Common use of Trading Policy Clause in Contracts

Trading Policy. The Company and its Subsidiaries will -------------- maintain and follow a policy of managing petroleum inventory risk with the objective of minimizing potentially adverse impacts on earnings arising from volatility in refined petroleum product prices. The Lenders acknowledge that the policy described in the Risk and Product Management Policy Statement dated May 1998 of TransMontaigne Product Services Inc., an Arkansas corporation, as modified by the letter dated October 30, 1998 from the Company to the Agent, a full copy of which is attached to this Credit Agreement as Exhibit 6.2.5, represents such a policy.

Trading Policy. The Company and its Subsidiaries will -------------- maintain and follow a policy of managing petroleum inventory risk with the objective of minimizing potentially adverse impacts on earnings arising from volatility in refined petroleum product prices. The Lenders acknowledge that the policy described in the Risk and Product Management Policy Statement dated May March 1998 of TransMontaigne Product Services Inc. (formerly known as Continental Ozark, Inc.), an Arkansas corporation, as modified by the letter dated October 30, 1998 from the Company to the Agent, a full copy of which is attached to this Credit Agreement as Exhibit 6.2.5, represents such a policy.