Rate Announcement Caribbean, Bahamas, Virgin Islands

2004-10-28

General Rate Increase Announcement – June 30, 2005

Caribbean

Due to continuing escalation of administrative, operating, equipment leasing costs and other factors, Crowley Liner Services will be implementing the following General Rate Increases throughout the Caribbean. Effective July 31, 2005:
Between the U.S. and destination islands: Anguilla, Montserrat, Saba, St. Barts, St. Eustatius and Trinidad:
$100/ 20
$200 / 40
$240 / 45
$5.00 W/M NIT Veh EXC 700 CFT
$50 Veh NEX 700 CFT

Between the U.S. and destination islands: Barbados, St. Kitts, Nevis, St. Maarten and St. Vincent:
$150/ 20
$300 / 40
$360 / 45
$7.50 W/M NIT Veh EXC 700 CFT
$75 Vehicles NEX 700 CFT

Effective August 1, 2005 Between the U.S. and destination islands: Tortola and Virgin Gorda, BVI:
$50 / 20
$100 / 40
$115 / 45

Virgin Islands

Effective August 1, 2005 Between the U.S. and destination islands: Virgin Islands:
$75/ 20
$150 / 40
$169 / 45
$8.00 W/M NIT
$25 Vehicles NEX 700 CFT

Effective August 1, 2005 From San Juan, PR to the Virgin Islands:
$50/ 20
$100 / 40
$125 / 45

General Rate Increases apply on open tariff and service contracts. If you have any questions, please feel free to call your Sales Representative. Thank you for your support.

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Bunker Surcharge – Virgin Islands, Tortola and Virgin Gorda to be rolled into the ocean freight effective May 1

20′ – BSC $154 ($66 will be rolled into the ocean freight )
40′ – BSC $308 ( $132 will be rolled into the ocean freight )
45′ and up – BSC $350 ($140 will be rolled into the ocean freight )

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BUNKER FUEL SURCHARGE – Virgin Islands

Please be advised, effective May 1, 2005 the Bunker Fuel Surcharge for the Virgin Islands will be increased $70 per TEU.

20′ from $150 to $220
40′ from $300 to $440
45′ and up from $350 to $490

BUNKER FUEL SURCHARGE – Tortola/Virgin Gorda, British Virgin Islands

Please be advised, effective May 1, 2005 the Bunker Fuel Surcharge for the Virgin Islands will be increased $70 per TEU.

20′ from $150 to $220
40′ from $300 to $440
45′ and up from $350 to $490

The Bunker Increases apply on contract and open tariff cargo.

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BUNKER SURCHARGE INCREASE – The Caribbean

Due to the escalation of fuel prices, members of the Caribbean Shipowners Association who are Bernuth Lines, CMA-CGM, Crowley Liner Services, Interline, Lykes Line, Seaboard Marine, SeaFreight Line, and Tropical Shipping, providing service between the United States and Caribbean destinations (Anguilla, Antigua, Barbados, Dominica, Grenada, Guadeloupe, Martinique, Montserrat, Saba, St Barths, St Eustatius, St Kitts & Nevis, St Lucia, St Maarten, St Vincent, Trinidad, Haiti, Jamaica, Guyana and Suriname), announce the necessity to publish effective Sunday, April 24, 2005, based on the West Texas Intermediate Crude Oil price of $50 per barrel as follows:

Effective April 24, 2005

The Bunker Surcharge is assessed in addition to all other charges, and applies to all tariff and service contract rates. For further information kindly contact your Crowley Sales Executive.

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BUNKER SURCHARGE INCREASE – Nassau, The Bahamas

Due to the escalation of fuel prices, members of the Bahamas Shipowners Association serving Nassau, who are, Crowley Liner Services, Pioneer Shipping, Seaboard Marine and Tropical Shipping, announce the necessity to publish effective Sunday, April 24, 2005, based on the West Texas Intermediate Crude Oil price of $50 per barrel as follows:

Effective April 24, 2005

The Bunker Surcharge is assessed in addition to all other charges, and applies to all tariff and service contract rates. For further information kindly contact your Crowley Sales Executive.

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BUNKER SURCHARGE ROLL IN

Please be advised, effective March 6, 2005 we will roll in a portion of our existing Bunker Surcharge into the Ocean Freight rate for the Caribbean and Bahamas. The VI Bunker roll in will be effective March 27, 2005. Vessel fuel expenses are a major component of the overall operating expenses of our vessels, as well as intermodal fuel expenses and are a cost of doing business. Please note that this action does not change the total freight rate. The new Bunker Surcharge levels are listed below.

Caribbean Bunker – Effective 3/6/05

20′ container $93 (currently $387)

40′ container $168 (currently $700)

>40’container $192 (currently $800)

Vehicle NIT $4 w/m (currently $16 w/m)

Bahamas – Effective 3/6/05

20′ container $36 (currently $220)

40′ container $72 (currently $373)

>40’container $84 (currently $433)

Vehicles $36 (currently $40)

NIT $4 w/m (currently $17 w/m)

Virgin Islands (Including Tortola and Virgin Gorda) – Effective 3/27/05

20′ container $150 (currently $234)

40′ container $300 (currently $468)

>40’container $350 (currently $517)

Vehicles $50 (currently $75)

NIT $8 w/m (currently $12 w/m)

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2005 GENERAL RATE INCREASES **** UPDATE ****

The following adjusted GRI for Nassau, Bahamas effective 2/27/04 will be as follows:

Bahamas -Effective 2/27/05

20′ – + $100

40′ – +$200

45′ – +$225

vehicles nex 700 cft – +$100

W/MLCL NIT& vehicles exceeding 700 cft – + $5

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2005 GENERAL RATE INCREASES

Caribbean – Effective 1/30/05 + $50.00 TEU
Breakbulk and vehicles exceeding 700 cft + $2 w/m
+$50.00 vehicles not exceeding 700 cft
Effective 7/31/05 + $100.00 TEU ‘Applies on Southbound Cargo Only’

Trinidad- Effective 1/30/05 + $100 TEU
Breakbulk and vehicles exceeding 700 cft + $3 w/m
+$50.00 vehicles not exceeding 700 cft
Effective 4/10/05 + $150 TEU’Applies on Southbound Cargo Only’
Effective 7/31/05 + $100 TEU

Bahamas -Effective 2/27/05 + $75 20’+$150 40′ +$170 45’+$100 vehicles nex 700 cft +$5.00 W/M exc 700 cft

GRI’s Apply on open tariff and contract cargo. If you have any questions, please do not hesitate to contact your sales executive.

Bunker Fuel Surcharge Announcment –

Effective November 28, 2004 –

Caribbean

Due to continued rising costs in fuel per barrel, the Bunker Fuel Surcharge will be increased as shown below:

Bahamas

Virgin Islands

Vehicles & NIT – Vehicles (not exc 700 cft) will increase by an additional $25, from $50 to $75 per unit.

Non-Containerized Machinery – will increase by an additional $20, from $80 to $100 per unit.

Tortola

Vehicles and NIT – Vehicles (not exc 700 cft) will increase by an additional $25, from $50 to $75 per unit.

Non-Containerized Machinery – will increase by an additional $50, from $50 to $100 per unit.

Bunker Fuel Surcharge Increases apply on open tariff and service contracts. If you have any questions, please feel free to call your Sales Representative. Thank you for your support.