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Rule 10.010 – Bunker Surcharge |
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Publication Date:05/23/2008 |
Effective Date: 06/22/2008 unless specified otherwise |
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Through Date: |
Expiration Date: |
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Amendment Code: A |
Special Use Number: |
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Request # DEAMACL285 |
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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, Puerto Rico, the USVI and the Eastern Caribbean (excluding Barbados):
The bunker surcharge for the Windward Island Ports of Grenada, St. Lucia, St. Vincent, Trinidad, and Dominica; the South America Port of Guyana; and the Leeward Island Ports of Anguilla, Antigua, Montserrat, Nevis, Saba, St. Barths, St. Eustatius, St Kitts, and St. Maarten 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.
Initial Publication
Upon filing of the Bunker Surcharge Chart the Carrier shall also publish on thirty (30) days notice an estimated four week running average of the WTI that corresponds to Carrier’s most reasonable judgment of where the four week running average will be at the first Sunday following the “Review Date”. The Carrier’s most reasonable judgment shall be based on the percent change from the previous four week average to the current four week average 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 WTI Cushing Spot Price
As of May 4, 2008 the bunker surcharge is based on the WTI Cushing Spot price of $100
Effective June 8, 2008 the bunker surcharge shall be based on the WTI Cushing Spot price of $117 (A)
Effective July 6, 2008 the bunker surcharge shall be based on the new estimated WTI Cushing Spot price of $123 (A)
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
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Review Date (Tuesday) |
Effective Date (Sunday) |
New Estimated Effective Date (Sunday) |
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May 6, 2008 |
June 8, 2008 |
July 6, 2008 |
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June 3, 2008 |
July 6, 2008 |
August 3, 2008 |
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July 1, 2008 |
August 3, 2008 |
September 7, 2008 |
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August 5, 2008 |
September 7, 2008 |
October 5, 2008 |
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September 2, 2008 |
October 5, 2008 |
November 9, 2008 |
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October 7, 2008 |
November 9, 2008 |
December 7, 2008 |
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November 4, 2008 |
December 7, 2008 |
January 4, 2009 |
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December 2, 2008 |
January 4, 2009 |
February 8, 2009 |
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January 6, 2009 |
February 8, 2009 |
March 8, 2009 |
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February 3, 2009 |
March 8, 2009 |
April 5, 2009 |
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March 3, 2009 |
April 5, 2009 |
May 10, 2009 |
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April 7, 2009 |
May 10, 2009 |
June 7, 2009 |
Bunker Formula:
For every $1 change in the WTI four week running average will create an adjustment to the bunker surcharge based on the following scale:
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20’ Equipment |
$6.00 |
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40’ Equipment |
$12.00 |
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Over 40’ Equip. |
$13.50 |
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Vehicles NOT over 700 cft (Average 500 Cuft) |
$3.50 Each |
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Vehicles OVER 700 cft ** |
$0.28 WM |
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Breakbulk and NIT ** |
$0.28 WM |
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LCL - 2000 lbs (W) or 40 cft (M) ** |
$0.28WM |
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LCL - 1 KGS (W) |
$0.25 |
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LCL - 1 Cubic Meter (M) |
$0.23 |
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LCL - 100 lbs (W) ** |
$0.0140 Cents |
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LCL - 1 cuft (M) ** |
$0.0071 Cents |
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Barrel - Each |
$0.18 Each |
B. Bunker Surcharge between the Continental US, Puerto Rico, the USVI and the following:
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Bahamas: Nassau, Abaco, Freeport, Family Islands (Exuma) (A) Effective 06/08/2008 |
LTL (CWT/CFT) |
$.23/$.12 $.34/$.17 (A) Effective 06/08/2008 |
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Breakbulk; WM (ST/FT) Vehicles Exceeding 700 CFT |
$5.22 $7.32(A) Effective 06/08/2008 |
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Barrel (Each) |
$8.07 $9.45 (A) Effective 06/08/2008 |
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Pallet (Each) |
$11.00 $13.00 (A) Effective 06/08/2008 |
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20' Equipment |
$99.00 $144.00 (A) Effective 06/08/2008 |
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40' Equipment |
$198.00 $288.00 (A) Effective 06/08/2008 |
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Greater Than 40' Equipment |
$231.00 $332.00 (A) Effective 06/08/2008 |
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Vehicles Not Exceeding 700 CFT (Each) |
