Mayagüez Port Commission

Handbook and Tariff No. 02 Rules and Regulations Page 84 2012 2013 2014 2015 2016 16.7 Penalties The Port of Mayagüez reserves the right to charge penalties according to the conditions established for the Port use. 16.7.1 For not submitting documents or delinquent accounts 16.7.1.1 General Billing Documents - Vessel Operation Report and Vessel manifest must be 15% shall be assessed when documents are submitting filed at the Port Billing Office, not later than 24 hours (as per Working Hours late after due, applicable every additional 24 hours Schedule). period or fraction thereof. 16.7.1.2 Billing Documents for fueling 10% charge for missing documents every 24 hours period or fraction thereof 16.7.1.3 Delinquent accounts 20% annual interest over delinquent balance 16.7.2 Charges per Demurrage will be as follows: 16.7.2.1 For each of the first 5 Operating Days or fraction thereof after Free Time as $0.16 per CWT or $0.18 per CWT or $0.044 per freighted $0.04 per cubic feet cubic feet 16.7.2.2 For each Operating Day or fraction thereof, after the fifth day of paying $0.08 per CWT or $0.09 per CWT or $0.055 per Demurrage $0.05 per cubic feet cubic feet 16.7.2.3 Any type of motorized vehicle for each of the first 5 Operating Days or fraction $0.04 per cubic feet $0.044 per cubic feet thereof after Free Time 16.7.2.4 Any type of motorized vehicle for each Operating Days or fraction thereof, after $0.05 per cubic feet $0.055 per cubic feet the fifth day of paying Demurrage 16.7.3 Empty Containers - For each Operating Day or fraction thereof after Free Time $8.17 per unit $8.99 per unit 16.7.4 Empty Flatbeds - For each Operating Day or fraction thereof after Free Time $8.17 per unit $8.99 per unit 16.7.5 Docking penalty - Penalty is applicable to any unauthorized delay time which $5,000/hour and or fraction plus the reimbursement to interrupts the entrance or exit to the Port to other Vessels. the Vessel affected for the business interruption in the amount nor exceeded to $5,000 Mayagüez Port Commission Handbook and Tariff No. 2 Rules and Regulations CERTIFICATION AND APPROVAL This Handbook and Tariff No. 2 is prepared, adopted and promulgated by the Mayagüez Port Commission, as ordered in Article 4, item (1) of the Mayagüez Port Commission Organic Law No. 10 of May 18, 1959 (23 LPRA § 551, et seq.) and in compliance with Law No. 170 of August 12, 1988, as amended, and Regulation 5281 of August 3, 1995 of the Department of State of the Commonwealth of Puerto Rico. The Handbook and Tariff No. 2 rules and regulates the maritime operations and activities conducted at the Port of Mayagüez, as well as, determine, fix and impose tariffs, charges, rents and other miscellaneous fees for the services or use of the Port's facilities. (See 23 LPRS 555 (1). This document supersedes Rule No. 7973 of December 27, 2010, entitled "Handbook and Tariff No. 1A" since it is due in December 31, 2011. Handbook and Tariff No. 2 improves language, and incorporate certain clarifications to rules and conditions, such as to identify the specific tariffs value applicable for the use of the Port's facilities and services. In addition, are established the tariffs valid from January 1st of 2011 until December 31, 2016. Mayagüez Port Commission Handbook and Tariff No. 02 Rules and Regulations Page 85 Free Time before Demurrages or Penalties All Vessels for which are not applicable exceptions US Seaports and Puerto Rico Adjacent Islands. 5 Operating Days after arrival day Exceptions: Cargo subject to Federal Agencies clearance 6 Operating Days after arrival day Cargo and vehicles from Foreign countries 6 Operating Days after arrival day Cargo for the use of Federal, Commonwealth and Local 7 Operating Days after arrival day Government, exceeding 1,000 tons Shipments of one commodity or one consignee, in excess of 3,000 6 Operating Days after arrival day tons and up to 4,999 short tons Shipments of one commodity or one consignee, in excess of 5,000 7 Operating Days after arrival day tons Transshipment loose Cargo and vehicles 15 Operating Days after arrival day Transshipment loose Cargo and vehicles lifted from the Pier to 15 Operating Days after arrival day warehouse Transshipment Cargo and vehicles in Containers 15 Operating Days after arrival day Foreign diplomatic Cargo 30 Operating Days after arrival day