North America Inland Fuel Surcharge
We would like to inform you that for the period beginning July 1st, 2021, our Inland Fuel Surcharge (IFS/EFS) will be $40 USD.
Our Inland Fuel Surcharge is calculated based on the weekly average fuel price published by the U.S. Energy Information Administration (EIA). Any $0.10 increase over the baseline fuel retail price of $2.52 USD per gallon will trigger a review of IFS/EFS. The calculation of cost will be based on fuel change published in EIA and corresponding Sealand fuel surcharge percentage.
The On Highway Diesel price for the prior 13 week period equates to an average price of USD $3.16 compared to a baseline of USD $2.52. Since $3.16 is above our baseline of $2.52, the IFS/EFS will be $40. This reflects our commitment to utilize the IFS/EFS as means for cost recovery should the prices of diesel rise higher than forecasted rates.
IFS/EFS surcharge applies for all import and export shipments with a US or Canada Store Door (SD) service.
The Inland Fuel Surcharge will not be applied should the quarterly average fuel retail price on the EIA website from the prior quarter be lower than $2.52 USD. When applicable, the Inland Fuel Surcharge will become effective the first day of each quarter: January 1st, April 1st, July 1st, and October 1st.
We will continue working beside you to find ways to keep you covered within the inland industry regulations, so your shipments continue to receive the care you expect. As your store door carrier, we will continue to actively monitor and provide timely updates on changes that may impact your supply chain.