International Credit Approval
(Effective April 25, 2003)

A credit approval policy for customers with a non-U.S. billing address is approved by the UniGroup Worldwide Board of Directors.

Booking agents must contact UniGroup Worldwide Headquarters' Finance Department for credit approval prior to loading any effects or products. Send an e-mail to UGWW_Accounting@unigroupworldwide.com and provide the full billing address, company name, anticipated annual volume in terms of shipments and dollars, and a requested credit line.

A credit review will be performed for any account with expected annual volume exceeding two shipments or a minimum of $10,000 in transportation revenues. New account approvals, the credit line and special terms will be communicated in writing to the booking agent.

All credit lines shall have a term of one year, unless otherwise indicated. All established credit lines will be reviewed at least once prior to their expiration.

UniGroup Worldwide shall assume full responsibility for all bad debts and credit-related losses incurred on credit-approved accounts. For non-credit aproved accounts, UniGroup Worldwide may traffic shipments and bill accounts, however the bad debt risk and credit-related losses are the responsibility of the booking agent.

Questions regarding this bulletin can be directed to Jack Dahlia at tel: 636-349-8223 or e-mail: jack_dahlia@unigroupworldwide.com.