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MEETING THE OBJECTIVE OF REDUCING OUR ENVIRONMENTAL IMPACT
2020 SULPHUR CAP
Scenario 2020 – LOW SULPHUR REGULATION
It is time to make a better world, and therefore we commit to fulfil the objective of lowering our impact on the environment.
The IMO regulation Annex VI of the MARPOL specifies that the sulfur content of marine fuel reducing from 3.5% to a maximum of 0.5% starting on 1st of January 2020 on a worldwide basis and in the specific ECA (Emission Control Areas) the limit is 0.1% to minimize the emissions of sulphur oxides from ships to maintain well-being of the planet.
MARGUISA supports the new measures which will improve the ecological footprint of the shipping industry in our planet.
CHANGEin the fuel
consumption distribution
INCREASEin the bunker
costs
NEWtechnologies to
come
WHAT DOES IT IMPLY?
Scenario 2020 – LOW SULPHUR REGULATION
Limitation in the HSFO
demand
Increase in the cost of
LSFO
Additional cost of installing scrubbers
In order to adapt the cost structure of our different services to the new Sulphur emission regulation, Marguisa will implement an additional adjustment bunker clause in our standard terms and conditions quotations based the following formula for the calculation of the bunker surcharge
Fuel price will be based on the bunker price for each specific trade and service
The average monthly price to be according to Platts fuel index at the
place of bunkering
From Q4 2019, LSFO 0.5% prices will commence to apply
The fuel consumption per round voyage divided by the total freight tons of different
cargoes type loaded per voyage
It is also based in the size of ships, the number of vessels and the trade imbalance
per specific corridor
MBAF for month “M” is set one month in advance and will be charged in addition
to basic ocean freight
Effective from 1 October 2019
Scenario 2020 – LOW SULPHUR REGULATION – MPV/RORO
FUEL PRICE/TON
(Difference between the average bunker price of the previous month “M-1” and
the budgeted yearly average price)
TRADE FACTOR
(Bunker consumption ÷Cargo type frt per trip)
MBAF(Marguisa Bunker
Adjustment Factor)
