Document:

<PAGE>   1

                                                                    EXHIBIT 10.8

                          REGISTRATION RIGHTS AGREEMENT
                                       FOR
                                    INVESTORS

     THIS REGISTRATION RIGHTS AGREEMENT (this "Agreement") is entered into
effective as of April 19, 2000, by and among UTi WORLDWIDE INC. (f/k/a Union-
Transport Inc.), a British Virgin Islands corporation (the "Company"), and each
of the entities or persons named on the signature page hereto (referred to
herein individually as an "Investor" and, collectively, as "Investors").

                                    RECITALS

A. Investors collectively own issued and outstanding ordinary shares and/or
preference shares of the Company;

B. The Company desires to secure the Investors' agreement that they will not
sell their shares of the Company's stock within 180 days of the effective date
of a registration statement in the event the Company undertakes a public
offering in the United States;

C. To induce the Investors to agree to such restrictions on sale of the
Company's stock, the Company and the Investors agree that this Agreement shall
govern the rights of the Investors to cause the Company to register in the
United States shares of the Company's stock issued or issuable to them, and
certain other matters set forth herein.

     In consideration of the mutual promises, representations, warranties,
covenants and conditions set forth herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto mutually agree as follows:

1. Definitions. As used in this Agreement, the following terms shall have the
following respective meanings:

     "1933 Act" or the "Act" shall mean the United States' Securities Act of
1933, as amended, and the rules and regulations of the Commission thereunder,
all as the same shall be in effect from time to time.

     "1934 Act" shall mean the United States' Securities Exchange Act of 1934,
as amended, and the rules and regulations of the Commission thereunder, all as
the same shall be in effect from time to time.

     "Commission" or "SEC" shall mean the United States Securities and Exchange
Commission.

     "Demand Registration" shall have the meaning specified in Section 2.1(a)
hereof.

<PAGE>   2

     "Form S-3 Registration" shall have the meaning specified in Section 2.3(a)
hereof.

     "Initiating Investors" shall have the meaning specified in Section 2.1(a)
hereof.

     "Piggy-Back Registration" shall have the meaning specified in Section
2.2(a) hereof.

     "Register," "registered," and "registration" refer to a registration
effected by preparing and filing a registration statement with the SEC in
compliance with the Act, and the declaration or ordering of effectiveness of
such registration statement or document.

     "Registrable Securities" shall mean (i) the ordinary shares, no par value,
of the Company held by the Investors, (ii) any ordinary shares of the Company
issued or issuable upon conversion of the preference shares of the Company held
by the Investors, (iii) any securities issued or issuable upon any dividend,
split, recapitalization, merger, consolidation, reorganization, liquidation or
similar event with respect to such ordinary shares, and (iv) any securities
added to this definition of Registrable Securities as provided for in Section
7.5 hereof. As to any particular Registrable Securities, such securities shall
cease to be Registrable Securities when (i) a registration statement covering
such securities shall have become effective under the Act and such securities
shall have been disposed of in accordance with such registration statement,(ii)
such securities shall have been sold to the public pursuant to Rule 144 or Rule
144A (or any successor provisions) under the Act, (iii) the holder of such
securities is free at the time, to sell such securities under Rule 144(k) (or
any successor provision), (iv) such securities shall have ceased to be
outstanding, or (v) such securities are sold by a person in a transaction in
which the rights under this Agreement are not assigned.

     "Stock" shall mean the voting ordinary shares, no par value, of the
Company.

2. Registration Rights.

   2.1 Demand Registrations

       (a) Timing of Demand Registrations; Required Threshold. At any time
commencing twelve (12) months after the effective date of the Company's first
registration statement filed under the 1933 Act for a registered public offering
of its Stock in the United States of America (other than a registration
statement relating either to the sale of securities to employees of the Company
pursuant to a stock option, stock purchase or similar plan or an SEC Rule 145
transaction), any Investor or Investors owning shares of the Company's then
outstanding Registrable Securities may request in writing (such person or
persons, the "Initiating Investor(s)") that the Company file a registration
statement under the 1933 Act on an appropriate form with respect to Registrable
Securities owned by the Investor(s) with an anticipated aggregate offering
price, net of underwriting discounts and commissions, of at least $10,000,000 (a
"Demand Registration"), and the Company shall file such a registration statement
in accordance with the terms of this Agreement.

                                       -2-

<PAGE>   3

       (b) Number of Demand Registrations. The Company shall be obligated to
prepare, file and cause to become effective no more than two (2) registration
statements pursuant to Section 2.1(a) for the Investor(s); provided, however,
that a registration statement shall not be counted as one of the two (2) Demand
Registrations hereunder unless it becomes effective; provided, further, that if
there is an underwriter's cutback pursuant to Section 2.1(e) with respect to the
second request for registration initiated by the Investors, such requested
registration shall not be deemed to be a requested registration for purposes of
the limitation to two (2) Demand Registrations pursuant to this Section 2.1(b).

       (c) Deferral by Company. Notwithstanding anything in this Section 2.1 to
the contrary, the Company shall not be obligated to prepare, file and cause to
become effective pursuant to this Section 2.1 a registration statement if the
Company furnishes to the Initiating Investor or Investors a certificate signed
by an officer of the Company stating that it would be detrimental to the Company
or its shareholders for the Company to comply with the requested Demand
Registration, and it is, therefore, advisable to defer the filing of the
Registration Statement relating thereto. Any such deferral shall be for a period
of not more than one hundred twenty (120) days after the Company's receipt of
the Initiating Investor's or Investors' written request for registration
pursuant to this Section 2.1; provided, however, that the Company may not
exercise this right more than two consecutive times with respect to a Demand
Registration during any twelve month period, and that any requested registration
deferred, and not ultimately effected by the Company pursuant to the provisions
of this Section 2.1(c) shall thereafter not be deemed to be a requested
registration for purposes of the limitation to two (2) Demand Registrations
pursuant to Section 2.1(b) hereof.

       (d) Participation. Upon receipt of a written request for a Demand
Registration pursuant to Section 2.1(a), the Company shall promptly give written
notice to all other Investors. Such other Investors may, by written notice to
the Company and the Initiating Investor(s), within thirty (30) days of the
Company's notice, elect to join in a request for a Demand Registration pursuant
to Section 2.1(a) above with respect to any number of shares of Registrable
Securities owned by each such Investor. The Company shall include in such Demand
Registration all shares of Registrable Securities for which it has received
written requests to register such shares within thirty (30) days after written
notice of the Demand Registration has been given. The Registrable Securities of
the other Investors being offered in such Demand Registration shall be treated
pari passu with the Registrable Securities of the Initiating Investors for all
purposes, including any underwriter's cutbacks under Section 2.1(e).

       (e) Underwriter's Cutback. If the public offering of Registrable
Securities is to be underwritten and, in the good faith judgment of the managing
underwriter, the inclusion of all the Registrable Securities requested to be
registered pursuant to Section 2.1(d) would interfere with the successful
marketing of such shares of Registrable Securities, the number of shares of
Registrable Securities to be included shall be reduced, and the Registrable
Securities of the Initiating Investors shall be treated pari passu with the
Registrable Securities being offered by all other Investors.

                                       -3-

<PAGE>   4

       (f) Underwriting Requirements. If the Initiating Investors intend to
distribute Registrable Securities covered by their request by means of
underwriting, they shall so advise the Company as part of their request made
pursuant to Subsection 2.1(a). The underwriter will be selected by the Company
and shall be reasonably acceptable to a majority in interest of the Initiating
Investors. In such event, the right of any Investor to include his or her
Registrable Securities in such registration shall be conditioned upon such
Investor's participation in such underwriting and the inclusion of such
Investor's Registrable Securities in the underwriting (unless otherwise mutually
agreed by a majority in interest of the Initiating Investors and such Investor)
to the extent provided therein. All holders proposing to distribute their
securities through such underwriting shall (together with the Company as
provided in Section 3.5 below) enter into an underwriting agreement in customary
form with the underwriter or underwriters selected for such underwriting.

       (g) Limitations. In addition to the limitations provided for above, the
Company shall not be obligated to effect, or take any action to effect, any
registration pursuant to this Section 2.1: (i) during the period starting with
the date sixty (60) days prior to the Company's good faith estimate of the date
of filing of, and ending on a date one hundred eighty (180) days after the
effective date of, any registration subject to Section 2.2 hereof; provided that
the Company is actively employing in good faith reasonable efforts to cause such
registration to become effective; or (ii) if the Initiating Investors propose to
dispose of shares of Registrable Securities which may be immediately registered
on Form S-3 pursuant to a request made pursuant to Section 2.3 below.

   2.2 Piggy-Back Registration.

       (a) Participation. If, at any time following the successful closing of
Company's first registered public offering in the United States of its Stock,
the Company proposes to file a registration statement under the Act with respect
to a public offering in the United States for cash of securities by the Company
for its own account or for the account of any other shareholders other than a
registration statement (i) on Form S-4 or S-8 (or any substitute or successor
form that may be adopted by the Commission), (ii) a registration statement on
any form that does not include substantially the same information as would be
required to be included in a registration statement covering the sale of the
Registrable Securities or a registration in which the only securities being
registered are shares of Stock issuable upon conversion of debt securities that
are also being registered, (iii) for an exchange offer or offering of securities
principally to the Company's existing shareholders or (iv) for a dividend
reinvestment plan, then the Company shall:

           (i) promptly give written notice of such proposed filing to the
Investors before the anticipated filing date of such registration statement,
which notice shall describe the offering; and

           (ii) offer in such notice to the Investors the opportunity, subject
to Section 2.1(b) hereof, to register such number of shares of Registrable
Securities as each such Investor may request in writing within thirty (30) days
following receipt of such notice

                                       -4-

<PAGE>   5

(a "Piggy-Back Registration"). The Company shall, subject to Section 2.2(b)
hereof, use reasonable efforts to cause such Registrable Securities to be
included in such registration.

