Rule 3.7: Bunker Charge

 

Publication Date: 09/11/2008

Effective Date: 09/14/2008

Through Date:

Expiration Date:

Amendment Code: R

Special Use Number:

Request #  RAQAUBA338

Revision: 11

 

 

Bunker:  Except as otherwise provided, a mandatory Bunker Fuel Surcharge will be assessed on all shipments in addition to all other rates and charges published herein as follows:

A. Bunker Surcharge Application Between the Continental US and the US Virgin Islands  

The bunker surcharge between the Continental United States and the US Virgin Islands Ports of St. Thomas, St. Croix, and St. John shall be based on the four week running average of the West Texas Intermediate (WTI) Cushing Spot price.

 

Bunker Surcharge Chart:

Carrier shall publish in its tariff a Bunker Surcharge Chart that shows the various bunker surcharge charges by equipment size based on the published (WTI) price per barrel as described below.

Carrier will charge the applicable bunker surcharge amount based on a four week running average of the West Texas Intermediate (WTI) taken at the close of U.S. commodity trading every Monday using the WTI Cushing Spot price as published on Bloomberg.com at http://www.bloomberg.com/energy.  The four week running average shall be rounded to the nearest whole dollar; amounts 50 cents or greater shall be rounded up to the nearest whole dollar and amounts less than 50 cents shall be rounded down to the nearest whole dollar.

The current WTI four week running average will be posted each Tuesday on the Carrier’s website at www.tropical.com and published in the Carrier’s tariff for reference and application of the bunker surcharge amount.

 

The WTI Cushing Spot Price

Effective September 14, 2008 the bunker surcharge shall be based on the new estimated WTI Cushing Spot price of $120 (R)

 

                            

  

Review and Final Publication Date

The first Tuesday of each month the Carrier will review the actual four week running WTI average (“Review Date”).  If the Review Date concludes a change either downward or upward in the four week running average of the WTI then the Carrier will publish an adjustment in Carrier’s bunker surcharge by adjusting the four week running average in its tariff to an amount at or below the previously published estimated four week running average that was published 30 days prior to the Review Date.   The new surcharge rates will become effective for all tariff and contract commodities the effective date of publication of the actual four week WTI average based on the Bunker Surcharge Chart.

 

At the same time the actual four week running average is applied, Carrier shall publish a new estimated four week running average of the WTI to take effect on thirty (30) days after publication.  The combination of publishing a table of adjustments, showing the actual four week running average on Carrier’s website every week, and forward publishing the estimated bunker adjustment as described, shall give the shipping public significant knowledge of where the bunker surcharge is trending at any given time.

 

                                                    BUNKER REVIEW DATES         

Review Date (Tuesday)

Effective Date (Sunday)

New Estimated Effective Date (Sunday)

July 1, 2008

August 10, 2008

September 7, 2008

August 5, 2008

September 7, 2008

October 5, 2008

September 2, 2008

October 5, 2008

November 9, 2008

October 7, 2008

November 9, 2008

December 7, 2008

November 4, 2008

December 7, 2008

January 4, 2009

December 2, 2008

January 4, 2009

February 8, 2009

January 6, 2009

February 8, 2009

March 8, 2009

February 3, 2009

March 8, 2009

April 5, 2009

March 3, 2009

April 5, 2009

May 10, 2009

April 7, 2009

May 10, 2009

June 7, 2009

 

Bunker Formula:

For every $1 change in the WTI four week running average Carrier will create an adjustment to the bunker surcharge based on the following scale:

20’ Equipment

$6.00

40’ Equipment

$12.00 

Over 40’ Equip.

$13.50

Vehicles  NOT over 700 cft (Average 500 Cuft)

$3.50 Each

Vehicles  OVER 700 cft **

$0.28 WM

Breakbulk and NIT **

$0.28 WM

LCL - 2000 lbs (W) or 40 cft (M) **

$0.28WM

LCL - 1 KGS (W)

$0.25

LCL - 1 Cubic Meter (M)

$0.23

LCL - 100 lbs (W) **

$0.0140 Cents

LCL - 1 cuft (M) **

$0.0071 Cents

Barrel - Each

 $0.18  Each

 

BUNKER: A mandatory Bunker Fuel Surcharge will be assessed on all shipments in addition to all other rates and charges published herein as follows:

  

Bunker

Port of Load

Port of Discharge

Charge Basis

Charge Amount

Northbound/ Southbound

 

 

 

PPB ,

 

STT, STC,STJ

STT, STC,STJ

 

PPB

  20’ Equipment

$588.00

$468.00      (A) Effective  09/14/08

  40’ Equipment

$1160.00 

$  920.00    (A) Effective  09/14/08

Vehicles Not exceeding 700 CFT (Each)

$334.00

$264.00      (A) Effective  09/14/08

  Barrels (Each)

$17.28       

$13.68        (A) Effective  09/14/08

LTL W/M (CWT/CFT)

$1.38/ $.69

$1.10/ $.55  (A) Effective  09/14/08

 Breakbulk W/M (ST/FT)

$27.67

$22.02         (A) Effective  09/14/08

Bunker:

Inter-Island

 

 

 

STT, STC, STJ

STT, STC, STJ

20’ Equipment

$85.00

40’ Equipment

$170.00

LTL W/M (CWT/CFT)

$.66/$.33

Breakbulk W/M (ST/FT)

$16.00

Vehicles Not Exceeding 700 CFT (Each)

$75.00

 

Between San Juan, Puerto Rico and USVI Ports

Charge Basis

Charge Amount

  20’ Equipment

$348.00

  40’ Equipment

$680.00

Vehicles Not exceeding 700 CFT (Each)

$193.00

  Barrels (Each)

$10.00

LTL W/M (CWT/CFT)

$.82/$.41

 Breakbulk W/M (ST/FT)

$16.40