New York Barge Rate Increase

Given the recent tariff increase by bunker barge operators in New York, Chemoil advises that it will begin charging the following rates for any deliveries on or after Oct 15, 2004.

Quantity (MTS) Rate

1 - 565 4,800.00 Flat

566 - 653 $8.50/MT

654 - 1025 $5,550.00 Flat

1026 - 1716 $5.41/MT

1717 - 2300 $9,300.00 Flat

2301 - 2493 $4.05/MT

2494 - 3400 $10,100.00 Flat

Over 3400 $2.97/MT

Boom Fee $410.00*

* Effective August 10, 2004

All deliveries will have an additional fuel surcharge rate of 12%.