The Implementation of WRS for Gulf Trade

July 10, 2019

The Implementation of WRS for Gulf Trade

The Implementation of WRS for Gulf Trade

Dear Valued Customer;

Considering the heightened situation around the Middle East, in specific for cargo moving through the Hormuz strait/Gulf of Aden/Persian Gulf which has caused premium cost increases. Within such circumstances, COSCO SHIPPING LINES has decided to implement WRS (War Risk Surcharge) for all shipments on AET trade for ocean freight payer’s account and effective as per below mentioned figures until next notice.

Trade Lane – Asia Europe Trade

From/To – Gulf/Europe, Gulf/Med, Europe/Gulf, Med/Gulf

Effective Date (On-Board Date) – 21st July 2019

Amount – USD 50.00 per TEU (All Container Types)

1. Gulf includes: Iraq, Kuwait, Saudi Arabia (Eastern Coastal), Bahrain, Qatar, United Arab Emirates, Oman.

2. Europe includes: North West Europe and Mediterranean countries served.

WRS is floating and will be reviewed til notice. It will be connected with basic ocean freight and other surcharges which you can find in our E-business website: http://elines.coscoshipping.com/ebusiness/EuropeTradePrice

3. For shipments inbound to Syria, the new WRS will be calculated as USD 74/148.

Your kind cooperation will be highly appreciated. Should you require any further information, please do not hesitate to contact your local COSCO Shipping Lines office.

Thank you for your continued support.

Regards,

COSCO Shipping Lines (UK) Limited

 

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