       (b) Underwriting Requirements. In connection with any offering involving
an underwriting of shares of the Company's Stock, the Company shall not be
required under this Section 2.2 to include any of the Investors' securities in
such underwriting unless they accept the terms of the underwriting as agreed
upon between the Company and the underwriter selected by the Company (or by
other persons entitled to be selected), and then only in such quantity as the
underwriter reasonably determines will not jeopardize the success of the
offering by the Company. If the total amount of securities, including
Registrable Securities requested to be included in such offering, exceeds the
amount of securities that the underwriters determine to be compatible with the
success of the offering, then securities offered for sale by the Company for its
account shall have first priority. Thereafter, the Company shall be required to
include in the offering only that number of Registrable Securities that the
underwriters determine in their sole discretion will not jeopardize the success
of the offering (the securities so included to be a proportioned first to any
holders of rights superior to the rights of the Investors and then pro rata
among the Investors according to the total amount of securities entitled to be
included therein owned by each Investor who desires to participate in the
offering or in such other proportions as shall mutually be agreed to by such
selling Investors).

       (c) Withdrawal. Any Investor may elect to withdraw its request for
inclusion of its Registrable Securities in any registration statement by giving
notice to the Company prior to the effectiveness of such registration statement.
The Company may decline to file a Registration Statement after giving notice to
the Investors, or may withdraw a Registration Statement after filing and after
such notice, but prior to the effectiveness thereof. Such withdrawal by the
Company shall not require the consent of any Investor, provided, however, that
the Company shall promptly notify each Investor in writing of any such action.

   2.3 Form S-3 Registration.

       (a) Request for Registration. In addition to the registration rights
provided in Sections 2.1 and 2.2 hereof, if at any time the Company is eligible
to use Form S-3 (or any successor or similar form) for registration of secondary
sales of securities, any Investor may request in writing that the Company
register all or any portion of such Investor's Registrable Securities on such
form (a "Form S-3 Registration"), any Investor or Investors may deliver a
written request or requests to the Company that the Company effect a Form S-3
Registration. Upon receipt of such a request, the Company shall promptly give
written notice of the proposed Form S-3 Registration to the other Investors and
the Company shall, as soon as practicable, effect such Form S-3 Registration
with regard to the Registrable Securities of any Investor or Investors joining
in such request as soon as practicable. The Company shall not, however, be
obligated to effect any such Form S-3 Registration under this Section 2.3 if:

                                       -5-

<PAGE>   6

           (i) Form S-3 (or any successor or similar form) is not available for
such offering by the Investors;

           (ii) the Investors, together with the holders of any other
Registrable Securities entitled to inclusion in such registration, propose to
sell Registrable Securities at an aggregate anticipated price to the public of
less than $3,000,000;

           (iii) the Company has, within the twelve-month period preceding the
date of such request, already effected two (2) Form S-3 Registrations for the
Investors pursuant to this Section 2.3; or

           (iv) the Company has, within the nine-month period preceding the date
of such request, closed an underwritten public offering of Stock.

       (b) Deferral by Company. Notwithstanding anything in this Section 2.3 to
the contrary, the Company shall not be obligated to prepare, file and cause to
become effective pursuant to this Section 2.3 a registration statement if the
Company furnishes to the Investors requesting a Form S-3 Registration a
certificate signed by an officer of the Company stating that it would be
detrimental to the Company or its shareholders for the Company to comply with
the requested Form S-3 Registration, and it is, therefore, advisable to defer
the filing of the Registration Statement relating thereto. Any such deferral
shall be for a period of not more than one hundred twenty (120) days after the
Company's receipt of the written request for registration pursuant to this
Section 2.3; provided, however, that the Company may not exercise this right
more than two consecutive times with respect to any Form S-3 Registration during
any twelve (12) month period, and that any requested registration deferred, and
not ultimately effected by the Company pursuant to the provisions of this
Section 2.3 shall thereafter not be deemed to be a requested registration for
purposes of the limitation to Form S-3 Registrations provided for above.

   2.4 Delay of Registration. No Investor shall have any right to obtain or seek
an injunction restraining or otherwise delaying any such registration as a
result of any controversy that might arise with respect to the interpretation or
implementation of this Agreement.

   2.5 Suspension Period. Following the effectiveness of any registration
effected pursuant to this Agreement, the Company may, at any time, suspend the
effectiveness of such registration for up to sixty (60) days ("Suspension
Period") by giving notice to the Investors participating in such registration,
if the Company shall have determined that the Company may be required to
disclose any material corporate development, which disclosure may have a
material adverse effect on the Company. Notwithstanding the foregoing, no more
than two Suspension Periods (i.e., 120 days) may occur in succession. The
Company shall use its best efforts to limit the duration and number of any
Suspension Period. Each Investor agrees, upon receipt of any notice from the
Company of a Suspension Period, that the Investor shall forthwith discontinue
any sales of shares covered by the registration until advised in writing by the
Company that the Investor may continue such sales.

                                       -6-

<PAGE>   7

   2.6 Length of Effectiveness. In the case of any registration effected by the
Company pursuant to Section 2.1 or 2.3 of this Agreement, the Company will use
its best efforts to keep such registration effective until the earlier of (i)
twelve (12) months from the date it is declared effective by the Commission,
(ii) such date as all of the Registrable Securities covered by the registration
have been sold, or (iii) such time as the Registrable Securities held by the
Investors can be sold within a given three-month period without compliance with
the registration requirements of the 1933 Act pursuant Rule 144, provided,
however, the Company shall not be required to keep such registration effective
in any period the Company has suspended sales under the Registration Statement
pursuant to Section 2.5 above.

   2.7 Furnish Information. It shall be a condition precedent to the obligations
of the Company to take any action pursuant to this Section 2 with respect to the
Registrable Securities of any selling Investor that such Investor furnish to the
Company such information regarding itself, the Registrable Securities held by
it, and the intended method of distribution of such securities required to
effect the registration of such Investor's Registrable Securities.

   2.8 Termination of Registration Rights. No Investor shall be entitled to
exercise any right provided for in this Section 2 after ten (10) years following
consummation of the Company's first underwritten offering in the United States
of Stock pursuant to a registration filed by the Company under the Act. In
addition, no Investor shall be entitled to exercise any right provided for in
this Section 2 if all Registrable Securities held by such Investor can be sold
in any three (3) month period without registration in compliance with Rule 144
of the Act.

   2.9 Other Registration Rights. Nothing in this Agreement shall prevent the
Company from granting registration rights to others, including rights which are
superior to the rights contained in this Agreement.

3. Registration Procedures. If and whenever the Company is required to register
its Registrable Securities pursuant to this Agreement, the Company will use
commercially reasonable efforts to effect such registration to permit the sale
of such Registrable Securities in accordance with the intended plan of
distribution thereof, and will as promptly as practicable:

   3.1 prepare and file with the Commission a registration statement with
respect to such Registrable Securities, and use its best efforts to cause such
registration statement to become effective, and, upon the request of a majority
of Investors registered thereunder, keep such registration statement effective
for a period of up to one hundred twenty (120) days or until the distribution
contemplated in the registration statement has been completed;

   3.2 prepare and file with the Commission such amendments and supplements to
such registration statement and the prospectus used in connection with such
registration statement as may be necessary to comply with the provisions of the
Act with respect to the disposition of all securities covered by such
registration statement;

                                       -7-

<PAGE>   8

   3.3 furnish to the Investors such numbers of copies of a prospectus,
including a preliminary prospectus, in conformity with the requirements of the
Act, and such other documents as they may reasonably request in order to
facilitate the disposition of Registrable Securities owned by them;

   3.4 use its best efforts to register and qualify the securities covered by
such registration statement under such other securities or Blue Sky laws of such
jurisdictions as shall be reasonably requested by the Investors; provided that
the Company shall not be required in connection therewith or as a condition
thereto to qualify to do business or to file a general consent to service of
process in any such states or jurisdictions;

   3.5 in the event of any underwritten public offering, enter into and perform
its obligations under an underwriting agreement, in usual and customary form,
with the managing underwriter of such offering. Each Investor participating in
such underwriting shall also enter into and perform its obligations under such
an agreement;

   3.6 notify each Investor of Registrable Securities covered by such
registration statement at any time when a prospectus relating thereto is
required to be delivered under the Act of the happening of any event as a result
of which the prospectus included in such registration statement, as then in
effect, includes an untrue statement of a material fact or omits to state a
material fact required to be stated therein or necessary to make the statements
therein not misleading in the light of the circumstances then existing;

   3.7 furnish, at the request of any Investor requesting registration of
Registrable Securities pursuant to this Agreement, on the date that such
Registrable Securities are delivered to the underwriters for sale in connection
with a registration pursuant to this Agreement if such securities are being sold
through underwriters,(i) an opinion, dated such date, of the counsel
representing the Company for the purposes of such registration, in form and
substance as is customarily given to underwriters in an underwritten public
offering, addressed to the underwriters and (ii) a letter dated such date, from
the independent certified public accountants of the Company, in form and
substance as is customarily given by independent certified public accountants to
underwriters in an underwritten public offering, addressed to the underwriters;

   3.8 cause, all such Registrable Securities registered pursuant to such
registration statement to be listed on each securities exchange on which similar
securities issued by the Company are then listed; and

   3.9 provide a transfer agent and registrar for all Registrable Securities
registered pursuant hereunder and a CUSIP number for all such Registrable
Securities, in each case not later than the effective date of such registration.

4. Market Stand-Off. Each Investor hereby agrees that, upon request in
connection with any underwritten registered public offering by the Company, for
a period not to exceed 180 days following the effective date of such
registration statement, they will not directly or indirectly effect any sale,
offer to sell, pledge, make any short sale, or distribution (or enter

                                      -8-

<PAGE>   9

into any agreement to do any of the foregoing) of any securities similar to
those being registered by the Company, or any securities convertible into or
exchangeable or exercisable for such securities, including a sale pursuant to
Rule 144 or 144A under the Act, except for sales included as part of such
registered public offering; provided, however, that such restriction shall apply
only to the first underwritten registration by the Company to become effective
under the Act. Each Investor hereby agrees to enter into "lock-up" agreements
and to execute any ancillary agreements with the underwriter or underwriters, in
customary form, pursuant to which the Investor shall agree not to sell or
distribute such securities. In order to enforce the foregoing covenant, the
Company may impose appropriate stop-transfer instructions with respect to the
shares of Stock held by each Investor.

