TOWAGE OF THE KOREA TUG BUSINESS CORPORATION

(Effective from 1st JULY 2025)

(1) Basic rate : per hour per boat

(unit : Korea Won)

Engine H. P.	Basic Rate
7,000 6,500 6,000 5,500 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500	1,740,310 1,679,570 1,602,570 1,490,720 1,377,010 1,271,300 1,154,720 1,037,400 929,440 810,770 678,840 527,210 378,950 248,250

※ Remarks：Rates for a tug boat with main engine horsepower over than the standard, 1/5 of the usage rate for a standard horsepower section is applied at every 100 hp.

(2) Additional charges

Description	Additional	Remarks
⋅Non-office hours ⋅Official public holidays ⋅D&H cargo ⋅Fire fighting and sea casualty work	30% of the basic rate	⋅Jan ~ Mar 18:00 ～ 07:00 Apr ~ Jun 19:00 ～ 05:00 Jul ~ Sep 19:00 ～ 06:00 Oct ～ Dec 17:00 ～ 07:00 ⋅Including Saturday ⋅Tankers in ballast are to be exempted from additional surcharge for D&H. However, a tanker of less than 20,000 GRT tons shall be fitted with Inert Gas System or verified that she has put inert gas for the purpose of this exemption. ⋅If chemical compound is used at fire fighting against oil tanker, gunpowder, explosives or D&H chemicals onboard, the actual cost shall be separately burdened.

□ General Provisions

1) The hire hours of the tugboat shall be counted from her departure time from her station until the arrival time at her station. However at Incheon, the time spent in waiting for the opening of lock gate and the time unable to operate and to use due to tide shall not be counted.

2) In case the hire hour exceeds the first one hour, a half of the basic rate shall be additionally charged for every 30 minutes.

3) Should tugs be used in and out of Incheon tidal lock, the minimum time shall be 30 minutes and its rate shall be applied to a half of the above basic rate.

4) Where hourly rate is to apply, the fraction less than one hour shall be counted as one hour. Where 30 minutes rate is to apply, the fraction less than 30 minutes shall be counted as 30 minutes.

5) In case the additional charges overlap, all the relevant additional charges shall be added to the basic rate. But in case the tugboat is used on Sunday/ holidays and non-office hours, the surcharges for non-office hours shall not be applied.

6) In case the larger horse-powered tug is used than the appropriate sized tug as provided in the Article 6 of MOF(Ministry of Ocean and Fisheries) Notice No. 2013-36 issued on 6th May, 2013, and Regional District Office regulations, the actual applicable rate shall be reduced by three-fourth of difference rate between the appropriate sized tug and the actual tug used. However, the foregoing shall not be applied in case use of the larger tug is regarded as unavoidable in consideration of the operational conditions at that time and/or made upon the user's request, or the number of tugs used is less than provided in the above Notice.

7) As to the towage arising from the vessel berthing and unberthing at the piers exclusively used by the cargo owners, the terms and conditions of the additional charges could be determined between the user and Central Tug Operation Council. However, if the tugboat belongs to the other harbour, then this provision does not apply.

8) Passenger carriers and cargo carriers of both national and foreign shipowners stipulated in the Maritime Act are entitled to enjoy the following discount rates on the basis of the aggregate towage annually paid nationwide. However, if the tugboat belongs to no association, then this provision does not apply by the regulation 34 for the Harbor Act.

Annual Towage	More than 4 billions Won	More than 5 billions Won	More than 7 billions Won
discount rate	8%	10%	12%

9) The tug service to the shipowners / agent who leave the relevant towage unpaid for more than three months could be suspended.

The tug service to the shipowners / agent who does not fulfill The Towage Clause fixed by Central Tug Operation Council could be suspended.

10)  Effective from 1st July 2025

TOWAGE BASIC RATE CHART

(unit : Korea Won)

Engine H. P.	Basic Rate
7,000	1,740,310
6,900	1,728,170
6,800	1,716,020
6,700	1,703,870
6,600	1,691,720
6,500	1,679,570
6,400	1,664,170
6,300	1,648,770
6,200	1,633,370
6,100	1,617,970
6,000	1,602,570
5,900	1,580,200
5,800	1,557,830
5,700	1,535,460
5,600	1,513,090
5,500	1,490,720
5,400	1,467,980
5,300	1,445,240
5,200	1,422,500
5,100	1,399,760
5,000	1,377,010

Engine H. P.	Basic Rate
4,900	1,355,870
4,800	1,334,730
4,700	1,313,590
4,600	1,292,450
4,500	1,271,300
4,400	1,247,990
4,300	1,224,670
4,200	1,201,360
4,100	1,178,040
4,000	1,154,720
3,900	1,131,260
3,800	1,107,800
3,700	1,084,330
3,600	1,060,870
3,500	1,037,400
3,400	1,015,810
3,300	994,220
3,200	972,630
3,100	951,040
3,000	929,440

Engine H. P.	Basic Rate
2,900	905,710
2,800	881,980
2,700	858,240
2,600	834,510
2,500	810,770
2,400	784,390
2,300	758,000
2,200	731,620
2,100	705,230
2,000	678,840
1,900	648,520
1,800	618,190
1,700	587,870
1,600	557,540
1,500	527,210
1,400	497,560
1,300	467,910
1,200	438,260
1,100	408,610
1,000	378,950
900	352,810
800	326,670
700	300,530
600	274,390
500	248,250