STEAMSHIP MUTUAL UNDERWRITING ASSOCIATION LIMITED Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registered in England and Wales – Registration number 105461. PRA and FCA registration number 202548) MANAGERS: STEAMSHIP P&I MANAGEMENT LLP SPIM is an appointed representative of Steamship Insurance Management Services Limited which is authorised and regulated by the Financial Conduct Authority (Registered in England and Wales – Registration Number OC376859. FCA registration number 597046) Update to TradeLens October 2022 Dear Members Members are referred to Circular L.374 dated March 2021. Version dated 24 February 2021 – Previously Approved The International Group had previously approved TradeLens’ RuleBook and Service Description version 24 February 2021. These versions continue to be approved. Version dated September 2022 – Approved This Circular confirms approval by the International Group of updated versions of TradeLens’ RuleBook and Service Description. These versions are dated September 2022 and supersede the previous versions dated 24 February 2021 which remain approved for the purposes of Club cover. The versions dated September 2022 will come into effect as of Friday 30 September 2022. Changes in Tradelens dated September 2022 This Circular notifies Members of the following changes to the TradeLens Rulebook and Service Description: TradeLens RuleBook 1) Minor change of wording in 7.4 and 8.3 referencing issuance of the paper bill and transfer to paper respectively; 2) Note 8.6 - revision of wording relating to the exclusion of the Contracts (Rights of Third Parties) Act of 1999 now extends to cover ‘....any similar legislation or rule of law applicable (or potentially applicable) under the law governing any TradeLens eBL....”. Service Description 1) Cloud Service (1) - Note there is now a definition of TradeLens eBL 2) Offerings now includes Single Transfer (1.1.1), Multiple Transfer sections (1.1.2), as well as Acceleration Services (1.2) 3) Amendments to Charge Metrics (4.1) 4) Overriding Terms – Note new section covering Termination (6.3) Paperless Trading Electronic Trading Systems Update to TradeLens Terms and Conditions STEAMSHIP MUTUAL UNDERWRITING ASSOCIATION LIMITED Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registered in England and Wales – Registration number 105461. PRA and FCA registration number 202548) MANAGERS: STEAMSHIP P&I MANAGEMENT LLP SPIM is an appointed representative of Steamship Insurance Management Services Limited which is authorised and regulated by the Financial Conduct Authority (Registered in England and Wales – Registration Number OC376859. FCA registration number 597046) 2 Other exclusions of cover under Group Club Rules continue to apply Members are reminded that other exclusions of cover under Group Club Rules relating to the carriage of cargo will, of course, continue to apply in respect of all the IG approved providers in the same way as for paper systems. These exclusions include a) discharge at a port or place other than the port or place provided for in the contract of carriage, b) the issue / creation of an ante or post-dated electronic document / record, and c) the delivery of cargo without the production of the negotiable electronic document / record, which - in the case of an approved electronic trading sys