5. Registration Expenses. The Company shall bear all expenses incurred in
connection with any registrations required by Section 2 including reasonable
expenses and fees of one (1) counsel for all Investors (if counsel for the
Company shall, in the reasonable judgment of the selling Investors, be
unavailable to represent such selling Investors). Notwithstanding the foregoing,
the underwriters' commissions related or attributable to shares of Registrable
Securities sold or incurred in connection with a registration shall be shared by
all Investors whose Registrable Securities are included in such registration,
pro rata, in accordance with the aggregate amount of Registrable Securities sold
by such Investors. The Company also will, in any event, pay its internal
expenses (including, without limitation, all salaries and expenses of its
officers and employees performing legal or accounting duties), the expense of
any annual audit, the fees and expenses incurred in connection with any listing
of the securities to be registered on a securities exchange, and the fees and
expenses of any person, including special experts, retained by the Company.

6. Indemnification. In the event any Registrable Securities are included in a
registration statement:

   6.1 Company Indemnity. The Company will, to the extent permitted by law,
indemnify and hold harmless each Investor and underwriter, if any, against any
losses, claims, damages, or liabilities (joint or several) to which they may
become subject under the 1933 Act, the 1934 Act or any other federal or state
law insofar as such losses, claims, damages or liabilities (or action in respect
thereof) arise out of or are based upon any of the following statements,
omissions or violations (collectively, a "Violation"): (i) any untrue statement
or alleged untrue statement of a material fact contained in such registration
statement, including any preliminary prospectus or final prospectus contained
therein or any amendments or supplements thereto, (ii) the omission or alleged
omission to state therein a material fact to be stated therein, or necessary to
make the statements therein not misleading, or (iii) any Violation or alleged
Violation by the Company of the 1933 Act, the 1934 Act, any state securities law
or any rule or regulation promulgated under the 1933 Act, the 1934 Act, any
state securities law; and the Company will pay to each Investor or underwriter,
as incurred, any legal or other expenses reasonably incurred by them in
connection with investigating or defending such loss, claim, damage, liability
or action; provided, however, that the indemnity agreement contained in this
Section 6.1 shall not apply to amounts paid in settlement of such loss, claim,
damage, liability or action if such settlement is effected without the consent
of the Company (which consent shall not be unreasonably withheld), nor

                                      -9-

<PAGE>   10

shall the Company be liable in any such case for any such loss, claim, damage,
liability, or action to the extent that it arises out of or is based upon a
Violation that occurs in reliance upon and in conformity with written
information furnished expressly for use in connection with such registration by
any such Investor, or underwriter.

   6.2 Investor Indemnity. Each Investor will, to the extent permitted by law,
indemnify and hold harmless the Company, each of its directors, each of its
officers who has signed the registration statement, each person who controls the
Company (within the meaning of the 1933 Act), any underwriter, and any
controlling person of such underwriter against any losses claims damages or
liabilities (joint or several) to which any of the foregoing persons may become
subject under the 1933 Act, the 1934 Act, or other federal or state law insofar
as such losses, claims, damages or liabilities (or action with respect thereto)
arise out of or are based upon any Violation, in each case to the extent (and
only to the extent) that such Violation occurs in reliance upon and in
conformity with written information furnished by such person expressly for use
in connection with such registration; and each such Investor will pay, as
incurred, any legal or other expenses reasonably incurred by any person intended
to be indemnified pursuant to this Section 6.2, in connection with investigating
or defending any such loss, claim, damage, liability or action; provided,
however, that the indemnity agreement contained in this Section 6.2 shall not
apply to amounts paid in settlement of any such loss, claim, damage, liability
or action if such settlement is effected without the consent of the Investor
(which consent shall not be unreasonably withheld), provided, however, that in
no event shall any indemnity under this Section 6.2 exceed the gross proceeds
from the offering received by such Investor.

   6.3 Limitations. If the indemnification provided for in this Section 6 is
held by a court of competent jurisdiction to be unavailable to an indemnified
party with respect to any losses, claims, damages or liabilities referred to
therein, then the indemnifying party, in lieu of indemnifying such indemnified
party hereunder, shall contribute to the amount paid or payable by such
indemnified party as result of such losses, claims, damages or liabilities in
such proportion as is appropriate to reflect the relative fault of the
indemnifying party on the one hand, and of the indemnified party on the other
hand, in connection with the statements or omissions that resulted in such
losses, claims, damages or liabilities as well as any other relevant equitable
considerations. The relative fault of the indemnifying party and of the
indemnified party shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the
omission to state a material fact related to information supplied by the
indemnifying party or by the indemnified party and the parties' relative intent,
knowledge, access to information and opportunity to correct or prevent such
statement or omission.

   6.4 Additional Provisions. Notwithstanding the foregoing, to the extent that
the provisions on indemnification and contribution contained in the underwriting
agreement entered into in connection with the underwritten public offering are
in conflict with the foregoing provisions, the provisions in the underwriting
agreement shall control. The obligations of the Company and the Investors under
this Section 6 shall survive the completion of any offering of Registrable
Securities in a registration statement pursuant to this Agreement.

                                      -10-

<PAGE>   11

7. Miscellaneous

   7.1 Governing Law. This Agreement shall be governed by and construed under
the laws of the British Virgin Islands, without giving effect to the conflicts
of laws principles thereof.

   7.2 Successors and Assigns. The terms and conditions of this Agreement shall
inure to the benefit of and be binding upon the respective successors and
permitted assigns of the parties hereto. The rights to cause the Company to
register Registrable Securities pursuant to this Agreement may be assigned (but
only with all related obligations) by an Investor to a transferee or assignee of
such securities who, after such assignment or transfer, holds at least 5,000,000
shares of Registrable Securities (subject to appropriate adjustment for stock
splits, stock dividends, combinations and other recapitalization) provided:

       (a) the Company is, within a reasonable time after such transfer,
furnished with a written notice of the name and address of such transferee or
assignee and the securities with respect to which such registration rights are
being assigned;

       (b) such transferee or assignee agrees in writing to be bound by and
subject to the terms and conditions of this Agreement, including without
limitation the provisions of Section 4 above; and

       (c) such assignment shall be effective only if immediately following such
transfer the further disposition of such securities by the transferee or
assignee is restricted under the Act. For purposes of determining the number of
shares of Registrable Securities held by a transferee or assignee, the holdings
of transferees and assignees of a partnership who are partners or retired
partners of such partnership (including spouses and ancestors, linear decedents
and siblings of such partners or spouses who acquire Registrable Securities by
gift, will intestate succession) shall be aggregated together with the
partnership; provided that all assignees and transferees who would not qualify
individually for assignment of registration rights shall have a single
attorney-in-fact for the purpose of exercising any rights, receiving notices and
taking any action under this Agreement.

   7.3 Severability. If any provisions of this Agreement, or the application
thereof, shall for any reason and to any extent be invalid or unenforceable, the
remainder of this Agreement and application of such provision to other persons
or circumstances shall be interpreted so as best to reasonably effect the intent
of the parties hereto. The parties further agree to replace such void or
unenforceable provision of this Agreement with a valid and enforceable provision
which will achieve, to the extent possible, the economic, business and other
purposes of the void or unenforceable provision.

   7.4 Entire Agreement. This Agreement, the exhibits hereto, and the documents
referenced herein and exhibits thereto, constitute the entire understanding and
agreement of the parties hereto with respect to the subject matter hereof and
thereof and supersede all prior and contemporaneous agreements or
understandings, inducements or conditions, express or implied, written or oral,
among the parties with respect hereto and thereto. The express

                                      -11-

<PAGE>   12

terms hereof of this Agreement control and supersede any course of performance
or usage of the trade inconsistent with any of the terms hereof.

   7.5 Amendment and Waivers. Any term or provision of this Agreement may be
amended, and the observance of any term of this Agreement may be waived (either
generally or in a particular instance and either retroactively or prospectively)
only by a writing signed by the Company and the holders of at least fifty
percent (50%) of the Registrable Securities held by the Investors. Any amendment
or waiver effective in accordance with this paragraph shall be binding upon each
holder of any Registrable Securities then outstanding, each future holder of all
Registrable Securities and the Company. Additional holders of the Company's
existing and future series of preference shares or the ordinary shares issuable
or issued upon conversion thereof may be admitted as Investors under this
Agreement at the sole discretion of the Company. Shares held by investors who
are admitted shall be entitled to the same benefits and burdens as if issued to
the Investors hereunder and the ordinary shares issued or issuable upon
conversion of the preference shares issued to the new investors shall be
Registrable Securities and such new investors shall be deemed to be "Investors"
for all purposes hereunder.

   7.6 Notices. All notices, requests, consents and other communications
required or permitted hereunder shall be in writing and shall be delivered, or
mailed first-class postage prepaid, registered or certified mail,

               If to the Company      c/o Union-Transport Services
                                      19443 Laurel Park Road, Suite 107
                                      Rancho Dominguez, California 90220-6043
                                      Facsimile: (310) 604-1357
                                      Attention: Roger I. MacFarlane

               with a copy to:        Paul, Hastings, Janofsky & Walker LLP
                                      695 Town Center Drive, Seventeenth Floor
                                      Costa Mesa, California  92626-1924
                                      Facsimile: (714) 979-1921
                                      Attention: Stephen D. Cooke, Esq.

               If to any Investor:    To the address shown on the signature
                                      page hereto, or to such other address as
                                      such Investor may specifiy by written
                                      notice to the Company.

Such communications shall be deemed given and effective when they are received
by the addressee thereof; but if sent by certified mail in the manner set forth
above, they shall be deemed given and effective three (3) days after being
deposited in the United States mail. Any party may change its address for such
communications by giving notice thereof to the other parties in conformity with
this Section 7.6.

                                      -12-

<PAGE>   13

   7.7 Titles and Subtitles. The titles and subtitles used in this Agreement are
used for convenience only and are not to be considered in construing or
interpreting this Agreement.

   7.8 Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be an original as against any party whose
signature appears thereon, and all of which together shall constitute one and
the same instrument.

