Wan Hai Lines introduces revised bunker SURCHARGE mechanism
On 1st January 2020, the International Maritime Organization (IMO) will implement a new global sulphur cap for marine fuel oil in order to reduce Sulphur Oxides (SOx) emissions from ships. According to this new IMO 2020 Sulphur regulation, the sulphur content of marine fuel oil will have to be capped within 0.5% against current limit of 3.5%. By further reducing Sulphur Oxides emissions from ships, the new regulation is expected to bring additional benefits to the global environment and human health, especially for populations living near coastal areas.
As a socially responsible service operator and a member of the global shipping industry, Wan Hai Lines shall in all aspect fully comply with the new regulation so as to reduce the amount of Sulphur Oxides emission and to create a better environment for the global society. In preparation for the compliance with this new regulation, Wan Hai Lines will be obliged to take in 0.5% low Sulphur fuel from the beginning of fourth quarter 2019 due to both safety operation and technical adjustment concerns from existing machineries on board the ship. As a consequence, there is a need for Wan Hai Lines to introduce a revised bunker SURCHARGE mechanism to reflect the additional low Sulphur bunker cost with effect from 1st November 2019.
The followings are outlines of revised bunker SURCHARGE mechanism:
Name of the SURCHARGE: WBS
Effective Date: 1st November, 2019 based on shipment on-board date.
Application for WBS : All areas as stipulated in the WBS Matrix Table stated herein, with the exception of Cross-Strait region in Intra-Asia trade. The surcharge mechanism for services between Cross-Strait Region(to/from China, Hong Kong and Taiwan) shall be announced separately.
Mechanism: WBS will be computed on quarterly basis according to average low Sulphur fuel price taken from 60% Hong Kong and 40% Singapore respectively for the preceding 3 months period with an addition of 1 month pre-notice before implementation.
For Reefers, WBS will be applied 1.5 times of standard dry container.
For TP trade, Bunker Surcharge is subject to individual service contract.
For Intra Asia trade lanes, the [ Region A] and [Region B] is categorized by distance as below :
Remark:
1.N.PRC included Dalian, Tianjin, Qingdao, Lianyungang and all other ports tranship via them.
2.E.PRC included Shanghai, Ningbo, Fuzhouj, Jieyang, Xiamen and all other ports transhipd via them. 3.S.PRC included all ports in Guangdong province, Guangxi province,Hainan and all other ports tranship via them.