$58.17 $84.00 (A) Effective 06/08/2008 |
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Eastern Caribbean: Barbados (A) Effective 06/15/2008
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LTL (CWT/CFT) |
$0.82/$0.41 $1.04/$0.52 (A) Effective 06/15/2008 |
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Breakbulk, Vehicles Exceeding 700 CFT W/M (ST/FT) |
$17.30 $20.60 (A) Effective 06/15/2008 |
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Barrel (Each) |
$9.95 $12.75 (A) Effective 06/15/2008 |
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20’ Equipment |
$348.00 $445.00 (A) Effective 06/15/2008 |
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40' Equipment |
$676.00 $870.00 (A) Effective 06/15/2008 |
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Greater Than 40' Equipment |
$772.00 $990.00 (A) Effective 06/15/2008 |
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Vehicles Not Exceeding 700 CFT (Each) |
$188.00 $246.00 (A) Effective 06/15/2008 |
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Dominican Republic (A) Effective 06/15/2008
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LTL W/M (CWT/CFT) |
$.78/$.39 $1.04/$.52 (A) Effective 06/15/2008 |
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20’ Equipment |
$215.00 $240.00 (A) Effective 06/15/2008 |
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40' Equipment |
$425.00 $475.00 (A) Effective 06/15/2008 |
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| 45’ Equipment |
$510.00 $575.00 (A) Effective 06/15/2008 |
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Motor Vehicles Not Exceeding 700 CFT (Each) |
$65.00 |
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Cayman Islands (A) Effective 06/08/2008 |
LTL, Breakbulk W/M (CWT/CFT), Rolling Stock, Motor Vehicles |
$.40/$.20 $.50/$.25 (A) Effective 06/08/2008 |
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20' Equipment |
$165.00 $210.00 (A) Effective 06/08/2008 |
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40' Equipment |
$330.00 $420.00 (A) Effective 06/08/2008 |
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Greater Than 40' Equipment |
$379.00 $480.00 (A) Effective 06/08/2008 |
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British Virgin Islands: Tortola & Virgin Gorda (A) Effective 06/15/2008 |
LTL W/M (CWT/CFT) |
$.82/$.41 $1.06/$.53 (A) Effective 06/15/2008 |
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Breakbulk WM (ST/FT) /Motor Vehicles Greater Than 700 CFT |
$16.40 $21.18 (A) Effective 06/15/2008 |
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Barrel (Each) |
$10.00 $13.14 (A) Effective 06/15/2008 |
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20' Equipment |
$348.00 $450.00 (A) Effective 06/15/2008 |
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40' Equipment |
$680.00 $884.00 (A) Effective 06/15/2008 |
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Greater Than 40' Equipment |
$768.00 $998.00 (A) Effective 06/15/2008 |
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Motor Vehicles not exceeding 700 CFT) (Each) |
$193.00 $254.00 (A) Effective 06/15/2008 |
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Turks & Caicos (A) Effective 06/08/2008
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LTL, Breakbulk W/M (CWT/CFT), Rolling Stock, Boats, Vehicle Exceeding 700 CFT |
$.26/$.13 (Min. $5.20 per b/l) $.30/$.15 (Min. $6.00 per b/l) (A) Effective 06/08/2008 |
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Vehicle not exceeding 700 CFT (Each) |
$79.00 $89.50 (A) Effective 06/08/2008 |
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20’ Equipment |
$117.00 $135.00 (A) Effective 06/08/2008 |
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40’ Equipment |
$234.00 $270.00 (A) Effective 06/08/2008 |
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Greater Than 40' Equipment |
$264.00 $305.00 (A) Effective 06/08/2008 |
C. Between Canada and the following:
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US Virgin Islands: St Thomas, St Croix, St. John
(A) Effective 06/22/2008 |
Breakbulk WM (ST/FT) |
$16.40 $21.18 (A) Effective 06/22/2008
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20’ Equipment |
$348.00 $450.00 (A) Effective 06/22/2008 |
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40’ Equipment |
$680.00 $884.00 (A) Effective 06/22/2008 |
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Motor Vehicle Not Exceeding 700 CFT (Each) |
$193.00 $254.00 (A) Effective 06/22/2008 |
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Puerto Rico (A) Effective 06/22/2008
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Breakbulk WM (ST/FT) |
$16.40 $21.18 (A) Effective 06/22/2008 |
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20’ Equipment |
$348.00 $450.00 (A) Effective 06/22/2008 |
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40’ Equipment |
$680.00 $884.00 (A) Effective 06/22/2008 |
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Motor Vehicle Not Exceeding 700 CFT (Each) |
$193.00 $254.00 (A) Effective 06/22/2008 |
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Port of Palm Beach, FL (A) Effective 06/22/2008
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20’ Equipment
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$197.00 $299.00 (A) Effective 06/22/2008 |
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40’ Equipment |
$374.00 $578.00 (A) Effective 06/22/2008
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