   7.9 Attorneys' Fees. In the event of any arbitration or other dispute related
to or based upon this Agreement, the prevailing party shall be entitled to
recover from the other party its reasonable attorneys' fees and costs.

                            [signature page follows]

                                      -13-

<PAGE>   14

                [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

     IN WITNESS WHEREOF, this Agreement is hereby executed as of the date first
above written.

"COMPANY"                        UTi WORLDWIDE INC.,
                                 a British Virgin Islands corporation

                                 By: /s/ J. Simon Stubbings
                                     -------------------------------
                                 Name:   J. Simon Stubbings
                                 Title:  Authorized Director

                                 By: /s/ Roger I. MacFarlane
                                     --------------------------------
                                 Name:   Roger I. MacFarlane
                                 Title:  Chief Executive Officer

"INVESTORS"                      PTR HOLDINGS INC.

                                 By: /s/ Matthys J. Wessels
                                     -------------------------------
                                 Name:   Matthys J. Wessels
                                 Title:  Authorized Officer
                                 Address:    c/o Union-Transport Services
                                             19443 Laurel Park Road, Suite 107
                                             Rancho Dominguez, California
                                             90220

                                 UNION-TRANSPORT HOLDINGS INC.

                                 By: /s/ Roger I. MacFarlane
                                     --------------------------------
                                 Name:   Roger I. MacFarlane
                                 Title:  Authorized Officer
                                 Address:    c/o Union-Transport Services
                                             19443 Laurel Park Road, Suite 107
                                             Rancho Dominguez, California
                                             90220<PAGE>   1

                                                                    EXHIBIT 10.9

                                    Business
                              Partnership Agreement

                                     between

                               Lufthansa Cargo AGI
                              ("Lufthansa Cargo")

                                       and

                                UNION - Transport
                                    ("UNION")

                          Frankfurt, November 15, 1999

<PAGE>   2

Contents
--------

1.          THE UNDERLYING PHILOSOPHY
2.          MAIN PRINCIPLES OF BUSINESS PARTNERSHIP
3.          FIELDS OF PARTNERSHIP
3.1         COMMUNICATION BETWEEN THE PARTNERS
3.2         QUALITY MANAGEMENT
3.3         INFORMATION TECHNOLOGY
3.4         OPERATIONAL PROCESSES
3.5         SERVICES AND PRICING
3.6         CAPACITY ACCESS
3.7         BRANDING AND JOINT LOGO
3.8         MARKETING / COMMUNICATION
3.9         SALES SUPPORT
3.10        GLOBAL RECOGNITION
3.11        HUMAN RESOURCES
3.12        INVOICING
3.13        ENVIRONMENTAL POLICY
3.14        CAPACITY PLANNING
3.15        SALES TARGETS AND GLOBAL INCENTIVE
3.16        IMPLEMENTATION AND MONITORING
4.          MISCELLANEOUS
5.          LIABILITY
6.          VALIDITY AND DURATION
7.          GENERAL TERMS
7.1         CONFIDENTIALITY
7.2         TERMINATION
7.3         SEVERABILITY
7.4         COSTS AND EXPENSES
7.5         NOTICES
7.6         ENTIRE AGREEMENT AND VARIATION
7.8         GOVERNMENTAL LAW AND JURISDICTION

ATTACHMENTS 1 - 6

               Lufthansa Cargo Business Partnership Program               Page 2

<PAGE>   3

1. THE UNDERLYING PHILOSOPHY

UNION and Lufthansa Cargo ("The Partners") recognize the necessity for a more
innovative and broader-based approach to their mutual business interests.

Global market structures in the transportation industry are changing radically:

o    The production networks of customers are becoming more and more global and
     therefore require a more globalized and individualized response from their
     logistics partners

o    Concentration and specialization within customers' and agents' industries
     will continue and within both is a clear trend to shortlist suppliers

o    Customers are requesting better services at lower cost - and a new quality
     in the supply chain in terms of logistic solutions

o    Information technology is becoming a key success factor

o    Integrators are increasing competitive pressure by investing in innovative
     processes and services, thus forcing airlines and forwarders to think in
     new directions

At the same time airlines and freight forwarders have to realize that their
joint efforts do not produce results that are up to the expectations of the
shipper and consignee. Findings of the CARGO 2000 working group clearly prove
that the transportation chain of airline and freight forwarder is organized
sub-optimally.

Addressing these developments, the Partners express their intention to go beyond
the traditional definitions of airline and freight-forwarder roles for the
purpose of modernising the overall process and for access to new cost saving
potentials and product/service improvements. Many of these potentials are only
achievable if jointly addressed and worked upon. Since this cannot be
accomplished throughout all present business relations, it implies on both sides
a concentration on fewer partners with a much more intense relationship.

In view of this background the Partners agree that the present IATA Agency
Agreement should no longer serve as the only basis for joint business efforts.
The understanding of a future-oriented "Business Partnership" is laid down in
this Agreement ("the Business Partnership Agreement"). It is designed to open up
new areas of cooperation and to intensify the relationship over and above the
standard IATA Agreement.

By means of a new understanding between the Partners with well-defined goals and
responsibilities, the Partners will be able to better satisfy the needs of their
customers and will achieve unique selling propositions resulting in faster
growth and higher profits.

               Lufthansa Cargo Business Partnership Program               Page 3

<PAGE>   4

In concluding this Agreement the Partners are creating the basis for this new
Partnership with the aim to act in new directions:

2. MAIN PRINCIPLES OF BUSINESS PARTNERSHIP

The Partners agree to work closer together for the benefit of all parties
involved.

BENEFITS FOR CUSTOMERS:

o    Better adaptation to needs and requirements

o    More customized logistic solutions for whole transportation chain

o    Higher transparency of transportation chain

o    Integrated/synchronised information/communication systems for complete
     order processing and logistic chain

o    Better reliability and continuity

o    Better value proposition

BENEFITS FOR UNION:

o    Joint training programme

o    Guidelines of joint sales

o    Participation in Lufthansa Cargo's network - potentially including its
     alliance Partners at a later point of time, thus increasing global presence
     and availability of UNION

o    Special conditions for Guaranteed Capacity Agreements

o    Global recognition within Lufthansa Cargo's organization

o    Preferential access to capacity

o    Preferential access to Lufthansa Cargo's expertise

o    Preferential service and marketing support by Lufthansa Cargo

o    Dedicated telephone access offering preferential attention wherever
     appropriate

o    Participation in Lufthansa Cargo's network planning process

o    Improved interfaces/processes through coordinated investment in
     IT-solutions

o    More efficient transportation processes through coordination, harmonization
     and standardisation

o    Environmentally responsible airline as supplier for air freight services

o    Higher market shares

o    Preferential information policy

BENEFITS FOR LUFTHANSA CARGO:

o    Better knowledge of and faster adaptation to market requirements

o    Joint planning and sales targets help to exploit market potential to the
     full extent

o    Preferred carrier status and higher carrier share with UNION

o    Improved interfaces/processes through coordinated investment in EDP

               Lufthansa Cargo Business Partnership Program               Page 4

<PAGE>   5

o    More efficient processes through coordination, harmonization and
     standardisation

o    Coordinated quality standards

o    Higher visibility of Lufthansa Cargo's contribution and reduced
     exchangeability within logistic solutions

The fields of Partnership between the Partners include joint planning, joint
sales targets, communication and information exchange, quality management,
optimization of interfaces and processes, development and promotion of joint
products/services, training of personnel, information technology, joint
branding, marketing and general communication, environmental policy. Other
fields of cooperation may be added at any time if both Partners wish to do so.
The Partners agree, that organizational arrangements will be in place to support
such a Partnership.

Lufthansa Cargo has developed a system of different types of Business
Partnerships. Depending on the structure of UNION as well as on the progress
towards mutual integration different levels of Partnership may be achieved.
UNION and Lufthansa Cargo agree that their relationship shall start immediately
with the category, "Global Partner". Should the Partnership prove to be
successful under this Agreement, the Partners may upgrade their Partnership to a
higher degree of cooperation.

THERE WILL BE DIFFERENT TYPES OF PARTNERSHIPS DEPENDING ON THE SPECIFIC
STRUCTURE OF THE INDIVIDUAL PARTNER AND ON THE DEGREE OF INTEGRATION.

                                    [CHART]

               Lufthansa Cargo Business Partnership Program               Page 5

<PAGE>   6

Although this Partnership is not proposed and may not be construed as exclusive,
the Partners intend to keep the number of their own individual Partners
reasonably limited.

Lufthansa Cargo will organize an annual "Business Partner Event" in order to
strengthen the dialogue among the Partners and with Lufthansa Cargo's top
management.

3. FIELDS OF PARTNERSHIP

3.1 COMMUNICATION BETWEEN THE PARTNERS

The Partners agree to appoint special Partnership contacts. A designated
"Partnership Manager" on each side is responsible for the overall Partnership
and serves as the prime contact. These "Partnership Managers" have decision
making authority to support the Partnership in the respective organizations.
Their tasks include:

o    Responsibility for success of the Partnership

o    Implementation of Partnership within the Partner's own organization

o    Monitoring, performance measurement and benchmarking

o    Initializing adjustments and corrective actions

o    Initializing projects for joint cost reduction by redesigning of processes

o    Development and improvement of the Partnership

o    Joint strategic planning

o    Pro-active exchange of information on market developments, new products and
     internal changes

Both "Partnership Managers" will meet on a regular basis, at least four times
per year, and review the Partnership.

The following have been appointed as "Partnership Managers":

UNION:                                       LUFTHANSA CARGO:

Peter Thorrington                            Georg Midunsky
Chief Executive                              VP USA, Canada and Mexico
19443 Laurel Park Road, Suite 107            3400 Peachtree Road NE
Rancho Dominguez                             Lenox Towers, Suite 1225
California 90220-6043                        Atlanta, Georgia 30326

USA                                          USA

Phone +1 (310) 604-3311-210                  Phone +1 (404)-814-5310
Fax +1 (310) 604-8411                        Fax +1 (404)-814-5300
E-mail pthorrington@unitrans.com             E-mail Georg.Midunsky@dlh.de

               Lufthansa Cargo Business Partnership Program               Page 6

<PAGE>   7

Lufthansa Cargo will support their Partnership Manager with a dedicated "Team
Captain UNION" who will manage the Partnership on a day-to-day basis.

