To Our Valued Customers and Agents:

Please find enclosed the new tariff for the Crescent River Port Pilots’ Association as approved and implemented by the Louisiana Pilotage Fee Commission (the “Commission”) in Order Nos. P15-002, P15-003, Consolidated, P15-008, and P07-001 (the “Orders”). Pursuant to the Orders, general tariff rates and fees for 2020 will increase by a total of 1.35% to recover the ordinary and necessary operating and administrative expenses of pilotage. The necessary adjustments to the tariff will be implemented January 1, 2020, and will remain in effect through December 31, 2020 or until amended by order of the Commission.

Please take the time to review the new tariff and direct any questions that you may have to our Chief Financial Officer, Mark Nelson, at 504-392-5016, or by email at mnelson@crescentpilots.com.