Effective	05MAR1999
Filed	03FEB1999
Filing Codes	I

Applies on freight and charges prepaid in the United
States, its possessions and territories only.

Carrier may extend credit to a shipper designated on the
Bill of Lading for freight and charges to be paid at
origin.

Carrier reserves the right to suspend the privilege of
credit for any delinquent account, thereby placing such
account on a cash basis.

1. Credit period

   The credit period is twenty-one (21) days, Saturdays,
   Sundays and Holidays, inclusive, after the date of
   sailing from the respective port of loading by the
   carrying vessel.

2. Credit period for government and relief agencies.

   The period of credit which may be extended pursuant
   to this rule shall not restrict regular procedures of
   payment on shipments made by:

   a. any government or agency thereof shown as shipper
      or consignee on the Bill of Lading, or

   b. voluntary relief agencies as defined in Rule 2-180
      and shown as shipper or consignee on the Bill of
      Lading.

   It is the responsibility of the carrier to take prompt
   measures to collect freight moneys and/or charges unpaid
   after the period specified in this rule.

3. Shipper's credit agreement

   The carrier requires a duly executed shipper's credit
   agreement (see sample following) to extend the credit
   provisions of this tariff rule.

4. SAMPLE CREDIT AGREEMENT

Whereas, ________________________________________________
         ("shipper") is or may be the shipper of goods
shipped under bill(s) of lading Nippon Yusen Kaisha ("NYK")
pursuant to Bills of Lading which recite that freight and
other charges are "prepaid" or "to be prepaid", and shipper
is therefore responsible for the payment to NYK of freight
and other charges thereon; and

WHEREAS, shipper wishes NYK to issue and release to shipper
such Bill(s) of Lading before NYK has been paid freight and
other charges due and therefore requires that NYK extend
credit to shipper, and NYK agrees to extend such credit
pursuant to the terms hereof;

NOW, THEREFORE, In consideration of granting credit shipper
and NYK agree as follows:

1) NYK shall issue and release to shipper prior to actual
   payment to NYK of freight and other charges on cargo
   received for transportation by NYK Bill(s) of Lading
   with respect thereto which Bill(s) of Lading recite
   that freight has been prepaid or is to be prepaid, and
   shipper shall give NYK a written receipt for such
   Bill(s) of Lading at the time they are so issued and
   released in such form as NYK may require.  Any
   irregularity in the receipt or in its execution or any
   failure to obtain such receipt shall not affect, in any
   manner, shipper's obligations to pay all such freight
   and other charges within the time limit set forth
   herein.  Authorized agents of shipper may on shipper's
   behalf, receive such Bill(s) of Lading and sign and
   deliver receipts therefor.

2) Shipper shall effect payment to NYK of all freight and
   other charges due NYK for such shipment upon the
   earlier of:

   (a) expiration of 21 (twenty-one) calendar days after
       the date of sailing of an NYK carrying vessel from
       the port of loading or such different period as may
       be specified in the applicable tariff,
   (b) insolvency bankruptcy, liquidation or dissolution
       of shipper, or
   (c) NYK's demand for payment which demand may be made at
       any time in NYK's sole discretion.

  3) If the services of a broker, forwarding agent or
     others (hereinafter collectively "agents") are
     utilized in connection with the payment of freight
     or other charges to NYK, shipper agrees that such
     agents act as shipper's agents for such purpose
     and not as the agents of NYK.

     Shipper further specifically agrees that, in extending
     the credit herein provided for, NYK is relying upon
     the credit of shipper and upon NYK's lien on the
     goods, and not upon the credit of such agent.  Shipper
     shall be absolutely and unconditionally responsible
     for payment to NYK of all freight and other charges
     within the period above prescribed, whether or not
     funds for payment of such freight and other charges
     have been advanced by shipper to agents.

     If shipper provided funds to an agent to pay freight
     or other charges due NYK, shipper does so at its own
     risk and in the event such agent converts such funds
     to its own use or for any other reason whatsoever fails
     to pay them to NYK, shipper shall remain absolutely and
     unconditionally liable to NYK for the payment of such
     freight and other charges.  In no event shall any
     demand by NYK upon such agent for payment of freight
     and other charges constitute a waiver or an estoppel
     of NYK's right to enforce shipper's undertaking herein.

