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 United States (US) and the Eastern Caribbean or Guyana; Between the Continental US and the British Virgin Islands; Between Canada and Puerto Rico; Between Canada and the USVI; 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, Barbados, or Dominica; the Leeward Island Ports of Anguilla, Antigua, Nevis, St. Barths, St Kitts, or St. Maarten; the South America Port of Guyana; the British Virgin Island Ports of Tortola or Virgin Gorda; the bunker surcharge between Canada and Puerto Rico, the bunker surcharge between Canada and the US Virgin Island Ports of St. Thomas, St. Croix, or St. John; the bunker surcharge application between the United States Virgin Islands and the Windward Island Ports of Barbados, Grenada, St. Lucia, St. Vincent, Trinidad, or Dominica; the South America Port of Guyana; the Leeward Island Ports of Anguilla, Antigua, Nevis, St. Barths, St Kitts, or St. Maarten; the Dominican Republic ports of Caucedo or Puerto Plata; the British Virgin Islands ports of Tortola or Virgin Gorda; the Cayman Island ports of Grand Cayman, Cayman Brac, or Little Cayman , the Turks & Caicos Island ports of Providenciales, Grand Turk, South Caicos, West Caicos or Dellis Cay; the Bahamas ports of Nassau, Freeport, or Marsh Harbour; and the bunker surcharge application between Puerto Rico and the Windward Island Ports of Barbados, Grenada, St. Lucia, St. Vincent, Trinidad, or Dominica; the South America Port of Guyana; the Leeward Island Ports of Anguilla, Antigua, Nevis, St. Barths, St Kitts, or St. Maarten; the Dominican Republic ports of Caucedo or Puerto Plata; the British Virgin Islands ports of Tortola or Virgin Gorda; the Cayman Island ports of Grand Cayman, Cayman Brac, or Little Cayman , the Turks & Caicos Island ports of Providenciales, Grand Turk, South Caicos, West Caicos or Dellis Cay; the Bahamas ports of Nassau, Freeport, or Marsh Harbour shall be based on the following:

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 West Texas Intermediate (WTI) price per barrel as described below.

Carrier will charge the applicable bunker surcharge amount based on an 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.  If the change in Bunker Surcharge is for an increase or decrease less than or equal to $6.00, Carrier reserves the right to delay the change until the next scheduled review date.

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

The current bunker surcharge is based on the WTI Cushing Spot Price of $77

Effective March 14, 2010 the bunker surcharge shall be based on the new WTI Cushing Spot price of $92 (A)

Effective April 11, 2010 the bunker surcharge shall be based on the new WTI Cushing Spot price of $85 (Estimated) (R) 

Review and Final Publication Date

Tropical Shipping will change its bunker surcharge every 30 days based on the prior 4 week average of the West Texas Intermediary (WTI). The first Tuesday of each month (“Review Date”) the Carrier will publish an adjustment in the bunker surcharge by an amount $10 above the highest daily amount of the previous 4 week average.  The new surcharge will become effective for all tariff and contract commodities the second Sunday of the following month.

The combination of publishing a table of adjustments, showing the actual four week running average on Carrier’s website every week, and publishing the 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 four week running average Carrier will create an adjustment to the bunker surcharge based on the following scale:

B. Bunker Surcharge Application Between the Continental US and the Turks & Caicos; Between the Continental US and the Cayman Islands: The bunker surcharge between the Continental United States and the Turks & Caicos Ports of Providenciales, Grand Turk, South Caicos, West Caicos, or Dellis Cay; or The Continental United States and the Cayman Island ports of Grand Cayman, Cayman Brac, or Little Cayman shall be based on the following: (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 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. If the change in Bunker Surcharge is for an increase or decrease less than or equal to $6.00, Carrier reserves the right to delay the change until the next scheduled review date.

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

The current bunker surcharge is based on the WTI Cushing Spot Price of $77

Effective March 14, 2010 the bunker surcharge shall be based on the new WTI Cushing Spot price of $92 (A)

Effective April 11, 2010 the bunker surcharge shall be based on the new WTI Cushing Spot price of $85 (Estimated)  (R)

Review and Final Publication Date

Tropical Shipping will change its bunker surcharge every 30 days based on the prior 4 week average of the West Texas Intermediary (WTI). The first Tuesday of each month (“Review Date”) the Carrier will publish an adjustment in the bunker surcharge by an amount $10 above the highest daily amount of the previous 4 week average.  The new surcharge will become effective for all tariff and contract commodities the second Sunday of the following month.

The combination of publishing a table of adjustments, showing the actual four week running average on Carrier’s website every week, and publishing the 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 four week running average Carrier will create an adjustment to the bunker surcharge based on the following scale:

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

D. Between Canada and the following: