OOCL notifies as follows:
Low Sulphur Bunker Surcharge Effective January 1st, 2015
Dear Valued Customer,
OOCL fully complies with all environmental regulation and requirements related to our operations and we would like to inform you that new regulations with regards to the use of Low Sulphur Marine Gas Oil (LSMGO) will come into force with effect from January 1st, 2015, reducing the level of LSMGO from 1.0%, down to 0.1% for the Emission Control Area (ECA) in the North Atlantic, Baltic Sea, English Channel and North Sea.
At this time, it is very difficult to predict the exact financial impact of this new regulation (due to the unpredictable and fluctuating nature of fuel prices) on our operations. But once the new regulation is in effect, it is our intention to adjust our Bunker Adjustment Factor (BAF) formula to incorporate the new LSMGO 0.1% fuel costs, using the actual ratio required on the round voyage.
We will thereafter calculate the resulting impact as our new “BAF inclusive of LS” on a monthly basis, and communicate the overall cost per TEU as our new BAF level for the various Transatlantic Trades. We will continue to provide customers with the minimum required statutory notice period.
We thank you for your understanding and continued support towards our ongoing efforts to improve the environment and contribute to a sustainable industry.