06NOV2019 - NEWS - CMA CGM announces Low Sulphur Surcharge from Dec 1

CMA CGM has introduced a Low Sulphur Surcharge (LSS20) effective December 1st, 2019 to cover the increase in fuel-related costs associated with the implementation of the IMO 2020 regulation.

The LSS20 tariffs have been calculated using the price difference between high sulphur fuel and low sulphur fuel average prices of October.

“As per our last announcement related to calculation, the retained value is USD 200 per ton, which is multiplied by trade coefficient. The LSS20 will be applicable to all contracts with validity up to three months and the tariff values are available online,” the company said.