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 Eastern Caribbean Ports of Anguilla, Antigua, Dominica, Grenada, Nevis, St. Barths, St Kitts, St. Lucia, St. Maarten, St. Vincent, or Trinidad and all worldwide ports including Canada;  between the South America Port of Guyana and all worldwide ports including Canada;  between the British Virgin Islands Ports of Tortola or Virgin Gorda and all worldwide ports including Canada; between the Windward Island Port of Barbados and all worldwide ports (excluding Canada); between the Dominican Republic Ports of Caucedo or Puerto Plata and all worldwide ports (excluding Canada); between the Turks and Caicos Islands ports of Providenciales, Grand Turk, South Caicos, or West Caicos and all worldwide ports (including Canada);  Between the Bahamian Ports of Nassau, Freeport, or Abaco and all worldwide ports (including Canada) ; and between the Cayman Islands ports of Grand Cayman, Cayman Brac, or Little Cayman and all worldwide ports (excluding Canada) shall be based on the following:

A-1. Bunker Surcharge Application Between the Eastern Caribbean Ports of Anguilla, Antigua, Dominica, Grenada, Nevis, St. Barths, St Kitts, St. Lucia, St. Maarten, St. Vincent, or Trinidad and all worldwide ports including Canada;  between the South America Port of Guyana and all worldwide ports including Canada;  between the British Virgin Islands Ports of Tortola or Virgin Gorda and all worldwide ports including Canada; between the Windward Island Port of Barbados and all worldwide ports (excluding Canada); between the Dominican Republic Ports of Caucedo or Puerto Plata and all worldwide ports (excluding Canada); between the Turks and Caicos Islands ports of Providenciales, Grand Turk, South Caicos, or West Caicos and all worldwide ports (excluding Canada);  Between the Bahamian Ports of Nassau, Freeport, or Abaco and all worldwide ports (excluding Canada); and between the Cayman Islands ports of Grand Cayman, Cayman Brac, or Little Cayman and all worldwide ports (excluding Canada) shall be based on the following: (A) Effective 6/28/2009

Bunker Surcharge Chart: (I)

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.

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 $50

Effective June 28, 2009 the bunker surcharge shall be based on the new WTI Cushing Spot price of $60

Effective July 26, 2009 the bunker surcharge shall be based on the new (estimated) WTI Cushing Spot price of $70

Review and Final Publication Date

The fourth 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 Bahamas; Between Canada and the Turks & Caicos Islands; Between Canada and the Cayman Islands: The bunker surcharge between Canada and the Bahamian Ports of Nassau, Freeport, and Abacos; between Canada and the Turks & Caicos Ports of Providenciales, Grand Turk, South Caicos, West Caicos, and Dellis Cay; between Canada and the The Continental United States and the Cayman Islands shall be based on the following: (A) Effective 6/28/2009

Bunker Surcharge Chart: (I) (A) Effective 6/28/2009

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.

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 $50

Effective June 28, 2009 the bunker surcharge shall be based on the new WTI Cushing Spot price of $60

Effective July 26, 2009 the bunker surcharge shall be based on the new (estimated) WTI Cushing Spot price of $70

Review and Final Publication Date

The fourth 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. Between Canada and: