MARKETING & SALES DEPARTMENT

978-663-1192

 

December 30, 2003

 

Dear Customer:

 

Effective on February 1, 2004 Guilford Rail System / Springfield Terminal Railway will significantly change the way demurrage is charged at all stations on ST.  ST has issued its new Demurrage Tariff (ST6004) in order to simplify the process by which demurrage is assessed while, at the same time, providing ST with a basis for cost-effective management of its fleet of cars as well as other railroad cars and private cars.

 

The intent of our new demurrage tariff is to provide you with a simple, more flexible tool to assess your demurrage costs.  Some of the changes are outlined below:

 

·         Demurrage day equals calendar day.

·         All customers assumed to be Open Gate unless ST is advised otherwise.  Open Gate means that actual placement will constitute notification.

·         Two (2) credits earned for each empty release.

·         One (1) credit earned for each loaded release.

·         Allowance days will be automatically deducted from demurrage days.

·         Weekends are treated as regular days (See Item 80 for Holidays).

·         Daily demurrage is $60.00.

 

Cars released to the railroad after January 31, 2004 will be subject to the new demurrage provisions as published in ST6004 regardless of when said cars were originally placed or constructively placed.

 

For you convenience, the new demurrage tariff ST6004 will be available on our website ST6004Demurrage.pdf.

 

If you have any questions or comments on these changes or this new demurrage tariff please direct them to the undersigned or to your Account Manager / Sales Rep or to ST’s Director of Stations Bruce S. Nelson (978) 663-1080.

 

 

 

 

 

 

 

                                                                        Joseph K. Crawford

Vice President - Marketing

                                                                        Guilford Rail System

                                                                        978-663-1192

                                                                        jcrawford@guilfordrail.com

Enc.