|Fixed Rates and Revenue Days as of 4/15/11|
|Q3 2011||Q4 2011|
|Business Unit – Crude Oil|
|Average TCE Rate||$22,000||$20,000|
|Number of Revenue Days||157||100|
|Average TCE Rate||$18,500||$18,500|
|Number of Revenue Days||274||209|
|Business Unit – Refined Petroleum Products|
|Average TCE Rate||$14,000||$13,000|
|Number of Revenue Days||159||92|
|Business Unit – U.S. Flag|
|Average TCE Rate||$52,500||$52,000|
|Number of Revenue Days||1,009||920|
Appendix 4 – 2011 Fixed TCE Rates The following table shows average estimated TCE rates and associated days booked for the third and fourth quarters of 2011 as of April 15, 2011.
1 Includes one vessel on bareboat charter-out.