Furthermore the Partners will nominate "Regional Partnership Managers" for the
implementation of the Partnership in jointly determined geographical areas.
These "Regional Partnership Managers" are responsible for practicing and
improving the Partnership locally by:

o    Joint planning

o    Joint sales targets

o    Joint actions to reach targets including marketing and communication

o    Joint sales meetings with regional sales teams

o    Joint quality standards and quality groups

o    Implementation of special communications between Lufthansa Cargo's ASCs
     (Account Service Center) and UNION offices according to local preferences

o    Cross-training of staff of local Partner office

Meetings are held between the "Regional Partnership Managers" at least four
times per year to communicate performance evaluation and future goals. These
meetings will also be used to discover and discuss local cost reduction and
business opportunities.

3.2 QUALITY MANAGEMENT

Since quality is of the utmost importance, the Partners are committed to their
service standards. The Partners seek to coordinate their respective service
standards.

To this end the Partners will achieve:

o    Quality parameters to measure the quality of joint services (proposed dual
     scorecard is laid down in Attachment 2)

o    The completition of ISO 9002 certification by December 31st, 2000.

o    Monthly reporting

o    Quality improvement program based on results of performance reviews

o    Regular training and seminars conducted by both Partners ensuring necessary
     adjustments to market needs

o    Regular direct communication between Quality Groups and Managers

3.3 INFORMATION TECHNOLOGY

The Partners agree that information technology plays a key role within the
Partnership based on the mutual understanding that providing information is an
integral part of the joint product. Therefore the Partners agree to link their
IT-systems in an appropriate and efficient manner to reflect the transportation
chain informationwise.

               Lufthansa Cargo Business Partnership Program               Page 7

<PAGE>   8

The Partners will define data processing standards centrally and coordinate with
each other to improve and secure agreed procedures:

o    Barcode labeling (according to IATA resolution 606) and scanning

o    Electronic data interchange (EDI) according to IATA-Cargo IMP-standards

o    Electronic Air Waybill (FWB) as standard procedure until December 31, 2000

3.4 OPERATIONAL PROCESSES

Lufthansa Cargo and UNION seek to optimize their operational processes in terms
of time, quality and costs by analyzing the complete shipment cycle from
door-to-door instead of looking at their respective sub-processes only. The
Partners will seek to build on the results of the CARGO 2000 initiative of IATA.

The Partners will nominate managers responsible for the redesign of processes.

3.5 SERVICES AND PRICING

Lufthansa Cargo offers a portfolio of the distinct and defined services: td.Pro,
td.X, and td.Flash.

These new services are determined by time-definite transportation times and
other innovative features. The standard-portfolio will be complemented by
"options", which may be offered in combination with the new services of
Lufthansa Cargo to meet special customer requirements.

Within the given price-structure determined by the different services and
options pricing as well as incentives will be agreed upon locally.

UNION will support and market Lufthansa Cargo's new services as an innovative
solution to the shippers' need for time definite logistics.

The Partners will develop joint services and special logistics solutions
including joint presentations to customers. It may also include the definition
of time-definite time-frames for door-to-door transportation. Industry-specific
solutions may thereafter supplement both Partners' service-portfolio.

For marketing purposes a product-brandname for such jointly developed products
may be agreed upon.

3.6 CAPACITY ACCESS

Lufthansa Cargo will give UNION preferential access to capacity on Lufthansa
Cargo's network.

               Lufthansa Cargo Business Partnership Program               Page 8

<PAGE>   9

This will comprise special terms for GCAs (Guaranteed Capacity Agreements),
preferred treatment of booking requests and automized recognition at our Call
Centers.

3.7 BRANDING AND JOINT LOGO

Each Partner has a strong and well established brand, indicating its capability
to serve the market with high quality services. The Partners believe that a
joint, dedicated logo, as shown in Attachment 3, will improve awareness and
visibility of the Partnership in the market. The use of such a joint logo is in
each case subject to the consent of the Partners and is limited to the duration
of this Agreement.

This joint logo may be used in marketing material (Attachment 4),
advertisements, time-tables, general marketing communication etc. only within
the framework of this Agreement. In no event shall the joint logo be used in
legally binding documents without the prior consent of the other Partner.

Any use of the application of the joint logo has to convey to the Business
Partnership Program Design Guide by Lufthansa Cargo.

Other use of any Partner's logos and brands is subject to the prior written
consent of the other Partner.

3.8 MARKETING/COMMUNICATION

The Partners will jointly develop a "Marketing Masterplan" in order to support
and secure their sales targets. This masterplan will determine all activities as
well as the respective financing.

The Partners agree to include UNION as a Partner in Lufthansa Cargo's Internet
web site with a hyperlink to UNION's web site and vice versa.

UNION agrees to include presentations of Lufthansa Cargo's products and services
in UNION's sales meetings whenever it is appropriate.

3.9 SALES SUPPORT

The Partners will apply joint sales calls towards the shipper /consignee and
tripartite contracts as a common sales tool whenever appropriate (Attachment 6:
Guidelines of Joint Sales). The Partners believe that such a joint sales
approach will strengthen their competitiveness by supporting their credibility
with the shipper/consignee in regard to jointly performed services.

Lufthansa Cargo will support UNION in developing competitive proposals for
tenders.

              Lufthansa Cargo Business Partnership Program                Page 9

<PAGE>   10

Lufthansa Cargo will provide UNION with standardized marketing/sales material of
Lufthansa Cargo in order to support UNION's sales efforts.

Lufthansa Cargo will support joint sales activities by giving access to reduced
tickets on the network of Lufthansa German Airlines to the extent agreed upon by
both Partners.

Lufthansa Cargo will support joint sales activities by providing travel
privileges with Lufthansa German Airlines in form of status cards to the
top-management of UNION if agreed upon by both Partners.

3.10 GLOBAL RECOGNITION

UNION will enjoy global recognition of being a Global Partner throughout the
organization of Lufthansa Cargo.

This recognition may comprise access to the Lufthansa Cargo incentive scheme
"New Partner PLUS" as well as support for cooperating with other Global Partners
of the Business Partnership Program. Preferential access to capacity will be
granted to UNION on a global scale following the phased introduction of the new
capacity management system.

3.11 HUMAN RESOURCES

Cross-training on the local level will give employees of the Partners a better
understanding of the Partner's specifics in doing business and enable them to
search for pragmatic approaches to optimize interfaces with the Partner within
the area of their responsibility. Such joint trainings shall accomplish that
every employee feels not only responsible for his own company's operation, but
for the success of the whole transportation chain.

Lufthansa Cargo will offer UNION preferential access to training courses being
conducted in the Lufthansa training center at Seeheim at standard prices

(Attachment 5.- Training with Global Partners). The Partners will discuss
inhouse training courses for UNION.

3.12 INVOICING

The Partners aim to reduce the cost and time required for invoicing and to turn
this topic into a competitive advantage of jointly performed services.

              Lufthansa Cargo Business Partnership Program               Page 10

<PAGE>   11

3.13 ENVIRONMENTAL POLICY

The Partners acknowledge their responsibility to conduct business in a manner
that is balanced with the requirements of our environment. Therefore,
environmental protection is an integral part of quality management.

The Business Partnership Program will help the Partners to minimize the use of
natural resources, since its goal is to eliminate inefficiencies in the
transportation cycle of forwarder and airline.

The Partners will facilitate contacts of their Environmental Managers who will
exchange ideas on how to reduce the impact of their companies on the
environment. They will report annually to the Partnership Managers about the
progress of their work.

3.14 CAPACITY PLANNING

The Partners participate in preparing each other's long-term planning by
exchanging capacity requirements and business ideas. Moreover, the Partners will
try to coordinate their planning processes.

3.15 SALES TARGETS AND GLOBAL INCENTIVE

Lufthansa Cargo and UNION feel that the implementation of the Business
Partnership Agreement will result in an improved value proposition for the
shipper/consignee. Subsequently, both Partners expect to attract more business.

Therefore, Lufthansa Cargo and UNION will determine jointly ambitious sales
targets for their combined services. These targets will be monitored on a
monthly basis by the Partnership Managers. Lufthansa Cargo will offer an annual
global incentive agreement to UNION that will grant UNION benefits depending on
the growth rate of the joint business of UNION and Lufthansa Cargo

3.16 IMPLEMENTATION/PERFORMANCE MONITORING

The Partners Managers will prepare a detailed implementation plan within 90 days
of the conclusion of this agreement, defining working groups, milestones and
targets (Attachment 1). They will then monitor closely the progress of the
implementation of the Business Partnership between UNION and Lufthansa Cargo and
exchange reports between them on a quarterly basis.

4. MISCELLANEOUS

The "Lufthansa Cargo Business Partnership Program" constitutes a new concept of
cooperation. However, the Partnership should by no means be interpreted as a
legal entity or a means of generally procuring special pricing Agreements,
incentives etc.

              Lufthansa Cargo Business Partnership Program               Page 11

<PAGE>   12

Lufthansa Cargo foresees to enhance this Business Partnership Program by adding
benefits on Lufthansa Cargo's alliance-Partners network. Lufthansa Cargo will
update UNION regularly on these developments.

5. LIABILITY

Lufthansa Cargo shall not be liable for any claims of whatever nature resulting
from any act or omission of Lufthansa Cargo under this Agreement which may arise
against UNION, except if such act or omission is due to wilful misconduct of
Lufthansa Cargo. This Agreement does not constitute any liability, warranty or
any other responsibility of Lufthansa Cargo unless expressively stated herein.

Any carriage of cargo is subject to all applicable laws, government regulations,
orders and requirements as well as the published Lufthansa Cargo tariffs, rules,
general conditions of carriage, conditions of contract and timetables in force
at the time of acceptance. This includes the rules relating to the completion of
the air waybill and other documents and the limitation of carrier' s liability.

Such liability shall not be effected by this Agreement.

6. VALIDITY AND DURATION

This Agreement shall be effective as of November 15th, 1999 and shall be valid
thereafter.

