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 Eastern Caribbean; excluding Barbados and excluding Guyana; Between Canada and Puerto Rico; Between Canada and the USVI;  Between the Continental US and the British Virgin Islands;  and Between Puerto Rico or the US Virgin Islands and the Caribbean:

The bunker surcharge between the Continental United States and the Windward Island Ports of Grenada, St. Lucia, St. Vincent, Trinidad, and Dominica; the Leeward Island Ports of Anguilla, Antigua, Nevis, St. Barths, St Kitts, and St. Maarten; the British Virgin Island Ports of Tortola and Virgin Gorda; between Canada and Puerto Rico, between Canada and the US Virgin Island Ports of St. Thomas, St. Croix, and St. John; between the United States Virgin Islands and the Windward Island Ports of Barbados, Grenada, St. Lucia, St. Vincent, Trinidad, and Dominica; the South America Port of Guyana; the Leeward Island Ports of Anguilla, Antigua, Nevis, St. Barths, St Kitts, and St. Maarten; the Dominican Republic; the British Virgin Islands; the Cayman Islands, the Turks & Caicos Islands, the Bahamas; and the bunker surcharge between Puerto Rico and the Windward Island Ports of Barbados, Grenada, St. Lucia, St. Vincent, Trinidad, and Dominica; the South America Port of Guyana; the Leeward Island Ports of Anguilla, Antigua, Nevis, St. Barths, St Kitts, and St. Maarten; the Dominican Republic; the British Virgin Islands; the Cayman Islands, the Turks & Caicos Islands and the Bahamas shall be based on the eight week running average of the West Texas Intermediate (WTI) Cushing Spot price. (C)

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 an eight 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 eight  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 eight 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

As of January 11, 2009 the bunker surcharge shall be based on the new estimated WTI Cushing Spot price of $73

Effective February 15, 2009 the bunker surcharge shall be based on the new estimated WTI Cushing Spot price of $140 (A)

BUNKER SURCHARGE CHART BASED ON WTI PRICE PER BARREL 

Review and Final Publication Date

The first Tuesday of each month the Carrier will review the actual eight week running WTI average (“Review Date”).  If the Review Date concludes a change either downward or upward in the eight week running average of the WTI then the Carrier will publish an adjustment in Carrier’s bunker surcharge by adjusting the eight week running average in its tariff to an amount at or below the previously published estimated eight 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 eight week WTI average based on the Bunker Surcharge Chart.

At the same time the actual eight week running average is applied, Carrier shall publish a new estimated eight 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 eight 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         

Bunker Formula:

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

B. Bunker Surcharge between the Continental US and the following: 

Note 1: Effective February 01, 2009 the following bunker surcharge amounts for shipments between the Continental US and Abaco will be incorporated into the Ocean Freight   (R, I, C) 

20' :        $94

40' :        $188

ovr 40':    $217

Veh N.E.

700 cft    $62

Veh ovr

700 cft     $4.70

Bbulk:     $4.70

cwt:        $0.22

CFT:       $0.11

barrel:     $2.50

pallet:     $8.54

 

Note 2: Effective February 01, 2009 the following bunker surcharge amounts for shipments between the Continental US and Nassau or between the Continental US and Freeport will be incorporated into the Ocean Freight   (R, I, C) 

20' :        $75

40' :        $150

ovr 40':    $173

Veh N.E.

700 cft    $49

Veh ovr

700 cft     $3.67

Bbulk:     $3.67

cwt:        $0.18

CFT:       $0.09

barrel:     $2.00

pallet:     $6.80

 

Note 3: Effective January 18, 2009 the following bunker surcharge amounts for shipments between the Continental US and the Dominican Republic will be incorporated into the Ocean Freight : (R, I, C)

20'    $115.00

40'    $225.00

45'    $265.00

Note 4: Effective February 08, 2009 the following bunker surcharge amounts for shipments between the Continental US and the Turks & Caicos will be incorporated into the Ocean Freight (R, I, C) 

20' :        $93

40' :        $186

ovr 40':    $209

Veh N.E.

700 cft    $69

Veh ovr

700 cft     $.22/$.11 (Minimum $4.40)

Bbulk:     $.22/$.11 (Minimum $4.40)

cwt:        $0.22

CFT:       $0.11

barrel:     $2.50

pallet:     $12  (Refrigerated Cargo - PLS only)

 

D. Between Canada and the following: