NYK informs as follows:
In view of the prevailing heavy congestion faced in Manila port, operating vessels have been seriously delayed. In order to cover the additional cost of maintaining a regular service, NYK would like to implement
Origin Cost Recovery Surcharge at USD 100 per teu on all exports from Manila port
as well as to increase the existing
Destination Cost Recovery Surcharge from USD 50 per teu to USD 100 per teu for cargoes destined for Manila Port.
This surcharge will apply for as long as the current operational conditions continue.
Effective Date : 11th August 2014
Quantum : USD100/ teu
Shipment : All export and import cargoes at Manila port
Collect : Prepaid at origin for exports and collect at destination for imports
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