Emirates SkyCargo » Fuel Index

The fuel index is based on the average price of aviation fuel in five key spot markets (Rotterdam, Singapore, New York , US Gulf and US West Coast )

These averages are monitored against a fixed base of USD 0.535 per US Gallon equal to index 100.

The current fuel index level

Date	Fuel Price Index
2 May 2008	637
25 April 2008	653
18 April 2008	657
11 April 2008	642
4 Apr 2008	598
28 Mar 2008	599
21 Mar 2008	596
14 Mar 2008	617
7 Mar 2008	577
29 Feb 2008	549
22 Feb 2008	536

Fuel Surcharge Methodology

Implementation/Increase

Fuel Index	Fuel Surcharge Application
Exceeds 115 for a period of 2 consecutive weeks	USD 0.05/kg / EUR 0.05/kg*
Exceeds 135 for a period of 2 consecutive weeks	USD 0.10/kg / EUR 0.10/kg*
Exceeds 165 for a period of 2 consecutive weeks	USD 0.15/kg / EUR 0.15/kg*
Exceeds 190 for a period of 2 consecutive weeks	USD 0.20/kg / EUR 0.20/kg*
Exceeds 215 for a period of 2 consecutive weeks	USD 0.25/kg / EUR 0.25/kg*
Exceeds 240 for a period of 2 consecutive weeks	USD 0.30/kg / EUR 0.30/kg*
Exceeds 265 for a period of 2 consecutive weeks	USD 0.35/kg / EUR 0.35/kg*
Exceeds 290 for a period of 2 consecutive weeks	USD 0.40/kg / EUR 0.40/kg*
Exceeds 315 for a period of 2 consecutive weeks	USD 0.45/kg / EUR 0.45/kg*
Exceeds 340 for a period of 2 consecutive weeks	USD 0.50/kg / EUR 0.50/kg*
Exceeds 365 for a period of 2 consecutive weeks	USD 0.55/kg / EUR 0.55/kg*
Exceeds 390 for a period of 2 consecutive weeks	USD 0.60/kg / EUR 0.60/kg*
Exceeds 415 for a period of 2 consecutive weeks	USD 0.65/kg / EUR 0.65/kg*
Exceeds 440 for a period of 2 consecutive weeks	USD 0.70/kg / EUR 0.70/kg*
Exceeds 465 for a period of 2 consecutive weeks	USD 0.75/kg / EUR 0.75/kg*
Exceeds 490 for a period of 2 consecutive weeks	USD 0.80/kg / EUR 0.80/kg*
Exceeds 515 for a period of 2 consecutive weeks	USD 0.85/kg / EUR 0.85/kg*
Exceeds 540 for a period of 2 consecutive weeks	USD 0.90/kg / EUR 0.90/kg*
Exceeds 565 for a period of 2 consecutive weeks	USD 0.95/kg / EUR 0.95/kg*
Exceeds 590 for a period of 2 consecutive weeks	USD 1.00/kg / EUR 1.00/kg*
Exceeds 615 for a period of 2 consecutive weeks	USD 1.05/kg / EUR 1.05/kg*
Exceeds 640 for a period of 2 consecutive weeks	USD 1.10/kg / EUR 1.10/kg*

Reduction/Suspension

Fuel Index	Fuel Surcharge Application
Below 620 for a period of 2 consecutive weeks	USD 1.05/kg / EUR 1.05/kg*
Below 595 for a period of 2 consecutive weeks	USD 1.00/kg / EUR 1.00/kg*
Below 570 for a period of 2 consecutive weeks	USD 0.95/kg / EUR 0.95/kg*
Below 545 for a period of 2 consecutive weeks	USD 0.90/kg / EUR 0.90/kg*
Below 520 for a period of 2 consecutive weeks	USD 0.85/kg / EUR 0.85/kg*
Below 495 for a period of 2 consecutive weeks	USD 0.80/kg / EUR 0.80/kg*
Below 470 for a period of 2 consecutive weeks	USD 0.75/kg / EUR 0.75/kg*
Below 445 for a period of 2 consecutive weeks	USD 0.70/kg / EUR 0.70/kg *
Below 420 for a period of 2 consecutive weeks	USD 0.65/kg / EUR 0.65/kg*
Below 395 for a period of 2 consecutive weeks	USD 0.60/kg /EUR 0.60/kg*
Below 370 for a period of 2 consecutive weeks	USD 0.55/kg / EUR 0.55/kg*
Below 345 for a period of 2 consecutive weeks	USD 0.50/kg / EUR 0.50/kg*
Below 320 for a period of 2 consecutive weeks	USD 0.45/kg / EUR 0.45/kg*
Below 295 for a period of 2 consecutive weeks	USD 0.40/kg / EUR 0.40/kg*
Below 270 for a period of 2 consecutive weeks	USD 0.35/kg / EUR 0.35/kg*
Below 245 for a period of 2 consecutive weeks	USD 0.30/kg / EUR 0.30/kg*
Below 220 for a period of 2 consecutive weeks	USD 0.25/kg / EUR 0.25/kg*
Below 195 for a period of 2 consecutive weeks	USD 0.20/kg / EUR 0.20/kg*
Below 170 for a period of 2 consecutive weeks	USD 0.15/kg / EUR 0.15/kg*
Below 145 for a period of 2 consecutive weeks	USD 0.10/kg / EUR 0.10/kg*
Below 120 for a period of 2 consecutive weeks	USD 0.05/kg / EUR 0.05/kg*
Below 100 for a period of 2 consecutive weeks	Fuel Surcharge will be suspended

This will be reviewed continually and Emirates SkyCargo reserves the right to change
this information at any time.

* Rates applicable ex Europe.

*This information may not be used or reproduced in any way unless it is accompanied by the following statement: "This information has been obtained from the Emirates SkyCargo website (www.skycargo.com) and is subject to the disclaimer therein."