Hamburg Süd announces EFF as from Dec. 1, 2019
Hamburg Süd say it will introduce an Environmental Fuel Fee (EFF) effective 1 December 2019 to cover the increase in fuel-related costs associated to the implementation of the IMO 2020 regulation.
The EFF tariffs have been calculated using the price difference between high sulphur fuel and low sulphur fuel. The difference calculated is 193,08 USD/ton. The details on the period and reference ports used for the calculation can be found in the table below.
For all agreements subject to Hamburg Süd’s BAF, the EFF will expire after December 31, 2019.