ONE informed that it has encountered significant inflation of fuel costs over recent months, as bunker fuel prices have increased by more than 25% during 2018. This increase in fuel costs made the company to implement a Bunker cost Recovery Surcharge (BRS) charge on a widespread basis.
The increasing fuel prices forced ONE to adjust its approach to bunker related pricing components. For this reason, it will implement a Bunker cost Recovery Surcharge (BRS).
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The BRS will not be applied if a customer has a mutually agreed floating BAF mechanism in place as a part of their contract construction.
Where applicable – except for export cargo from Mainland China- BRS will be implemented as per below table. The BRS will vary by Trade Lane and will be derived via a logical & equitable calculation mechanism.
In addition, three shipping giants, Maersk, MSC, and CMA CGM, have announced introduction of Emergency Bunker Surcharges, due to the increasing fuel costs.
Namely, fuel prices have increased by more that 30% this year, and almost 70% since last June.
