News Details

Implementation of Extra Risk Coverage Surcharge in Middle East


Due to the recent incidents in the Strait of Hormuz and the significantly increasing insurance costs in the Middle East region, APL is implementing Extra Risk Coverage Surcharge based on the scope as given:


Effective dates


* Within Middle East: July 5, 2019


* Brazil, China to Middle East/Middle East to Brazil, China: August 1, 2019


* US to Middle East/Middle East to US: August 5, 2019


Origin/destination: Oman, United Arab Emirates, Qatar, Bahrain, Saudi Arabia (except Jeddah), Kuwait, Iraq


Quantum: $36/TEU




1. Effective dates are based on BL dates


2. Additional countries might be added to the scope, depending on the situation in the region, said a release.


Source : Exim News Service - Singapore, July 10


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