2020 fuel compliance and cost recovery — what will be the formula?

2020 fuel compliance and cost recovery — what will be the formula?

Given bunker price volatility and spotty surcharge collection, it makes little economic sense for ocean carriers to sign contracts without separate, floating bunker surcharges. On the other hand, shippers don’t want to pay for increases not allowed under all-in rate or no-adjustment contracts. One solution may be a standardized, transparent, bunker surcharge formula.

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