Are you overpaying? Why shippers should revisit emergency fuel surcharges now
AI Summary
Due to the Iran conflict, ocean carriers have introduced emergency bunker fuel surcharges atop standard adjustments, creating a risk that shippers may be paying twice for increased fuel costs. This situation calls for shippers to reassess fuel surcharge payments to avoid overpayment.
Amid the Iran conflict, the introduction by ocean carriers of emergency bunker surcharges on top of standard adjustments created a risk that shippers were double-paying for fuel price increases. The post Are you overpaying? Why shippers should revisit emergency fuel surcharges now appeared first on FreightWaves.
Conflict Politics Markets Commodities Shipping emergency fuel surcharge Iran conflict shipping costs bunker fuel fuel price increase surge risks