The Westbound Transpacific Stabilization Agreement announced plans to include in all their new and existing contracts, effective May 1, a $80 per 40-foot container; $64 per 20-foot container and $4 per revenue ton interim fuel assessment. The IFA will also be applied to tariff cargo moving under "all inclusive" tariff rates that have pre-established fuel charges built in.
The agreement cited the 80 percent increase in marine fuel and diesel oil over the past year as a reason for the increase.
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