Issue No. 18, April 21st, 2005

Spring is in the air...

It is that time of the year again in Holland. Spring stands for colour, growth, blossom. No doubt one of the nicest times of the year. Although we work in a Port environment, commonly assumed as ‘dirty’, we succeed in distinguishing ourselves. Our world famous ‘flowerpots’ (originally from Russian Smelters) prove their usefulness as traffic posts. And of course each spring, the pots come to life with a large variation of flora. Who says a Port environment cannot be clean and presentable? Creativity is the key word. Not only at finding daily solutions for our clients’ requirements, also in smart infrastructure.

The ‘flowerpots’ throughout all the years, keep reminding us about what we stand for, blossoming and growth. I could tell you a lot more about Port environments, have not even started to tell you about the pigeon family right above our crushing units….

Until the next time and thanks for showing interest in our newsletter!

Have a good read and thank you for your support!

T.J. (Hans) Meeuwisse
Managing director

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Interview in Mainport News

The developments at Vulcaanhaven have not remained unnoticed in the Port. Not only did present management of Vulcaanhaven blow new life in the terminal back in 2001, latest news is that Norfolk Line will be a Vulcaanhaven neighbour as from the start of 2006. Vulcaanhaven is enthusiastic about these developments! The interview with Hans Meeuwisse in Mainport News, the most read Port of Rotterdam magazine is available upon request.

This Month's Features:

Interview Mainport News – Hans Meeuwisse.
Investments continued!
Third Party Warehousing - an accident waiting to happen
Joke of the Month
Financial information Vulcaanhaven
German “Maut”: more traffic over France
Customs/Fiscal representation issues
Important topics from previous issues
Spring Gift
Advertise in this newsletter and sponsor the Johan Cruijff foundation
Plea for help
Vulcaanhaven sponsors Sparta Rotterdam
Contact Information

Investments continued!

In line with our aim to improve on a continuous basis, whenever possible we have upgraded our hardware and printer/scan options. Service at the speed of light. An upgrade on software is expected to come through 2nd half of this year. Keeping you up to date!

Third Party Warehousing - an accident waiting to happen!

From a legal point of view third party warehousing is a nightmare. Party A (client) stores at party B (3rd party), although A believes B owns/rents/runs the warehouse. Party B concludes a price deal with party C (the actual warehouse). Party B is ‘in the middle’ paying a fee to C, receiving a higher fee from A. On times of theft, what to do? Is it properly insured,

was the insurance company aware of B’s role? How about commodity finance? Is the bank aware? After all, it is his collateral. Party B does not pay party C, business is not to good, operating costs for B are higher then his revenues. Party C is not amused, he wants to get paid. Despite various efforts, no funds are received. Finally party C does not deliver out to party B whom he sees as his principal. The real principal, party A, paid all his dues to party B. Party B eventually disappears. Party C finally connects with Party A. Party A can get his cargo, of course, as long as all warehouse costs are paid…… Party A pays twice. Be alert and realise who you are dealing with, it avoids many problems. (more information: hansm@vulcaanhaven.nl)

Joke of the Month

This one is about pets and foul language:

Mrs. Davidson's dishwasher quit working so she calls a repairman.

Since she has to go to work the next day, she tells him, "I'll leave the key under the mat. Fix the dishwasher, leave the bill on the counter, and I'll mail you the cheque. Oh, by the way, don't worry about my bulldog, Spike, he won't bother you. But, whatever you do, do NOT, under ANY circumstances, talk to my parrot!"

When the repair man arrives at Mrs. Davidson's apartment the next day, he discovers the biggest and meanest Bull Dog he has ever seen. But just as she said, the dog just lay there on the carpet watching the repairman go about his business.

The Parrot, however, drove him nuts the whole time with his incessant yelling, cursing, and name calling. Finally the repairman couldn't contain himself any longer and yelled, "Shut up, you stupid ugly &n@b*s!#p; bird!"

To which the parrot replied, "Get him, Spike!"

Financial information Vulcaanhaven

Clients worldwide, banks, insurance companies, they all need financially sound warehouses. After the purchase of her terminal in 2001, Vulcaanhaven has prospered and developed, thanks to continued support from clients worldwide. Services Vulcaanhaven offers are appreciated, turn around times acknowledged and receiving plants, through working with Vulcaanhaven, are guaranteed just in time deliveries.

Working with Vulcaanhaven means: No Panic at the steelmills.

