.

1.4 In case war ships do not provide their Net Tonnage documents, the transit fees calculation will be based on their Full Load capacity.

1.5 The calculation basis for submarines is their Full Load capacity (Surface Standard).

1.6 The calculation for the transit fees of Tugboats and Salvage Tugs will be 70% of their Gross Tonnage.

1.7 For all vessels that an International Tonnage Certificate has not been issued and their fees cannot be otherwise calculated, the Customer should contact the Company to determine the transit fees.

1.8 Surcharges and reduction on fees apply to all categories unless it is otherwise stated.

2. Warships and Passenger Liners have priority over other vessels as long as the difference between their arrival times does not exceed 30 minutes.

3. Vessels should have their pilot ladder ready for the safe embarkation and disembarkation of pilots. Appropriate ropes for the Tugboats should also be ready; otherwise the vessel might lose its priority in transiting the Canal at the Company’s discretion.

4. Charges for other services, which might be provided by the Company but are not defined in the present document, are defined and paid after a special agreement with the Company.

5. For the use of two (2) Tugboats during towage, double fees will be applied.

6. In case there is more than one Pilot used, the fees are charged according to the number of pilots.

7. For vessels with Net Tonnage 0-100 NT, towage can be provided by the Company’s Pilot boats.

8. Towage is mandatory for boats without engines.

9. Greek Navy Ships are exempt from transit fees according to the provisions of Article 8, paragraph 2 of Law 1067/80.

10. In case the Master of the Vessel declares false statements concerning Net Tonnage, Total Length, and Ports of Departure and Destination, or whenever a Vessel sails away without paying the transit fees, apart from the non-collected fees, these Vessels will also be charged with a fine equal to 100% of the corresponding fees and the relevant Authorities will be notified.

11. Fees can also be paid at the Canal offices. Information on payment arrangements is provided by the authorized employees of the Company on VHF channel 11 or by phone.

12. V.A.T. is not included in the prices. Vessels that do not present all the necessary legal documents and prerequisites for V.A.T. exemption, will be charged with the equivalent factor according to the legislative statute in force – ministerial decree of Ministry of National Economy & Finance.

ADDITIONAL FEES - SURCHARGES

1. In all categories a 30% surcharge applies on transit fees for transits performed by of not-under-command Vessels.

2. In all categories a 20% surcharge applies on transit fees for transits performed by Vessels with an inclination of more than three (3) degrees.

3. For night transits in all categories a 25% surcharge applies on towage and pilotage fees. As night transits are considered all transits between 18:00 and 06:00 for the period from October 1st to April 30th and between 20:00 and 06:00 for the period from May 1st to September 30th. The transit time is defined by Vessel’s arrival time at 2 nautical miles towards the East or West Canal Entrance (the case where the Master decides to anchor and wait beyond the Canal area following the Vessel’s arrival at the Canal is excluded).

4. Sundays & Holidays: A 30% surcharge is applied on all categories for towage and pilotage fees for transits performed on Sundays and Holidays.

NOTES

1. Subject to the Company’s discretion, the last port of call is considered as the Port of Departure and the first port to be approached for loading, unloading or any other commercial activity is considered as the Port of Destination.

2. Subject to Category "A" are the cargo Vessels under the Greek flag only, that are not subject to categories "D", "E", "SE", and "ST".

3. Vessels are subject to Category "A" when, before crossing the Corinth Canal the two (2) precedent and afterwards the two (2) following ports are/were in Greece. Otherwise, the transit fees for Vessels under a foreign flag apply.

4. Subject to Category "B" are cargo vessels only, that are not subject to categories "D", "E", "SE", and "ST".

5. Subject to Category "C" are cargo vessels only, that are not subject to categories "D", "E", "SE", and "ST".

6. In case the Port of Departure or/and the Port of Destination are not mentioned in these tables, or the Vessel’s category is not hereby specified, the Owner, the Master or the Vessel’s Agent should make a relevant request to the Company for the calculation of transit fees at least 24 hours before transiting.

7. Categories "A", "B", and "C" apply only to cargo Vessels carrying goods and/or vehicles, fishing boats, tugboats, warships, special purpose Vessels and not to passenger, cruise Vessels, destined for the transportation and touring of passengers, for which only the fees of Category "SE" apply.