7. GENERAL TERMS

7.1 CONFIDENTIALITY

The parties acknowledge that this Agreement contains commercially sensitive
information and agree to keep the entire contents of this Agreement
confidential. No disclosures to any third Parties shall be made without the
prior written consent of the other Partner unless required by law.

7.2 TERMINATION

Either Partner shall have the right to terminate this Partnership Agreement with
effect for the respective calendar year by serving at least 60 (sixty) days
written notice on the other Partner.

Regardless of the aforestated, either Partner shall at all times have the right
to terminate this Partnership Agreement with immediate effect by serving written
notice on the other Partner within three months of its first becoming aware of
the occurrence and continuation of any of the following events:

              Lufthansa Cargo Business Partnership Program               Page 12

<PAGE>   13

a)   an insolvency event in respect of the other Partner

b)   a change of control in respect of the other Partner: Except in case of
     public distribution of the other Partner's shares, provided the
     distributing Partner has given prior written notice of such intended public
     distribution to the other Partner:

     or

c)   a material breach of obligations hereunder by the other Partner

Upon termination of this Agreement, all confidential information, including any
copies thereof made by the receiving Partner, must be returned to the disclosing
Partner or destroyed.

7.3 SEVERABILITY

In the event that any one or more of the provisions of this Agreement shall be
determined to be invalid, unenforceable or illegal, it shall not affect any
other provision of this Agreement. In such event, the Partners shall seek to
replace the invalid, unenforceable or illegal provision with an effective
provision which comes as close as possible in economic effect to the original
intention of the Partners. The same applies in case of omissions not intended by
the Partners.

7.4 COSTS AND EXPENSES

Unless otherwise stated in this Partnership Agreement, each Partner shall pay
its own costs and expenses in relation to the negotiation, preparation,
execution and carrying into effect of this Partnership Agreement and other
Agreements forming part of the Partnership.

7.5 NOTICES

Addresses
Notices, demands, consents, approvals and any other communication required or
permitted under this Agreement shall be in writing and given to the following
addresses (or such other address as the relevant Partner may notify to the other
Partner in writing for the purposes of this Partnership Agreement):

UNION:                                       LUFTHANSA CARGO:

Peter Thorrington                            Georg Midunsky
Chief Executive                              VP USA, Canada and Mexico
19443 Laurel Park Road, Suite 107            3400 Peachtree Road NE
Rancho Dominguez                             Lenox Towers, Suite 1225
California 90220-6043                        Atlanta, Georgia 30326

USA                                          USA

Phone +1 (310) 604-3311-210                  Phone +1 (404) -814-5310
Fax +1 (310) 604-8411                        Fax +1 (404)-814-5300
E-mail pthorrington@unitrans.com             E-mail Georg.Midunsky@dlh.de

              Lufthansa Cargo Business Partnership Program               Page 13

<PAGE>   14

7.6 ENTIRE AGREEMENT AND VARIATION

This Partnership Agreement (together with eventually any Implementing
Agreements) constitutes the entire Agreement between the Partners relating to
the Partnership and, save to the extent repeated in or expressly preserved by
this Partnership Agreement, supersedes and excludes any prior drafts,
Agreements, undertakings, representations, warranties and arrangements of any
nature whatsoever, whether or not in writing, relating to the Partnership. Any
Agreement existing between the Partners at the time of this Partnership
Agreement coming into force, shall not be affected unless it is otherwise agreed
in separate writing between the Partners.

Annexes and Attachments to this Agreement are integral parts thereof, and shall
have the same force and effect as if included in the body of the Partnership
Agreement.

Additions, modifications, extensions, prolongations, such as side-letters and
appendices may be attached only if in writing and agreed upon and signed by both
parties. Such amendments will not influence the duration of this Agreement the
Partners.

7.7 DISPUTE RESOLUTION

Any dispute or claim concerning the validity, scope, meaning, composition or
effect of this Agreement or arising therefrom shall be settled between the
Partners by friendly consultation. The Partners shall - if deemed necessary -
involve their respective Chief Executive Officers in the settlement of such
disputes.

7.8 GOVERNMENTAL LAW AND JURISDICTION

This Agreement shall be subject to, and construed exclusively in accordance
with, the existing laws of the Federal Republic of Germany. The only and
exclusive place of jurisdiction for any legal action that should arise out of,
or in connection with this Agreement shall be Frankfurt/Main, Germany.

              Lufthansa Cargo Business Partnership Program               Page 14

<PAGE>   15

Frankfurt, November 15th, 1999

FOR                                              FOR
LUFTHANSA CARGO AG:                              UNION - TRANSPORT:

/s/ STEFAN LAUER                                 /s/ PETER THORRINGTON
-------------------------------                  -------------------------------
Stefan Lauer                                     Peter Thorrington
Member of the Executive Board                    Chief Executive, Europe

/s/ JOACHIM HAAS                                 /s/ DIETER KRAUS
-------------------------------                  -------------------------------
Joachim Haas                                     Dieter Kraus
Senior VP partner, Sales & Alliances             Executive Vice President

ATTACHMENT 1

IMPLEMENTATION PLAN:

Contents of Implementation Plan (1)      To be defined

Area of cooperation                      o   Countries to be focused on in the
                                             first step
1. Geographical scope of agreement       o   Nominate "Team Captain UNION"
                                             at Lufthansa Cargo
2. Organizational structure              o   Nominate Regional Partnership
                                             Managers
                                         o   Name contact persons for all
                                             involved staff functions
                                             participating in the fields of
                                             cooperation

              Lufthansa Cargo Business Partnership Program               Page 15

<PAGE>   16

3. Joint sales                           o   Set up global sales target
                                         o   Agree on guidelines of joint sales
                                         o   Prepare SWOT-Analysis of joint
                                             activities per market
                                         o   Define familiarization plan for
                                             sales forces
                                         o   Define target number of tripartite
                                             sales calls
                                         o   Split global sales target into
                                             country targets

4. Quality Management                    o   Agree on criteria for measuring
                                             quality of combined services (dual
                                             scorecard)
                                         o   Agree on target thresholds
                                         o   Compare quality philosophies of
                                             Partners and discuss harmonization

5. Information Technology                o   Define areas of mutual interest
                                         o   Work out implementation schedule
                                             for individual areas

6. Operational processes                 o   Define processes/areas to be
                                             analyzed
                                         o   Determine study/project milestones

7. Joint services                        o   Gain mutual understanding of
                                             respective range of services
                                             (products)
                                         o   Evaluate opportunities for
                                             combining services of UNION and
                                             Lufthansa Cargo into integrated
                                             door-to-door solutions

8. Branding/Marketing                    o   Define areas of usage of joint logo
                                             (Design Guidelines)
                                         o   Develop joint Marketing
                                             Masterplan

9. Sales Support                         o   Determine demand of UNION sales
                                             force for Lufthansa Cargo
                                             marketing material
                                         o   Facilitate joint sales approaches
                                             and tripartite contracts

              Lufthansa Cargo Business Partnership Program               Page 16

<PAGE>   17

10. Global Recognition                   o   Define strategic growth markets for
                                             which UNION seeks support from
                                             Lufthansa Cargo
                                         o   Identify potential areas of
                                             "Recognition"
                                         o   Agree on scope and milestones for
                                             implementation
11. Human resources                      o   Evaluate opportunities for joint
                                             training
                                         o   Determine plan for cross-training
                                             of personnel of Partners
12. Invoicing                            o   Prepare situation analysis
                                         o   Define areas of potential
                                             improvement
                                         o   Set targets and milestones
13. Environmental Policy                 o   Prepare status report of activities
                                             and current goals
                                         o   Define joint projects including
                                             milestones
14. Capacity planning                    o   Compare planning processes
                                         o   Identify potential interfaces
                                             between planning processes and
                                             determine planning stages at which
                                             information should be exchanged
                                         o   Determine participation in
                                             preparation of Lufthansa Cargo's
                                             regional Market Conferences

              Lufthansa Cargo Business Partnership Program               Page 17

<PAGE>   18

ATTACHMENT 2

JOINT PERFORMANCE MONITORING WITH OUR GLOBAL PARTNERS DUAL SCORECARD - QUALITY
PARAMETERS

All "GP" parameters are meant to indicate the Global Partners' performance and
will be monitored by LH Cargo. On the contrary, all "LH" parameters are meant to
indicate LH Cargo's performance and should be monitored by the Global Partners.

GLOBAL PARTNERS' QUALITY PARAMETERS:

o   GP 1:   FWB share
            DEF.: Percentage of AWBs. sent via Taxon in relation to total number
            of AWBs.

o   GP 2:   BOOKING DATA AVAILABLE AT TIME OF ACCEPTANCE
            DEF.: Percentage of local export shipments where a
            booking exists for each segment before time of goods
            acceptance at LH Cargo
            IT WILL BE CHECKED WHETHER A BOOKING FOR ALL LEGS OF A SHIPMENT
            EXISTS (YES/NO).
            SINCE A LOW PERCENTAGE OF THIS PARAMETER COULD BE CAUSED EITHER BY
            LH CARGO OR THE GLOBAL PARTNER, THIS PARAMETER SHOULD BE CONSIDERED
            AS A TOOL TO IMPROVE THE PROCESS.

o   GP 3:   SHIPMENTS READY FOR CARRIAGE.
            DEF.: Percentage of shipments "ready for carriage" according to IATA
            regulations

THIS PARAMETER COMPRISES PER DEFINITION BARCODE LABELING AS WELL AS CHECKING THE
DIMS, THE VOLUME, NUMBER OF PIECES ETC. THE DIFFERENT ASPECTS OF THIS PARAMETER
ARE CHECKED MANUALLY AS FOLLOWS:

            Shipment was ready for carriage and documents correspond to goods
            Hand over of shipment in time in accordance with the agreed
            acceptance time
            Each piece was marked with a barcode label
            The booking data corresponds to the actual shipment data

              Lufthansa Cargo Business Partnership Program               Page 18

<PAGE>   19

Attachment 2 (continued)

LH CARGO'S QUALITY PARAMETERS:

LH 1:       td.shipments in-time
DEF.:       Percentage of td.shipments ready for delivery within the
            promised time frame. This parameter checks to which
            extend the Time of Availability is kept. Time of
            Availability (TOA) is the time of availability of
            shipment and AWB ready for customs clearance at final
            destination.

