The clock is ticking on the IMO 2020 low-sulphur, bunker deadline and yet much work remains to be done. Our new Cost Impact Calculator - helps bring clarity to shippers/BCOs who are uncertain of the full commercial impact of the regulatory change on their ocean freight costs and procurement decisions.
As we begin the countdown to the 2020 regulatory deadline, we identify some of the issues worth closer scrutiny and offers tips to help you improve fuel clauses in 2019 contracts. For assistance with designing your own fuel charge programme contact us at firstname.lastname@example.org
A Drewry survey of global shippers and freight forwarders completed in Sept 2018 found that three quarters of respondents had yet to receive information from their carriers on how they planned to recover the fuel cost increases widely anticipated to accompany the regulatory change. More worryingly, over half of respondents did not consider their service providers’ existing approaches as either fair or transparent.
The need for clear understanding and transparency cut to the very heart of the matter. In responding to the concerns of shippers, we have developed a new range of fuel cost verification services alongside our freight procurement and cost benchmarking products to help medium and larger BCOs better understand their fuel cost exposure and mitigate future cost increases.
To discuss participation in Drewry’s IMO fuel cost initiative, contact us: