UPDATE – Bunker Adjustment – Bunker Fuel Surcharge Increase Effective March 27, 2011

February 28, 2011

2011-02-25

To Our Valued Customers,

Due to the continued unpredictable and rapid escalation in fuel prices, effective March 27, 2011 the Bunker Fuel Surcharge will be increased as indicated below. The Bunker Fuel Surcharge is applicable to all contract and tariff rates, northbound and southbound, from the United States to the Eastern Caribbean, Virgin Islands and British Virgin Islands, and from San Juan, Puerto Rico to the Eastern Caribbean, Virgin Islands and British Virgin Islands, including inter-island cargo. Due to the volatility in world fuel prices, subsequent stepped increases in the Bunker Fuel Surcharge will be forward filed with effective dates of April 3 and April 10, 2011. Fuel prices will be monitored weekly, forward filings will be adjusted accordingly when or if necessary.

Equipment	New Increase Amount	New Bunker Effective 3/27/2011
20′ Eqpt	+$120	$390
40′ Eqpt	+$240	$780
Over 40′ Eqpt	+$270	$879
Vehicles nex 700 cfr	+$72	$231

Forwarding Filing: Effective April 3, 2011
Equipment	Increase Amount
20′ Eqpt	+$30
40′ Eqpt	+$60
Over 40′ Eqpt	+$68
Vehicles nex 700 cfr	+$18

Forwarding Filing: Effective April 10, 2011
Equipment	Increase Amount
20′ Eqpt	+$30
40′ Eqpt	+$60
Over 40′ Eqpt	+$68
Vehicles nex 700 cfr	+$18

Crowley Caribbean Services will continue to monitor fuel prices and make adjustments on an as needed basis. Please advise your customers of the adjustments listed above.

If you have any questions please contact your sales representative or the Customer Service Department at 1-800-276-9539.

Please rely on Crowley for schedule changes and operational updates should there be any. Crowley sailing schedules are always available by visiting https://www.crowley.com/liner-shipping-services/services.asp

Thank you.