The internal trigger for monitoring is the "Notified Status" in the LH Cargo
Mosaik system. This status is set after the freight forwarder has been notified
by email, fax, telephone call or message in the respective message box.

LH 2:       General cargo in-time ("arrived as promised")
DEF.:       Percentage of shipments with the last leg "flown as booked" and
            arrived within 30 minutes after STA.

LH 3:       Quality of Status Messages
Def.:       Number of status messages sent by LH Cargo compared to
            total number of status messages LH Cargo was supposed to
            sent to the Global Partner. According to FG/P the
            following status messages are monitored by LH Cargo and
            can be provided to the Global Partner:
- RCF       check in
- BKD       booked
- OFL       offloaded
- TFD       transferred
- DLV       delivered
- DEP       departed
FX/A agrees with all Global Partners which status messages should be sent. This
parameter will be defined by the Global Partner "Message Working Group".

1.2 Responsibilities & Timelines
The monitoring will be done on a monthly basis.
LH Cargo provides the data for the "GP quality parameters" until the 15th of
each following month to the central quality department.
The Global Partner provides LH Cargo with the "LH quality parameters" (if
available) until the 15th of each following month.
The central LH Cargo quality department consolidates the data for the 6
parameters into the "Standard Performance Scorecard" until the 30th of each
following month.
If the Global Partner cannot monitor the parameters LH1 and LH 2 currently, LH
Cargo could provide the respective data from their monitoring system.

              Lufthansa Cargo Business Partnership Program               Page 19

<PAGE>   20

Attachment 3 Joint Logo:

[graphic]

In connection with logo of UNION

[graphic]

              Lufthansa Cargo Business Partnership Program               Page 20
<PAGE>   21

Attachment 4

Marketing Material with  Joint Logo
1.     Weatherproof outdoor signs:                       Approx. 400 DM / pc
       100 cm x 100 cm
2.     Smaller pins:                                     Approx. 200 DM / pc
       70 cm x 100 cm
3.     High quality poster (not paper):                  Approx. 150 DM / pc
       70 cm x 100 cm
3.     Mugs                                              Approx. 7.50 DM / pc
4.     Pins                                              Approx. 2.00 DM / pc

Prices depend on order volume.

              Lufthansa Cargo Business Partnership Program               Page 21

<PAGE>   22

Attachment 5

Lufthansa Cargo
Business Partnership Program
Training with Global Partners

Business Partnerships will be brought to life by people

The Business Partnership Programd focuses on integrated actions based on trust
in order to fulfil customer needs. A prerequisite for virtually integrated
solutions is that Global Partners and Lufthansa Cargo interweave their
abilities. Thanks to this close co-operation and integration the efficiency of
the entire transport cycle will be improved and ensures convincing benefits for
our joint air freight customers.

Why joint training?
Building a partnership is a process of acting and learning jointly over time. To
learn in a partnership, concerns both: individuals and corporations.
The success of a strategic partnership depends to a large extent on mutual trust
and team building. Effective co-operation across many different cultures as well
as an understanding of the major business functions and their integration at the
partner's corporation are cornerstones of a successful partnership.
Therefore in a world characterised by strategic partnerships and alliances,
employee education and development programmes in collaboration with partners
become a strategic issue.

Joint training portfolio

The basic programme we put together for 1999 emphasises the interdisciplinary
nature of air freight business between Lufthansa Cargo and the Global Partners.
It comprises multiple skills development seminars as well as one to build up
global team-work and trust with the partner.
In collaboration with the Lufthansa Cargo Training Centre, we have selected
training and development programmes for which Lufthansa Cargo has gained a
reputation of outstanding expertise over the time and which will contribute to
streamline the core processes of air freight transportation.
In addition to this basic portfolio we strongly suggest and encourage the
exchange of local staff with Global Partners. Participants will be exposed to
problems outside their own specialised fields and equipped with the knowledge
necessary to play an active role in our partnerships.
The joint training portfolio for Global Partners will be extended continuously
in close collaboration with our Global Partners and will hopefully contain
specialised training programmes of our Global Partners in the next issue as
well.

Hans-Wolfgang Braune                            Sonja Nitschke
Manager Training                                Manager Business Partnership

              Lufthansa Cargo Business Partnership Program               Page 22

<PAGE>   23

Attachment 5 (continued)

SELLING WITH PARTNERS

Target Group:
Management and staff in sales together with their respective counterparts of the
Global Partner.

Aim:
Intensifying the Business Partnership and the partnership philosophy between the
local units of LH Cargo and the Global Partner in order to improve their joint
market approach.

Contents:
-      Getting acquainted with their joint global targets and strategic vision
-      Checking the mutual perception
-      Creating an understanding of each others processes
-      Eliminating prejudices and developing trust to regional counterparts
-      Conflict management
-      Clarifying and defining joint targets
-      Developing joint market activities in order to win new customers and/or
       new business
-      Defining each others roles in tripartite sales
-      Developing and using tools and techniques for value selling to joint
       customers and prospects
-      Preparing joint presentations and value propositions for joint customers
       and prospects

Duration & Dates
2 days as requested by Global Partner and LH Cargo

Location:
Locally within the areas

Tuition Fees:
Cost sharing between Global Partner and LH Cargo (local budget). Recommended is
a 50% cost sharing.
Trainer expense: Depending on regional conditions; for Germany e.g. DEM 4000, -
per day (plus VAT, travelling and accommodation expenses)
Travelling and accommodation expenses for participants
Conference facilities ... if required
Next steps:
An agreement between the respective Managers of a Global Partner and LH Cargo to
organize such a workshop; followed by a joint meeting with the trainer to define
specific targets and contents, design of the workshop, number and selection of
participants, as well as preparatory work.
Lufthansa Cargo Training can give assistance with their experience from similar
workshops.

              Lufthansa Cargo Business Partnership Program               Page 23

<PAGE>   24

Attachment 5 (continued)

BASIC CARGO COURSE

Target Group:
Employees of Global Partners working in the area of air freight sales and
handling.

Aim:
Providing basic knowledge in the field of cargo sales and handling.

Contents:
-   ICAO / IATA Organisations
-   The Lufthansa Cargo fleet and Unit Load Devices
-   Loading of loose cargo
-   Tact rules, routings with OAG Passenger and Air Cargo Guide
-   Special Loads
-   Acceptance of cargo, agent's responsibility
-   Air cargo rates, liability, disbursements, charges collect fee
-   Air Waybill
-   Visit to Lufthansa Cargo Center at Frankfurt Airport

Duration & days:
-   5 days
-   Upon request of Global Partner

Maximum Number of Participants:
14. It can be increased to 16 only if previously agreed with the training
department.

Location:
To be defined

Tuition Fees:
1.150 DEM per participant not including accommodation and conference facilities
Travelling expenses for participants

Next steps:
A meeting between Lufthansa Cargo Training, the respective contact persons at
Lufthansa Cargo and the Global Partner to fix date, location and possible
adjustments of contents to specific needs.

              Lufthansa Cargo Business Partnership Program               Page 24

<PAGE>   25

Attachment 5 (continued)

PALLET BUILD-UP COURSE

Target Group:
Employees of Global Partners engaged in ULD build-Up (BUP) for transport aboard
Lufthansa Cargo and Partner Airlines.

Aim:
To provide detailed knowledge of Lufthansa Cargo standards regarding the Correct
build-up of ULD'S, whereby particular emphasis is focused on safety.
Contents:
-   A view of all the aircraft within the Lufthansa Cargo fleet including
    cargo-compartments and loading systems
-   Unit-load devices in use within the Lufthansa Cargo system
-   Serviceability of loading equipment
-   How to avoid ULD-damage
-   ULD contours loadability
-   ULD build-up in general
-   Lufthansa Cargo loading principles
-   Maximum floor load capacity / How easy it is to exceed ULD limits
-   Lashing general principles
-   Lashing material, their value
-   Double lashing, mixed lashing, lashing of crates
-   Dangers of incorrect lashing
-   Weighing and tagging of built up ULD's
-   ULD-tags
-   Hidden horrors, a safety aspect

Duration & Days:
-   3 days
-   Upon request of Global Partner
-   Upon request the Global Partner can also participate at the regular
    Lufthansa Cargo pallet build up-course which takes 5 days and differs
    slightly in contents. The participation should be discussed with Mrs Marion
    Krami-Dian.

Maximum Number of Participants:

14. It can be increased to 16 only if previously agreed with the training
department.

Location:

To be defined

Tuition Fees:

1.150 DEM per participant not including accommodation and conference facilities
Travelling expenses for participants Next steps:

A meeting between Lufthansa Cargo Training, the respective contact persons at
Lufthansa Cargo and the Global Partner to fix date, location and possible
adjustments of contents to specific needs.

              Lufthansa Cargo Business Partnership Program               Page 25

<PAGE>   26

Attachment 5 (continued)

IATA COURSE DANGEROUS GOODS

Target Group:
Staff of Global Partners checking Dangerous Goods shipments.

Aim:
Knowing what decisions to make when accepting Dangerous Goods and how to assist
and advise the shipper if problems occur.

Contents:
-   Legal aspects
-   Responsibilities of shipper/agent and airline
-   Definition of hazard classes
-   Packing, marking and labeling
-   Documentation
-   Acceptance, handling, storage and loading
-   State and operator variations
-   Incidents and accidents

Duration & Days:
-   5 days
-   Upon request of Global Partner
-   Upon request the Global Partner can also participate at the regular
    Lufthansa Cargo Dangerous Goods Course. The participation should be
    discussed with Mrs Marion Krami-Dian.

Maximum Number of Participants:
14. It can be increased to 16 only if previously agreed with the training
    department.

Location:
To be defined

Tuition Fees:
1.150 DEM per participant not including accommodation and conference facilities
Travelling expenses for participants

Next steps:
A meeting between Lufthansa Cargo Training, the respective contact persons at
Lufthansa Cargo and the Global Partner to fix date, location and possible
adjustments of contents to specific needs.

