Worldwide Price Announcement – Marine Fuel Recovery Surcharge (MFR)

With this letter, we wish to inform you about the latest update on our Marine Fuel Recovery (MFR) table as global coverage.

Please note the MFR is valid for both directions and shown as a separate surcharge on your invoice and freighted Bill of Lading.

The worldwide MFR charges will be adjusted from the current to following revised levels, effective for sailings as of October 1, 2019 and valid until further notice:
For viewing latest details, please navigate to the MFR Values Overview table in the Trade Surcharges section of our website.

In line with previous announcements, we have adjusted the calculation mechanism of the MFR values for the 4th Quarter 2019.

In order to be fully compliant by January 1, 2020 we will start to refuel our vessels with the IMO2020 compliant fuel (LSFO 0.5%) in Q4 2019 already.
In this transition period, the prices for high-sulphur fuel oil (HSFO) and for low-sulphur fuel oil (LSFO 0.5%) are considered in an equal share in our MFR mechanism.

Further information about our IMO2020 strategy and our fuel mechanism can be found on our website.

The FAK base rates as well as Security related surcharges, Peak Season surcharges (if applicable) and Terminal Handling Charges (THCs) remain unchanged and can be found here. Other local charges and contingency surcharges may apply.

Please note that all changes that do require a legal 30-day notice are duly filed and announced in the respective Public Tariffs and this document shows some of these changes for international purpose only.

This document, in no way replaces the application of the Public Tariff.