  4) This agreement relates only to payment of freight and
     is not intended and shall in no event be construed:

     (a) to require NYK to issue, release or date "on board"
         or "received for shipment" Bill(s) of Lading before
         such time as the shipment has in fact been loaded
         on board or received by NYK for shipment, as the
         case may be, or
     (b) to revoke, rescind or in any way modify clauses 24
         and 25 of NYK's regular Bill of Lading which is set
         forth in Exhibit A hereto and is incorporated by
         reference as though set forth in full herein.

  5) This agreement does not apply to and shall not operate
     to extend credit in respect of freight and charges
     incurred by shipper pursuant to a conference or rate
     agreement tariff is such conference or rate agreement
     tariff either prohibits the granting of credit or
     includes its own credit agreement, whether or not
     shipper is actually a signatory to a credit agreement
     of such conference or rate agreement.

  6) In the event NYK delivers the shipment to the
     consignee prior to payment to NYK of all freight and
     other charges due thereon, shipper expressly agrees
     that NYK's lien on the goods for such amounts shall
     survive delivery and shall be extinguished only by
     payment of such amounts by NYK.

  7) Credit privileges granted hereunder may be temporarily
     suspended or permanently terminated by NYK upon
     shipper's failure or refusal to comply with the
     provisions hereof, or insolvency, bankruptcy,
     liquidation or dissolution of shipper, provided that
     such suspension or termination shall not extinguish
     any of shipper's liabilities otherwise existing
     hereunder.  The failure of NYK on any occasion or
     occasions to suspend or terminate credit privileges in
     accordance with this provision shall not consitute a
     waiver or estoppel of its right to do so at a later
     time.

  8) In the event shipper fails or refuses to comply with
     the provisions hereof, shipper shall be liable to NYK
     for any and all losses, damages or expenses of
     whatsoever nature incurred by NYK resulting from or
     arising out of such failure or refusal, including but
     not limited to the amount of freight and charges due
     and unpaid, legal interest thereon and attorneys fees,
     court costs and other costs incurred by NYK in seeking
     recovery thereof.

  9) In Exhibit B hereto, shipper:

     (a) identifies three credit references, one of which
         is shipper's principal bank and
     (b) authorizes each credit reference so identified to
         make full disclosure to NYK of such credit
         information concerning shipper as NYK may request.

 10) Please list any subsidiaries or affiliated companies
     that should also be covered under this credit
     agreement.  You should be aware that if any one
     subsidiary or affiliate should exceed that time
     limitation of extended credit then all companies tied
     to this agreement would be put on a CASH basis only.

     Company  _______________  Company  ________________
     Address  _______________  Address  ________________
     City, State ____________  City, State _____________
     Phone __________________  Phone ___________________

     Company ________________  Company _________________
     Address ________________  Address _________________
     City, State ____________  City, State _____________
     Phone __________________  Phone ___________________

 11) This agreement shall become effective upon execution
     by NYK and shall continue in effect until termination
     by either party by giving written notice to the other,
     provided that such termination shall not extinguish any
     of shipper's liabilities otherwise existing hereunder.

 Shipper: _______________________________________________
 By: ____________________________________________________
 Title: _________________________ Date: _________________

                 Lavino Shipping Agencies, Inc.
                       - as agents for -
                     Nippon Yusen Kaisha

 By: ____________________________________________________
 Title: _________________________ Date: _________________

                          EXHIBIT A

 Clause 24 and 25 of NYK's regular long Form Bill of Lading

 24. (Lien)
 (1) The Carrier shall have a lien on the Goods, which
 shall survive delivery, for all freight, dead freight,
 demurrage, damage, loss, charges, expenses and any other
 sums whatsoever payable by or chargeable to or for the
 account of the Merchant under this Bill of Lading and any
 contract preliminary hereto and the cost and expenses of
 recovering the same, and may sell the Goods privately or
 by public auction without notice to the Merchant.  If on
 sale of the Goods, the proceeds fail to cover the amount
 due and the cost and expenses incurred, the Carrier shall
 be entitled to recover the deficit from the Merchant.

(2) If the Goods are unclaimed during a reasonable time, or
whenever in the Carrier's opinion, the Goods will become
deteriorated, decayed or worthless, the Carrier may, at his
discretion and subject to his lien and without any
responsibility attaching to him, sell, abandon or otherwise
dispose of such Goods solely at the risk and expense of the
Merchant.

