CMA CGM Introduces War Risk Surcharge in Middle East

July 02: Due to the recent incidents in the Strait of Hormuz and amid significantly increasing insurance costs in the Middle East region, French container transportation and shipping company CMA CGM is introducing war risk surcharges, as follows:

Effective July 5th, 2019 (B/L date) for all trades, except USA and China (August 1st, 2019):
From/To: Oman, the UAE, Qatar, Bahrein, Saudi Arabia (Dammam + Jubail), Kuwait, Iraq (*)
Quantum: USD 36 per TEU
Payable by the freight payor
All cargo
(*) Additional countries might be added depending on situation in the region.”

Source: AJOT

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