Port Procedures and Financial Growth

USD 200 M in annual saving in grain ports 30% of tariff reduction of pilotage and towage services through maximum tariffs. Up to 50% of tariff reduction for stowage thanks to increase in competitiveness. We have opened tug competitiveness: USD28,000 vs. USD7,000 at present. . Mooring Tariff reduction by 50%. Elimination of Draft Survey obligation. Elimination of the obligation to hold inspection by SENASA (6 USD/ton). Extra cost for phytosanitary inspection has been eliminated (Frontier Sanitation) for by-products, flours and oils (USD20,000 per ship). Work has been done with Customs for dredges to avoid coming out to move throughout Argentine interports (300,000 USD per movement). 39

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