An update for Marine Fuel Recovery

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Surcharges

An update for Marine Fuel Recovery (MFR) is available

The container shipping industry is always evolving, and can sometimes be complex. As part of our quality promises, we want to ensure transparency on the transportation costs to support your financial planning.

With this in mind, we would like to share an update for one of the calculation parameters of the Marine Fuel Recovery (MFR) surcharge. More specifically, the Schedule Data parameter’s calculation has been reviewed with the latest market data.

To give you an insight about MFR, this surcharge is applicable for all trades. You will find MFR as a separate surcharge on your invoice and Bill of Lading. It is composed of three elements: Schedule Data, Consumption and Utilization. We are committed to adjusting each calculation parameter to reflect the current market situation. In this case, the update of the Schedule Data parameter reflects changes that are mainly triggered by increased vessel sizes, leading to higher fuel efficiency and lower fuel consumption.

You will be able to see the new MFR values that are effective from January 1, 2022 reflected here. Please keep in mind that 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 visit our website to view the latest MFR updates. If you should require more information, please contact our customer service team at your location who will be glad to guide you based on your individual situation.

 

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