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 Canada and the Eastern Caribbean, Between Canada and Guyana, Between Canada and the Dominican Republic, or Between Canada and the British Virgin Islands: The bunker surcharge between Canada and the Eastern Caribbean ports of Anguilla, Antigua, Barbados, Dominica, Grenada, Nevis, St. Barths, St Kitts, St. Lucia, St. Maarten, St. Vincent, or Trinidad; between Canada and the South America Port of Guyana; between Canada and the Dominican Republic ports of Caucedo or Puerto Plata, or between Canada and the British Virgin Island Ports of Tortola or Virgin Gorda; 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 (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

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 Application Between Canada and the Turks & Caicos Islands; or Between Canada and the Cayman Islands: The bunker surcharge between Canada and the Turks & Caicos Ports of Providenciales, Grand Turk, South Caicos, West Caicos, or Dellis Cay; or between Canada and the Cayman Island Ports of Grand Cayman, Little Cayman, or Cayman Brac 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 (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

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:

C. Between Canada and the following ports:

D. Inter Island Bunker Surcharge Application Between the Eastern Caribbean Ports of Anguilla, Antigua, Barbados, Dominica, Grenada, Nevis, St. Barths, St Kitts, St. Lucia, St. Maarten, St. Vincent, or Trinidad; the South America Port of Guyana; the British Virgin Islands Ports of Tortola or Virgin Gorda; the Dominican Republic Ports of Caucedo or Puerto Plata; the Turks and Caicos Island Ports of Providenciales, Grand Turk, South Caicos, West Caicos, or Dellis Cay; the Bahamian Ports of Nassau, Freeport, or Abaco;  the Cayman Islands Ports of Grand Cayman, Cayman Brac, or Little Cayman and all worldwide ports excluding Canada 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 (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 $68

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: