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 Guyana; Between Canada and Puerto Rico; Between Canada and the USVI; and Between the Continental US and the British Virgin Islands (I, A, C) Effective 08/10/2008 

The bunker surcharge between the Continental United States and the Windward Island Ports of Grenada, St. Lucia, St. Vincent, Trinidad, and Dominica; the South America Port of Guyana; between the Continental United States and the Leeward Island Ports of Anguilla, Antigua, Montserrat, Nevis, Saba, St. Barths, St. Eustatius, St Kitts, and St. Maarten; between the Continental United States and the British Virgin Island Ports of Tortola and Virgin Gorda (I, A) Effective 08/10/2008; between Canada and Puerto Rico, and between Canada and the US Virgin Island Ports of St. Thomas, St. Croix, and St. John (C) 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

As of  June 8, 2008 the bunker surcharge is based on the WTI Cushing Spot price of $117

Effective July 6, 2008 the bunker surcharge shall be based on the WTI Cushing Spot price of $123

Effective August 3, 2008 (See Note 1) the bunker surcharge shall be based on the new estimated WTI Cushing Spot price of $160 (A)

Note 1: Effective August 10, 2008 the new bunker surcharge application, bunker surcharge chart above, and $160 WTI level will apply to cargo moving between the Continental United States and the British Virgin Island Ports of Tortola and Virgin Gorda. (I, A, C)

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         

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 between the Continental US and the following: 

C. Bunker Surcharge Application between Puerto Rico; the US Virgin Islands and the Caribbean: (A) Effective 08/03/2008

The bunker surcharge between the United States Virgin Islands and the Windward Island Ports of Grenada, St. Lucia, St. Vincent, Trinidad, and Dominica; the South America Port of Guyana; the Leeward Island Ports of Anguilla, Antigua, Montserrat, Nevis, Saba, St. Barths, St. Eustatius, St Kitts, and St. Maarten; the Dominican Republic; the British Virgin Islands; and the Bahamas; and the bunker surcharge between Puerto Rico and the Windward Island Ports of Grenada, St. Lucia, St. Vincent, Trinidad, and Dominica; the South America Port of Guyana; the Leeward Island Ports of Anguilla, Antigua, Montserrat, Nevis, Saba, St. Barths, St. Eustatius, St Kitts, and St. Maarten; the Dominican Republic; the British Virgin Islands; and the Bahamas; 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 August 3, 2008 the bunker surcharge shall be based on the new estimated WTI Cushing Spot price of $135 (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         

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:

D. Between Canada and the following: