Emirates Post Fuel Surcharge uses an index-based fuel surcharge that is adjusted monthly. The surcharge is based on the Platts Global Jet Fuel Index, which is a weighted average of Platts jet fuel assessments from major global trading, supply, and demand centers. The weightings in the index represent a broad view of the proportional demand for jet fuel around the world. Changes to the fuel surcharge are effective the first Monday of each month and are posted prior to the effective date.
Week | Index |
---|---|
18 Nov – 25 Nov | 358.5 |
Platts Jet fuel Price Index | EP Fuel Surcharge | |
---|---|---|
At Least | But Less Than | Percentage |
0 | 400 | 10.5% |
401 | 425 | 10.5% |
426 | 450 | 11% |
451 | 475 | 11.5% |
476 | 500 | 12% |
501 | 525 | 12.5% |
Fluctuations in prevailing international fuel prices result in impacts to the baseline costs and overheads associated with the provision of logistics services. This necessitates the application of a variable fuel surcharge (FSC) which may increase or decrease in line with movements in fuel prices.
The fuel surcharge percentage for Emirates Post’s services is subject to periodic adjustment is based on:
• Platts Jet Fuel Price Index published by S&P Global Platts for International Products (Platts)
Changes to the above index are therefore monitored closely with any variation reflected in the FSC published by Emirates Post. Any change to the FSC (if applicable) will be monitored and applied on a periodic two week basis, in alignment with the release dates of the aforementioned index.
Depending on the actual day of index data release, information on the FSC surcharge change (if applicable) will be made available to all customers via this web page by Friday of the week prior to the updated rate being applicable. Emirates Post reserves the right to change the fuel surcharge index and table with or without notice. Both the amount and duration of the surcharge will be determined at Emirates Post’s sole discretion.
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