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The container shipping giant says the introduction of a low sulphur surcharge – called LSS20 – is ‘to cover the increase in fuel-related costs associated with the implementation of the IMO 2020 regulation’.

The February 2020 LSS20 tariffs are calculated using the difference between October 2019 high sulphur fuel oil prices and December 2019 low sulphur fuel oil prices.

As from 1 February 2020, the retained value is $275 per tonne, which is multiplied by a trade coefficient.

According to CMA CGM, the LSS20 will be applicable to all contracts with validity up to three months and the tariff values are available on the company's website.

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