Emergency Bunker Surcharges

Dear Customer,

The increase in bunker price in 2018 has been significantly higher than expected and has now reached a level of 440 USD/ton in Europe, the highest since 2014. The increase is more than 20% compared to the beginning of 2018, and this unexpected development means that it is no longer possible for us to recover bunker costs through the standard bunker adjustment factors.

Due to the unsustainable nature of the situation, Maersk Line has decided to introduce an Emergency Bunker Surcharge (EBS) as a necessary action to ensure a continued sustainable service to our customers.

EBS will apply to all cargo globally, effective 1st June 2018 for non-FMC corridors and 1st July 2018 for FMC corridors. 1,2

The surcharge tariffs are as follows:

 

 

 

 

Tariff adjustment mechanism:
The EBS tariff communicated above is based on a bunker price of USD 440 (IFO380 in Rotterdam). EBS tariff is subject to change as per below trigger events:

  • Should the bunker price (IFO380 in Rotterdam) increase to a level of USD 530, EBS tariffs will be multiplied by a factor of 2.0.
  • Should the bunker price (IFO380 in Rotterdam) decrease to a level of USD 370, EBS tariffs will be zero.

For your reference, we have also included the levels and the rate structure for some sample corridors to/from Europe valid from today until further notice. These charges may be changed in the future, and we will notify you accordingly.

 

 

 

 

  • The above rates are also subject to other applicable surcharges, including local charges and contingency charges.
  • The above surcharge acronyms mean: OF (Ocean Freight), OHC (Origin Terminal Handling Charge), DHC (Destination Terminal Handling Charge), ERS (Emergency Risk Surcharge), SBF (Standard Bunker Adjustment Factor), LSS (Low Sulphur Surcharge) and PSS (Peak Season Surcharge).
  • These rates are unaffected by, and do not affect, any tariff notified, published or filed in accordance with local regulatory requirements.
  • For trades subject to the US Shipping Act or the China Maritime Regulations, quotations or surcharges that vary from the Maersk Line tariff shall not be binding on Maersk Line unless included in a service contract or service contract amendment that has been filed with the Federal Maritime Commission (FMC) or the Shanghai Shipping Exchange, as applicable.

If you have any questions, please feel free to reach out to your local sales or customer service representative. You will find contact details of our local offices on maerskline.com.


Sincerely,
Maersk Line


1 FMC regulated corridors include imports/exports from: US, Puerto Rico, American Samoa, Colombia and Taiwan.
2 Effective date for China is tentatively 1 June.