YOUR EXPERT IN COCOA TRANSPORTATION

MSC, YOUR PARTNER IN THE JOURNEY OF COCOA If there s one product loved the world over and forever in favour, it s chocolate. This global obsession means a constant demand for cocoa, and therefore for a reliable, responsive supply chain where every party fully understands the complexity of the bean-to-consumer cycle. Experts estimate that demand for cocoa will rise a further 30% by 2020, and with over 95 % of the world s cocoa grown by small scale farmers, it s no wonder the pressure is on to find the right transportation partners for this special commodity. As a world leader in global container shipping, MSC Mediterranean Shipping Company prides itself on offering global service with local knowledge. Over the years, our local teams in Africa, Asia and Latin America, have developed a strong expertise in all of the aspects related to cocoa transportation. In Africa, MSC is present in over 40 countries, with offices in Ivory Coast, Ghana, Nigeria and Cameroon undeniably some of the major producing countries. We re proud of our credibility and our deep understanding when it comes to the world of cocoa. MSC clearly is the perfect partner for the critical journey of this high-demand commodity. Cocoa exports The Ivory Coast produces approximately 35% of cocoa s global supply on its own. In 2015 it exported 1,285,988 Tons of cocoa beans (whole or broken, raw or roasted, ITC calculations based on UN COMTRADE statistics), followed by Ghana (661,850 Tons), Cameroon (237,380 Tons) and Ecuador (236,072 Tons). 2

MSC IN IVORY COAST Ivory Coast leads the world in cocoa production, and the port of San Pedro is the main harbour for cocoa exports. Through our global network, MSC can connect the country to the main trade centres of the world. Our key strengths in Ivory Coast are: In Abidjan and San Pedro, MEDLOG manages several warehouses, including three dedicated to the cocoa, cotton and cashews storage. Our equipment is composed of more than 190 trucks, 520 trailers, 15 box loaders, forklifts, etc. A dedicated team in Abidjan and San Pedro Regular trade services Fast and reliable transit times 24/7 container availability Our own terminal at San Pedro (TSP - Terminal San Pedro) Our subsidiary MEDLOG (land transport, stevedoring and handling) We care for the safety of your cargo. Our trucks are equipped with a GPS allowing for real-time localization, alarm in case of itinerary change and a speed control system. We are working with one of the best security companies of the country in order to protect our warehouses and monitor the moves of our containers. A security department was created in order to supervise all of these efforts. 4

AT THE HEART OF THE COCOA VALUE CHAIN The quality of cocoa products is primarily determined by the quality of the raw cocoa. Cocoa itself will not improve after it leaves the farm gates, but, it is critical that it is carefully preserved during transportation. At MSC, we understand the sensitivity required in the care of cocoa beans throughout their journey. We work closely with exporters, brokers and importers to ensure the commodity arrives in the very best conditions possible. Our extensive knowledge and experience tells us that cocoa beans should be shipped shortly after harvest, as extended storage (>6 months) may result in losses due to the high relative humidity in the tropics. It s this understanding which means we re able to guide our customers in shipment options of either containerized or conventional. Cocoa imports As the primary regions for chocolate manufacturing, Europe and the United States are the main importers of post-processing cocoa products. The top five biggest importers in 2015 included the Netherlands, the USA, Germany, Belgium and Malaysia (source: ITC, International Trade Centre) 6

GROWING CONSUMER HARVESTING CHOCOLATE MAKING FERMENTING AND DRYING PRESSING MARKETING & SALES ROASTING & GRINDING PACKING TRANSPORTATION M S C 7

