Dear Valued Customers,<\/p>\n
As from 1 January 2020, the International Maritime Organization (IMO) will require all commercial vessels to reduce their Sulphur emissions into the atmosphere by using marine fuels with sulpher content not exceeding 0.5% in all shipping areas (except in ECA areas where a maximum of 0.1% remains).<\/p>\n
Thus, from 1 January 2020, our ships will have to consume exclusively 0.5% or 0.1% LSFO (Low Sulfur Fuel Oil),<\/strong> much more expensive than the HFO (Heavy Fuel Oil) used until now.<\/p>\n This very significant change in bunker costs on the West Indies implies an overhaul of our fee structure. We will now integrate a larger proportion of our fuel expenses into our base freight rates and set up a new Bunker Adjustement Factor (BAF)<\/strong> that can be revised monthly to reflect fluctuations in LSFO purchase prices.<\/p>\n From 1 December 2019 onwards, we are revising our pricing as follows:<\/em><\/strong><\/p>\n – Introduction of a new BAF<\/strong> (CAPIF replacement):\u00a0 <\/em>180 \u20ac \/ TEU <\/strong><\/p>\n – Integration of the differential in our Caribbean freight rates: + 370 \u20ac\/ TEU<\/strong><\/p>\n The LSS (Low Sulphur Surcharge) surcharge will continue to apply in addition to the BAF for maritime transport to and from ECA areas.<\/p>\n Our teams remain at your entire disposal for any additional information you may need.<\/p>\n We thank you for your trust.<\/p>\n","protected":false},"excerpt":{"rendered":" Dear Valued Customers, As from 1 January 2020, the International Maritime Organization (IMO) will require all commercial vessels to reduce their Sulphur emissions into the atmosphere by using marine fuels with sulpher content not exceeding 0.5% in all shipping areas (except in ECA areas where a maximum of 0.1% remains). Thus, from 1 January 2020, […]<\/p>\n","protected":false},"author":31,"featured_media":2517,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[316],"tags":[],"class_list":["post-4503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rates-surcharges"],"acf":[],"yoast_head":"\n