TransMontaigne Partners L.P. Expects No Direct Financial Impact from Proposed FERC Pipeline Policy Revisions

March 22, 2018

DENVER–(BUSINESS WIRE)–The Federal Energy Regulatory Commission ("FERC") recently announced
proposed revisions to its 2005 Policy Statement for Recovery of Income
Tax Costs such that it will no longer allow master limited partnerships
to recover an income tax allowance in their pipeline cost of
service-based rates. In response to this announcement, TransMontaigne
Partners L.P. (NYSE:TLP) (the "Partnership") confirms that it does not
currently provide services pursuant to FERC jurisdictional cost of
service-based rates, and as such, expects no direct financial impact
from the FERC’s Policy revisions.

The Partnership’s pipelines include the Razorback Pipeline, which
provides transportation services between Mount Vernon, Missouri and
Rogers, Arkansas and the Diamondback Pipeline, which runs between
Brownsville, Texas and the United States-Mexico border. Together, these
two pipelines constitute less than 3% of our total 2017 revenue. Revenue
from these assets is earned by charging fees to contracted customers.
Current fees for the FERC-regulated Razorback and Diamondback Pipelines
were established via agreement with non-affiliated shippers, as opposed
to service-based rates.

About TransMontaigne Partners L.P.

TransMontaigne Partners L.P. is a terminaling and transportation company
based in Denver, Colorado with operations in the United States along the
Gulf Coast, in the Midwest, in Houston and Brownsville, Texas, along the
Mississippi and Ohio Rivers, the Southeast and the West Coast. We
provide integrated terminaling, storage, transportation and related
services for customers engaged in the distribution and marketing of
light refined petroleum products, heavy refined petroleum products,
crude oil, chemicals, fertilizers and other liquid products. Light
refined products include gasolines, diesel fuels, heating oil and jet
fuels; heavy refined products include residual fuel oils and asphalt. We
do not purchase or market products that we handle or transport. News and
additional information about TransMontaigne Partners L.P. is available
on our website: www.transmontaignepartners.com.

Forward-Looking Statements

This press release includes statements that may constitute
forward-looking statements made pursuant to the safe harbor provision of
the Private Securities Litigation Reform Act of 1995. These statements
include, but are not limited to, statements with respect to the FERC
Policy's impact on expected financial results and the FERC Policy's
expected impact on the Partnership's operations. Although the
Partnership believes that the expectations reflected in such
forward-looking statements are based on reasonable assumptions, such
statements are subject to risks and uncertainties that could cause
actual results to differ materially from those projected. Additional
important factors that could cause actual results to differ materially
from the Partnership’s expectations and may adversely affect its
business and results of operations are disclosed in "Item 1A. Risk
Factors" in the Partnership’s Annual Report on Form 10-K for the year
ended December 31, 2017, filed with the Securities and Exchange
Commission on March 15, 2018. The Partnership undertakes no obligation
to publicly update or revise any forward-looking statements except as
required by law.