Fuel Surcharge
Due to regulations and fluctuating prices, GEODIS applies fuel surcharges for Road and international Air Freight services.
The conflict between Russia and Ukraine causes shortages and uncertainties on the supply of fuel/energy for every means of transport and other services, whether directly or indirectly. This leads to highly volatile fuel/energy prices. We therefore explicitly reserve our rights to adjust our service or freight charges in case we are faced with increased fuel/energy costs by our carriers and suppliers.
Legal & Compliance Update
In order to mitigate the risks of the increasing energy and fuel costs, GEODIS has drafted a respective clause that has to be used in the respective templates and T&Cs:
4.3.3 Fuel Surcharge (revised clause)
Because of the volatile fuel costs, Parties agree that the Rates and Charges set forth in Appendix 2 are subject to prevailing fuel surcharges.
The Freight Forwarder shall pass on to the Customer one hundred percent (100%) of any fuel surcharge, including but not limited to the Bunker Adjustment Factor (BAF) and/or Fuel Rate Adjustment imposed by its transportation carrier (shipping carrier, air carrier, motor carrier, broker, or freight forwarder) when such surcharge is imposed pursuant to any law and/or any agreement between the Freight Forwarder and its transportation carriers.
With respect to the fuel surcharge applied by the air carrier without the relevant calculation schedule in annexure, the Freight Forwarder will apply the applicable GEODIS Fuel Surcharge found here adjusted automatically on bi-monthly basis.
With respect to the fuel surcharge applied by the shipping carriers without the relevant calculation schedule in annexure, the Freight Forwarder will apply the applicable GEODIS BAF adjusted quarterly and available upon request.