THE COCOA SEASON The timing of the cocoa harvest varies from country to country, depending on the climate and the variety of cocoa; however, most countries have two peak production harvests per year. In West Africa, 70% of the production is harvested between October and March. MAIN AND MID CROP SEASONS BRAZIL CAMEROON COLOMBIA MAIN CROP MID CROP OCT-MAR JUN-SEP SEP-FEB MAY-AUG APR-JUN OCT-DEC CONGO, DEMOCRATIC REPUBLIC COSTA RICA DOMINICAN REPUBLIC ECUADOR GHANA SEP-MAR APR-SEP JUL-FEB MAR-JUN APR-JUL OCT-JAN MAR-JUN DEC-JAN SEP-MAR MAY-AUG GRENADA HAITI INDONESIA IVORY COAST JAMAICA APR-NOV DEC-MAR MAR-JUN JUL-FEB SEP-DEC MAR-JUL OCT-MAR MAY-AUG DEC-MAR APR-NOV LIBERIA MALAYSIA MEXICO NIGERIA PANAMA OCT-MAR APR-SEP OCT-DEC APR-MAY OCT-FEB MAR-AUG SEP-MAR JUN-AUG MAR-JUN JUL-FEB PAPUA NEW GUINEA SRI LANKA TOGO TRINIDAD VENEZUELA APR-JUL OCT-DEC NOV-FEB MAR-OCT OCT-MAR APR-SEP DEC-MAR APR-NOV MAR-SEP 8 Source: International Cocoa Organization (www.icco.org)

MSC COCOA EXPORT PROCESS Every single cocoa journey we organise for our customers receives the highest level of attention and expertise. Our highly experienced team take huge pride in supporting each step of the export process, from guiding customers through appropriate and country-specific procedures, to helpfully suggesting advice around shipment preparation. MSC customers know they can rely on the very best service, from the moment they make their booking, to the loading of their container on board the vessel. Our role is to be the partner you can trust at every step. BOOKING RECEPTION AND CONFIRMATION BY MSC GATE IN TERMINAL FOR LOADING BOOKING TRANSMISSION TO STEVEDORING PRE-STACKING* CONTAINER SELECTION STUFFING POSITIONING PREPARATION / DRESSING * New customs rules 2-5 days in Ivory Coast due to VGM process 10

CONTAINER SELECTION PROCESS & PREPARATION As part of our export process, we help our customers with the selection of the containers as well as their inspection, followed by a careful preparation. Our local team of experts will provide guidance on the appropriate materials to use. At MSC, we understand the importance of preserving the condition of our customers cargo from the moment it is loaded until the moment it reaches its delivery point. The inspection of containers includes: Cleaning to eliminate dirt (such as grease or oil, for instance) and odour Checks for cracks or holes, or rust Checks to ensure there s no deformation of the lateral sides of the container Verification that the container is water-tight We then prepare the containers depending on the packing: in bags or in bulk. MATERIALS USED FOR LOADING BAG LOADING BULK LOADING Iron bars Liner bag Dry bags (Humidity absorbers to provide protection from moisture damage. The amount of humidity absorbers depends on the transit time as well as on the weather conditions at the port of loading and port of discharge.) Liner sheet Simple corrugated cardboard sheet Double corrugated cardboard (new lining material) 12

CONTACTS ABIDJAN AGENCY Mediterranean Shipping Company Côte d Ivoire As agent of MSC Mediterranean Shipping Company S.A., Geneva MSC-CI Treichville Zone Portuaire Rue des Galions 18, B.P. 2792, Abidjan 18, Ivory Coast T: +225-21 75 66 66 F: +225-21 75 66 60 E: ci366-infociabj@msc.com EXPORT SERVICE T: +225-21 75 97 61 E: ci366-comabjexport@msc.com SAN PEDRO AGENCY MEDLOG, Zone Portuaire Immeuble ex-douane Boulevard de la République 01, B.P. 187, San Pedro 01, Ivory Coast T: +225-34 71 94 50 F: +225-34 71 83 35 E: ci366-infocispy@msc.com COMMERCIAL SERVICE T: +225-34 71 94 51 E: ci366-comcispy@msc.com IMPORT SERVICE T: +225-21 75 68 57 E: ci366-comabjimport@msc.com MARKETING T: +225-21 75 68 58 E: ci366-marketing@msc.com 14

msc.com MSC Mediterranean Shipping Company S.A, Nov. 2016