On July 1st, the shipping company Danish containerized company Maersk to introduce Fossil Fuel Fee (FFF), a tariff on fossil fuels to be Applied to all new valid contract quotations more than three months and will gradually replace the nicknames Bunker Adjustment Factor (BAF) and Low Sulphur Surcharge (LSS) which are currently in force and are updated quarterly to the in order to cover the additional costs of sea freight forwarding determined by the type of fuel used, with the first changes in the cost of fuel, and the second introduced as a result of the new IMO rules limiting the sulphur contained in the fuel.

Specifying that the new FFF will be updated On a quarterly basis, Maersk explained that the new Fuel price correction will be applied in order to simplify the charging of these costs into a single surcharge, including in view of the possible introduction of new rules require the use of a new type of fuel that would the effect of increasing the complexity of the nicks.