              Lufthansa Cargo Business Partnership Program               Page 26

<PAGE>   27

Attachment 5 (continued)

ADDITIONAL INFORMATION & APPLICATION

For additional information and application please contact Mrs Marion Krami-Dian,
Coordinator Partnership Training.

Marion Krami-Dian
Coordinator Partnership Training
Phone: 0049 6257 801760
E-mail: Marion. Krami-Dian@DLH. DE

Hans-Wolfgang Braune
Manager Training
Phone: 0049 6257 801740
E-mail: Hans-Wolfgang.Braune@DLH.DE

Lufthansa Cargo AG
Training Centre
Lufthansa Ring 1
D-64342 Seeheirri-Jugenheim
Phone:      0049 6257 801736
Fax:        0049 6257 801340

PRACTICAL INFORMATION
Tuition Fees
The respective tuition fees cover instruction, teaching material and books. The
tuition fees are billed after the courses by the Lufthansa Cargo Training Centre
unless the seminar is held by an external institute. For external institutes a
billing procedure will be agreed upon during a preparatory meeting.

Accommodation & Conference Facilities
Accommodation and conference facilities are not included in the respective
tuition fees.

All programmes can be held in the Lufthansa Training Centre in
Seeheim, nearby Frankfurt. Accommodation would be charged at 143,50 DEM per day
plus VAT including breakfast, lunches and dinner.

Campus life
The Lufthansa Training Centre is located approximately 50 km south of Frankfurt
and surrounded by forest. There is a regular bus shuttle between Frankfurt
Airport and Seeheim making Seeheim a place easy to access.

In order to set oneself free for creative learning and development Seeheim
offers leasure facilities such as jogging tracks, sauna, solarium, indoor pool,
two jogging tracks, an indoor sports hall, internal sports classes (not included
in tuition fee) as well as a bike rental.

              Lufthansa Cargo Business Partnership Program               Page 27

<PAGE>   28

Attachment 6

Guidelines for joint sales to customers

How do we deal with business cases so as to better serve our customers?

1.   What's the Business we are in?

Our service to customers in the global industry and in local markets is part of
the value chain of customers in the industry.

For the success of the strategic intent of the industry to better serve their
customers by optimised supply chain solutions an integrated approach with
partners is key.

Forwarders and airlines are a part of this supply chain and to join forces to
become a value adding partner of the the industry is the common target.

To transform this common objective of competing companies into a joint practise
of real business partners these guidelines of the game are written.

This joint approach within the logistic and transportation industry is an answer
to an urgent requirement of our customers themselves and not a clever idea of
some crazy marketing people.

Gerry Clarke from DELL Computers who revolutioned the supply chain management of
DELL summarizes this:

"Virtual integration means you basically stitch together a business with
partners that are treated as if they're inside the company."

2.   General understanding of joint sales to customers and prospects

1.   The Business Partners and LHCargo consistently pursue to add value to their
     customers' supply chain.

2.   The Business Partners and LHCargo want to play an active role in the
     customers supply chain.

3.   The Business Partners and LHCargo must be aware of the customers' present
     and future requirements. This means the Business Partners and LHCargo will
     follow any invitation of the customer to participate in negotiations
     concerning his supply chain.

4.   The Business Partners and LHCargo accept that it is the customer who
     decides on the choice of suppliers, including the forwarder and airline.

5.   The Business Partners and LHCargo are in business to make money. Both of
     them accept that due to their specific way of making money conflicts might
     come up within daily business life.

              Lufthansa Cargo Business Partnership Program               Page 28

<PAGE>   29

Attachment 6 (continued)

The mutual understanding is to solve these conflicts wherever they appear with
the help of some basic guidelines instead of fighting and blaming one another
especially not in the customers' eyes.

6.   The Business Partners and LH Cargo will have the freedom to choose
     subsuppliers according to the customer's individual requirements.

          This also means that in case a particular Business Partner or
          Lufthansa Cargo do not suit the customer needs both have the freedom
          to either team up with another airline/ forwarder/ logistics provider
          or LHCargo will offer separately for the airport-airport portion.

7.   Ultimately both partners strive to base their pricing on the value the
     services add to their Customers business (and this is valid for integrated
     solutions as well as for separate offers made).

     Both partners agree in advance on the pricing that is presented to the
     customer.

8.   Open book policy is applied by both partners wherever it makes sense to
     improve our services to our customers (f.e. joint tenders).

9.   This is a first draft of the rules for the game -- they will be discussed
     and further developed based on the experience in everyday partnership life.

3.   To whom do these guidelines apply?

These guidelines are written to have clearly defined rules for joint business
with Business Partners to Customers in the industry.

They will apply to the worldwide sales organisation of the Business Partner and
Lufthansa Cargo, in specific

o    the Business Partners' Airfreight Management and
o    the Business Partners' Key Account Management
and
o    Lufthansa Cargo's worldwide Sales Organisation (WWW G1s),
o    Lufthansa Key Account Management lead by FRA FL/X and
o    Lufthansa Cargos Business Partnership Management lead by FRA FX/A.

As soon as the Sales Alliances with other airlines will be implemented these
aspects will be added by FRA FX/K (Lufthansa Cargos Sales Alliance team).

              Lufthansa Cargo Business Partnership Program               Page 29

<PAGE>   30

Attachment 6 (continued)

4.   How to become real partners

The principles of starting to approach and working together on customers should
be as follows:

Scenario A) New Customer - New Business

BP/ forwarder approaches us with new or unknown customer business. LHCargo does
not have a well established relationship with the customer yet.

We join forces/resources if size/kind of the business/ customer/ profitability/
strategic importance make it worthwhile pursuing the business. First come, first
go. We jointly develop the new business with the new customer, pursuing jointly
an integrated offering.

If there is more than one Business Partner approaching Lufthansa Cargo
o    and just rates and capacities are wanted by the BP - we stay neutral (same
     conditions for all BPs).
o    and an innovative value added approach -- a quantum leap in idea/ concept)
     jointly with us is made by the BP we go with this one exclusively and just
     offer neutral rates to the others. We expect our BP to do the same.

Scenario B) Existing Customer - New Business

BP/ forwarder approaches us with now customer business. Established
relationship with customer existing but specific new business not known to us.

If BP/ forwarder just want rates/ capacities see scenario A.

If there is the offer to do valued-added business jointly both partners check
Key Account - Teams. If there is no successful*) partnership already working on
this business we will join forces according to these principles:

       1.   The customer shows no objections to this cooperation
       2.   A joint offer LHCargo/ BP increases significantly the value
            proposition for the customer. This will be measured in terms of
            services, savings, logistical completeness of offer.
       3.   The joint proposal increases the effect on longterm customer
            profitability for the Business Partner and LHCargo.
       4.   The bidding process will be based preferably on the LHCargo &
            Alliance network system.

*)    not successful means also: remarkably small LH-share in total
      businessvolume

              Lufthansa Cargo Business Partnership Program               Page 30

<PAGE>   31

Attachment 6 (continued)

Scenario C) Existing Customer - Existing Business - Existing Partners

LHCargo is already involved directly in strategic partnership/ joint tendering
process with a customer and a particular Business Partner/ forwarder. BP
requests to cancel existing successful partnership.

In general no way to crack existing cooperation. This does include new tenders
for an existing business with an existing Business Partner/ forwarder. We will
stick to the existing partnership and expect our partner to do the same.

Exemptions only if quantum leap in idea/concept and only if approved by
customer.

Scenario D) New or Existing Customer - Existing Business of a BP with another
airline

LHCargo is approached by a BP/ forwarder to work on a specific business that is
actually handled by another BP with another airline.
LH Cargo will go for this business.
The final decision will be made by the customer.

Scenario E) Existing Customer - Existing Business - No Partners - a BP
approaches us

LHCargo is already involved directly in strategic partnership/ tendering process
with a Customer. No successful *) partnership with other serviceprovider so far
existing. BP wants us to work on Customer.

The guidelines of scenario B - will be applied. There has to be an added value
in doing the business together with a partner - for the customer and for
Lufthansa Cargo.

*) not successful means also: remarkably small LH-share in total business volume

Scenario F) Existing Customer - Existing Business - No Partners - LH Cargo looks
for a partner

LHCargo is involved directly in strategic partnership/ tendering process with
Customers and looks out for a suitable partner for the total logistics chain.

              Lufthansa Cargo Business Partnership Program               Page 31
<PAGE>   32

Attachment 6 (continued)

Lufthansa Cargo chooses a Business Partner/ Logistic Service Provider according
to expertise for this particular business.

A tender process is initiated and led by Lufthansa Cargo through a request for
proposal.

5.   How to become real partners at one glance

In the following chart you find an overview on the different scenarios so as to
make them easy to understand and easy to remember.

<TABLE>
<CAPTION>

---------------------------------------------------------------------------------------------------------------------------------
Scenario             Customer              Business/                 Partner for this           rates/            innovation/
                                           Tender                    particular                 capacity          added value/
                                                                     business                                     tripartite
---------------------------------------------------------------------------------------------------------------------------------
<S>                  <C>                   <C>                       <C>                        <C>
A                    new                   new                       new                        go - neutral      go -
                                                                                                - if more         exclusively
                                                                                                than 1 BP
---------------------------------------------------------------------------------------------------------------------------------
B                    existing              new                       new                        go - neutral      go -
                                                                                                - if more         exclusively
                                                                                                than 1 BP
---------------------------------------------------------------------------------------------------------------------------------
C                    existing              existing                  existing                   no go             go - only if
                                                                                                                  quantum leap
                                                                                                                  in added value
---------------------------------------------------------------------------------------------------------------------------------
D                    new/                  new                       new - BP with              go for it         go for it
                     existing                                        another airline
---------------------------------------------------------------------------------------------------------------------------------
E                    existing              existing                  new - BP                   go - neutral      go -
                                                                     approaches us              - if more         exclusively
                                                                                                than 1 BP
---------------------------------------------------------------------------------------------------------------------------------
F                    existing              existing                  new - we look              existing          choose BP
                                                                     for a partner                                depending on
                                                                                                                  specific
                                                                                                                  know-how for
                                                                                                                  specific
                                                                                                                  business
                                                                                                                  (RFP)
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>

              Lufthansa Cargo Business Partnership Program               Page 32

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}]]