25. (Freight and Charges)

(1) Freight may be calculated on the basis of the
particulars of the Goods furnished by the Merchant who
shall be deemed to have guaranteed to the Carrier the
accuracy of the contents, weight, measure or value as
furnished by him, at the time of receipt of the Goods by
the Carrier, but the Carrier may, for the purpose of
ascertaining the actual particulars, at any time, open the
container(s) and/or package(s) and examine contents,
weight, measure and value of the Goods at the risk and
expense of the Merchant.  In case of incorrect declaration
of the contents, weight, measure or value of the Goods,
the Merchant shall be liable for and bound to pay to the
Carrier,

(a) the balance of freight between the freight charged and
that which would have been due had the correct details
been given, plus
(b) as and by way of liquidated and ascertained damages, a
sum equal to the correct freight.

(2) Full freight to the port of discharge or place of
delivery named herein shall be considered as completely
earned on receipt of the Goods by the Carrier, whether the
freight be stated or intended to be prepaid or to be
collected at destination.  The Carrier shall be entitled
to all freight and other charges due hereunder, whether
actually paid or not, and to receive and retain them
irrevocably under any circumstances whatsoever, whether
the Vessel and/or the Goods be lost or not, or the voyage
be broken up or frustrated or abandoned at any stage of the
entire transit.  Full freight shall be paid on damaged or
unsound Goods.

(3) The payment of freight and/or charges shall be made in
full and in cash without any offset, counterclaim or
deduction.  Where freight is payable at the port of
discharge or place of delivery, such freight and all other
charges shall be paid in the currency named in this Bill of
Lading, or at Carrier's option, in other currency subject
to the regulations of the freight conference concerned or
custom at the place of payment.

(4) Goods once received by the Carrier cannot be taken away
or disposed of by the Merchant except upon the Carrier's
consent and against payment of full freight and
compensation for any loss sustained by the Carrier through
such taking away or disposal.  If the Goods are not
available when the Vessel is ready to load, the Carrier is
relieved of any obligation to load such Goods and the
Vessel may leave the port without further notice and dead
freight shall be paid by the Merchant.

(5) The Merchant shall be liable for, and indemnify the
Carrier against all dues, duties, taxes and charges
including consular fees levied on the Goods, or all fines
and/or loss sustained or incurred by the Carrier in
connection with the Goods howsoever caused, including the
Merchant's failure to comply with laws and regulations of
any government or public authorities in connection with the
Goods or to procure consular, Board of Health or other
certificate to accompany the Goods.  The Merchant shall be
liable for return freight and charges on the Goods refused
exportation or importation by any government or public
authorities.  If the Carrier is of the opinion that
the Goods stand in need of sorting, inspecting, mending or
repairing or reconditioning or otherwise require protecting
or caring for, the Carrier may carry out such work at the
cost and expense of the Merchant.  The Merchant authorizes
the Carrier to pay and/or incur all such charges and
expenses and to do any matters mentioned above at the
expense of and as agents for the Merchant and to engage
other persons to regain or seek to regain possession of the
Goods and do all things deemed advisable for the benefit of
the Goods.

(6) The shipper, consignee, owner of the Goods and holder
of this Bill of Lading shall be jointly and severally
liable to the Carrier for payment of all freight and
charges and for the performace of the obligation of each
of them hereunder.

                     EXHIBIT B

        Credit Reference and Authorization

We, ____________________________________________________
                  (Shipper)
________________________________________________________
                  (Address)

have applied to Nippon Yusen Kaisha ("NYK") for credit
privileges relating to freight and other charges due on
shipments transported by NYK.  NYK may contact the below
named credit references.  List one (1) bank reference.

 PRINCIPAL BANK

   Name: _______________________________________________
   Address: ____________________________________________
   _____________________________________________________
   Phone No.: __________________________________________
   Contact Name: _______________________________________
   Shipper's Acct. No.: ________________________________

List Two (2) Credit References
Name: ____________________   Name: _____________________
Address: _________________   Address: __________________
Phone: ___________________   Phone: ____________________

We hereby authorized said credit reference to make full
disclosure to NYK of any credit information NYK may
request.

Shipper: _______________________________________________
By: ____________________________________________________
                       (Signature)
________________________________________________________
                       (Print Name)
Its: ___________________________________________________
                (Title of Organization Officer)
Date: __________________________________________________

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