Ocean Surcharges Increase (French)

Issue 047, December 10, 2007

With the recent appreciation of the Canadian dollar and raising fuel costs, carriers are looking to recoup lost revenue due to these sudden increases. Below you will find surcharges put forth by the carriers to offset these increases.

Currency Adjustment Factor (CAF)

Effective January 1st, 2008 from all Asia origins except Japan, where it will take effect February 1st, 2008. The Currency Adjustment Factor surcharge is intended to address rising local currency operating costs, given the recent sharp appreciation of the Canadian dollar relative to the U.S. dollar in which freight rates are assessed. An internal survey conducted by CTSA revealed that in the period from January to November 2007, the exchange rate shift from 1.16 Canadian dollars to 0.93 in relation to the U.S. dollar, has had a significant impact on carrier costs.

Emergency Bunker (EBAF)

Given that the BAF is included in the ocean freight rates negotiated with the carriers, and the sharp raise in fuel costs, the carriers will implement the following Emergency Bunker Surcharge. A few months ago, no one would have imagined that Bunker Fuel prices would cross the $400/ton level. But since September the Bunker Fuel has gone up to almost $525/ton in major ports around the world. This is a 30% increases since September.

DHL Global Forwarding will continue to monitor the market and report any further developments. As always, we thank you for your continued support of DHL Global Forwarding.

Troy A. Cowen
Director Ocean Freight, Canada
DHL Global Forwarding