Dear Valued Customer,
We are announcing the below IMO 2020 surcharges which will be applied to all cargo sailing January 1, 2021 and beyond.
The IMO 2020 has become quite stable, so the Vanguard IMO 2020 Surcharge will continue to be published quarterly, on or before the 20th of third month and effective on the 1st of the following quarter.
We hope to maintain a quarterly cadence, but should the carrier’s charges become fluid, we will revert to a monthly calculation.
For US cargo which is governed by the FMC regulations, we will file another regulatory place holder for cargo received after December 15 and sailing on or after January 1, 2021. The actual per cubic meter rate will be advised as the carriers make their announcements. We will continue to announce any expected increases 30 days prior to the implementation.
The surcharges are calculated as a means for us simply to recover our actual cost by calculating a weighted average of the costs imposed by the carrier on each trade lane. This IMO 2020 surcharge will be on every invoice issued by Vanguard on or after the effective dates.
- Please note that this surcharge applies to all cargo shipped to or transshipment via the specified destination ports/points.
- W/M = 1 CBM/1000 KGS (or 1 CBM/500 KGS for Caribbean and Central American destinations)
The IMO 2020 matrix attached reflects our main trade lanes, but as you will see, is not inclusive of each and every port combination. Our regional teams will circulate local announcements with niche markets included. In addition, we have developed an IMO 2020 look up tool.
We thank you for your ongoing support and are here to answer any questions you may have on this topic.
Please refer to our website or reach out to your local contacts should you have any questions or require further information.
We wish you a very happy holiday season, and look forward to a 2021 full of success and joy.
Kind regards,
Vanguard Logistics Services