We would like to keep you updated you on the previous communication regarding the Emergency Bunker Surcharge (EBS) with revised data.
As mentioned, the increase in bunker price in 2018 has been significantly higher than what had been 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 the year and this unexpected development means it is no longer possible for us to recover bunker costs through the standard bunker adjustment factors.
Due to the nature of the situation, Maersk Line is introducing an Emergency Bunker Surcharge (EBS) as a necessary action to ensure a continued sustainable service to our customers.
EBS will be applicable to all cargo on all trades – except for export shipments from China. The surcharge will be effective 1 June 2018 for non-regulated corridors and 1 July 2018 for regulated corridors 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.
1 - Export shipments from Mainland China is excluded from EBS, whereas EBS will apply in Hong Kong and Taiwan.
2 - Regulated corridors include imports/exports from: US, Puerto Rico, American Samoa, Colombia and Taiwan.