BUNKER FUEL SURCHARGE ADJUSTMENT

CARIBBEAN / VIRGIN ISLANDS / BRITISH VIRGIN ISLANDS

To Our Valued Customers:

Due to the cost per barrel fluctuating over the past four weeks the Bunker Fuel Surcharge will be decreased effective September 21, 2008 as shown below:

Bunker Fuel Surcharge

Equipment / Size Surcharge / Adjustment
20' Equipment $468 (-$120)
40' Equipment $920 (-$240)
Over 40' Equip $1,038 (-$270)
Vehicles nex 700 cft $264 (-$70)

Projected/tentative adjustment scheduled for 10/5/08 as follows:

Equipment / Surcharge
20' Equipment $708
40' Equipment $1,400
Over 40' Equip $1,578
Vehicles nex 700 cft $404

The above increase scheduled for 10/5/08 will be reviewed for any downward adjustment if the cost per barrel allows a reduction.

*San Juan to the Caribbean Bunker Fuel Adjustment

Equipment / Size / Surcharge / Adjustment
20' Equipment $386 (-$32)
40' Equipment $760 (-$60)
Over 40' Equip $863 (-$67)
Vehicles nex 700 cft $228 (-$26)

Projected/tentative adjustment scheduled for 10/5/08 as follows:

Equipment / Size / Surcharge
20' Equipment $472
40' Equipment $932
Over 40' Equip $1,056
Vehicles nex 700 cft $303

The above increase scheduled for 10/5/08 will be reviewed for any downward adjustment if the cost per barrel allows a reduction.

The Bunker Fuel Surcharge is assessed in addition to all other charges, applicable to all tariff and service contract rates in the U.S. and Puerto Rico to/from the Caribbean, Virgin and British Virgin Islands. Crowley Caribbean Services will continue to monitor the fuel prices and make adjustments on an as needed basis.


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