26/11/2014

Dear valued customers

Please find below a shipping line media release concerning USA port congestion surcharge

Dear Valued Customer,

It is widely acknowledged that current ongoing labor unrest on the US West Coast is serious and having huge negative impact on our vessel and terminal operations, including vessel delays, operational difficulties at ports and increased cargo dwell on terminals. During the past several weeks, Cosco has been working very hard with our suppliers to address the challenge and try

our best to minimize the effects to cargo interests’ supply chain. But as a result of such terrible congestion situation, the operational costs are increasing extraordinarily. As a follow up to earlier filing of this rule (Tariff Rule Number: 023-005) effective from May 15, 2014, Cosco is announcing Port Congestion Surcharge (PCT) on shipments discharging on the US West Coast as stated below. This surcharge is necessary and sustainable in order to cover increased costs as a result of reduced terminal efficiency and congestion due to the ongoing labor difficulties at the US West Coast ports.

Scope:

Origin: Far East/Oceania/Indian Sub-Continent

Destination: All cargo via US West Coast ports (Long Beach, Los Angeles, Oakland, Portland, Seattle, Tacoma)

Quantum:

• US$800 per 20′ container
• US$1000 per 40′ container
• US$1125 per 40′ High cube container
• US$1266 per 45′ High cube container

Effective date:

All cargo entering US West Coast ports based on shipment receipt on or after November 26, 2014.

Yours faithfully,

COSCON

 This entry was posted in Public News on November 26, 2014 by Aaron Poole.

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