Notice for the Transfer of the Trans-Atlantic Service to COSCO SHIPPING Lines, Co., Ltd.
03-01-2019

To All Concerned Parties:

This is to notify you that COSCO SHIPPING Lines (Europe) GmbH (the wholly-owned subsidiary of COSCO SHIPPING Lines, Co., Ltd.) will transfer the Trans-Atlantic Service business(MENA, TAE and EAG service) back to COSCO SHIPPING Lines, Co., Ltd.
Following the transfer we will be in a better position to improve overall customer service and we have identified further synergy advantages in our organization that will be to the benefit of our customers.
The specific time of service transfer shall be subject to the cut-off voyage published on our web page, butis anticipated to begin on April 1, 2019. After the transfer, COSCO SHIPPING Lines, Co., Ltd. will be the carrier identified for the Trans-Atlantic services and the B/Ls will be issued under the name of COSCO SHIPPING Lines, Co., Ltd.
Meanwhile, the current sales personnel and the existing network of customer service channels, as well as their contact information, will remain unchanged.
Please contact our local team for detailed cut-off voyage and further information.
Thank you for your continuous support.


Announcement of Bunker Adjustment Surcharge
20-12-2018

In response to the fluctuating bunker prices and to reasonably compensate for our soaring bunker costs, COSCO SHIPPING is going to introduce a Bunker Adjustment Surcharge from January 1st, 2019 aiming at truly reflecting the variations in bunker costs and facilitating our clients to calculate their logistics costs.

I. Calculation Formula

Calculation formula is as following:

Bunker Cost Variation /TEU * Trade Lane Adjustment Factor

This formula is a result of comprehensive consideration of all involved factors including bunker price fluctuation, actual Bunker consumption, trade balance and loading fact.

In respect to the practical habits, this surcharge will be given different codes in different trade areas. For example, BAF in TP or AUS & NZ trades areas ( For TP trades, reference is made to our filing result at FMC ), BUC in Latin America and FAF in the rest of trade areas.

II. Adjustment mechanism

Bunker price will be reviewed at monthly interval. A fluctuation over 30USD will trigger an adjustment. (Please contact trade division concerned for more details.)

III. Bunker Price

The Bunker price referred in the formula will be a monthly average of price index at major ports including Rotterdam and Singapore, etc.

IV. Reefer cargos

According to the average power consumption of reefer equipment, the bunker adjustment surcharge for reefer cargos will be 1.5 times of dry cargo.

V. Examples

Examples of calculation result from October 15 to November 15, 2018 when the average Bunker price stood at USD400/TON.

Trade Lane

Bound

Bunker Price 400USD/TON

Bunker Adjustment Surcharges (USD/TEU)

AEU

West/East

94/27

AEM

West/East

94/27

AUS

South/North

34/7

AUZ

South/North

66/14

IAG

West/East

36/8

IAR

West/East

45/16

AAT

West/East

100/40

AAW

West/East

105/35

ACA

West/East

110/10

AAS

West/East

100/30

AWA

West/East

120/25

AEA

West/East

100/10

Freight All Kind (FAK) rates and other applicable surcharges on Far EastEurope & Mediterranean Trade are available at following links. Further rate information for other trade lanes, please contact our local sales team.

W.B http://elines.coscoshipping.com/reference/20181212/FAK.pdf

E.B. http://elines.coscoshipping.com/reference/20181212/FAKEAST.pdf

 

SOLAS VGM Herewith we want to give more information about SOLAS VGM:
English version / Chinese version

Container Mass Decleration
VGM Guide for Customer
Online VGM Submission Guide
VGM Gross Mass Decleration Excel
Q&A

Stop requests for merchant customs clearance of transhipment containers in Rotterdam If consignees want to have containers customs cleared in Rotterdam they must inform ?in addition to their clearing agent - the Cosco office or agent at the final port of destination. The Cosco office or agent at the final port of destination shall inform the transhipment department at Cosco Rotterdam not later than 3 working days before the expected time of arrival of the Cosco vessel. Stop requests received from others than the agent at final destination are not accepted. For further information please contact: transhipment@coscoshipping.nl
Effective January 1st 2011 All ocean carriers are required to submit a list of legislation-defined data elements to EU Customs at a vessel's first EU port of call, at least 24 hours prior to cargo loading onboard the European Union bound vessel.
For more details see our Notice of entry summary declaration surcharge and Customer Notice