With her flexible workforce and large capacity, Vulcaanhaven is able to adapt, adjust almost instantly. Financial consequences over the past 4 years have shown tremendous growth in turnover and profitability. Vulcaanhaven is debt free. If financial statements are required, please let us know. We will gladly make it available on request. (more information: hansm@vulcaanhaven.nl)

German Maut: more traffic over France

The kilometer additional on trucking into Germany has lead to a substantial increase of transports over the French border into Switzerland. In the first 2 months of 2004 an added percentage of 13% traffic was calculated. Transport companies remain creative to avoid unnecessary double costs. German Transport Minister Stolpe confirmed the first 100 days MAUT brought the German Government EUR 600 million. (more information: hansm@vulcaanhaven.nl)

Customs and Fiscal Representation Issues

Presently Vulcaanhaven operates a customs system with storage documents for each parcel in store. Once material leaves the warehouse, documents must be altered accordingly. As from 01st July we will operate the latest customs system, which is based on our computer software. Stocks moving in and out will be monitored for customs convenience (and customers convenience of course!!) and a direct link to the main customs computer will be provided for. On matters for Limited Fiscal Representation, please feel free to contact us if any additional information is required. LFR is a consequence of customs clearances and to defer VAT which means you do not pay that amount. (more information: customs@vulcaanhaven.nl)

Vulcaanhaven Spring Gift

As a small token of our appreciation, Vulcaanhaven Freebee this time is a small bag that can be put to good use almost every day! So please do not hesitate and fill out the form at our website. After confirmation of receipt we will ship one to you A S A P at no charge!

Have fun with it. (Hand out on basis of receipt of confirmation – limited amount available)

Important topics from previous issues:

- Drivers Instructions.
- Quickest turn around for your material.
- Banks & Insurance alert!
- Marine Cargo / storage insurance available at Vulcaanhaven.
- FOB, FCA, FCR or FOT. CIF or CIFFO? Liner Terms, Free In Liner Out? DDU? DDP?

Advertise in this newsletter and support the Johan Cruijff foundation, an initiative of the world famous Dutch soccer player to help children with disabilities around the world to participate in sports and bring them happiness. (more information: rudi@vulcaanhaven.nl)

Plea for help

Sometimes you realise that the things you take for granted in western life like access to good doctors and hospitals are unavailable for many people in this world. You are shocked to learn that people with whom you have a business relationship but live in another part of the world are faced with the imminent death of their baby daughter. Not because there is no cure, but because there is no money. Our collegue in Tallinn received the following letter:

Tatjana

Our daughter Nastya is 5 months old. She was born with biliary atresia, cirrhosis of the liver. She is in urgent need of a liver transplant operation. This operation is her only chance for survival. The operation will not only help her survive but also lead a normal life. Without this operation she will not live. This operation can be performed in the St-Luc university clinic in Brussels, Belgium. Unfortunately no one in Moscow is yet able to perform this type of operation for small children and infants. The cost of the operation is 85,000 Euros and this sum does not include travel and living expenses.

We live in the city of Segezha in Karelia, Russia. We have no means of raising this sum of money ourselves. This is why we desperately need your help.

All the medical documents describing Nastya's conditions can be found on our web site http://nastya.onas.ru/en.php . A special bank account has been opened in order to collect the amount needed.

We not only need financial help but also need help spreading the word concerning Nastya's condition. We would be very grateful if you could send our link to all your friends with a description of this matter. We would be willing to talk to journalists of any kind (television, radio, newspaper, internet).

If you have well-off friends, please tell them about our plight. We know of incidents when certain rich individuals have fully financed such operations for small children (as in the case of Yegor Yershov). We also know that people have continued to cover the costs of further medical help and rehabilitation (as with little Zukhra Mayorova).

We are entirely relying on your generosity and kindness.

Thank you very much to all who have helped.

We hope and pray that our little Nastya will be healthy.

Andrei and Lena Rogalevich

(more information: tatjana@vulcaanhaven.nl)

Vulcaanhaven sponsor of Sparta Rotterdam

Located fairly close to our terminal, the stadium "Sparta Kasteel" (Dutch for Castle) embraces the atmosphere of a football club with a longstanding tradition, not experienced elsewhere (since 1888!). Are you in our neighbourhood, please feel free to contact us for free tickets. Games start at 20:00. SPARTA Home games only.

Upcoming games	Home	Visitors
22 April	FC Dordrecht	SPARTA
29 April	SPARTA	BV Veendam
6 May	Fortuna Sittard	SPARTA
13 May	SPARTA	Heracles Almelo
20 May	Go Ahead Eagles	SPARTA

Contact information

Vulcaanhaven BV
Schiedamsedijk 2a
Portno. 610
3134 KK Vlaardingen
The Netherlands
Phone: +31 10 299 83 33
Fax: +31 10 299 83 30
E-mail: info@vulcaanhaven.nl

Vulcaanhaven EESTI OU
Roheline Aas 14
Tallinn 10150
Estonia
Phone: (372) 601 3415
Fax: (372) 601 3413
E-mail: info@vulcaanhaven.ee

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