Dear Valued Customer,
As communicated in October 2022, Hamburg Süd launched the Fuel Adjustment Factor (FAF), an index-based mechanism to calculate and incorporate the fuel cost variation into Inland prices and facilitate contractual rates review. As stated, it is reviewed every three months and adjusted off current fuel prices. We are now writing to let you know that it has now been reviewed and adjusted in accordance with the quarterly review. The adjusted rates will be effective as of 1 January 2023.
Please note that the FAF is country specific and will tied to a public index, as fuel prices can vary due to a combination of factors that are country specific. We do this to ensure that the FAF covers actual fuel cost variations as accurately as possible. The FAF aims to provide transparency into your cost structure through use of the public index.
The FAF is applicable to all landside transportation, including barge, rail and trucking, and combinations thereof.
The adjusted FAF will be reflected on your billing information. The full overview of the fuel prices can be found here.
Our teams are here to serve you, so please do not hesitate to contact the Hamburg Süd Customer teams if you have any questions.
We are always by your side.
Kind regards,
Your Hamburg Süd Team