| The Implementation of WRS for Gulf Trade. 12-07-2019 |
COSCO SHIPPING LINES decides to implement WRS (War Risk Surcharge) for all shipments of AET trade based on below scope(on ocean freight payer's account):
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| New Saudi Authority Regulation. 05-06-2019 |
New Saudi Authority Regulation.
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| Notice for the Transfer of the Trans-Atlantic Service to COSCO SHIPPING Lines, Co., Ltd. 03-01-2019 |
To All Concerned Parties:
This is to notify you that COSCO SHIPPING Lines (Europe) GmbH (the wholly-owned subsidiary of COSCO SHIPPING Lines, Co., Ltd.) will transfer the Trans-Atlantic Service business(MENA, TAE and EAG service) back to COSCO SHIPPING Lines, Co., Ltd. |
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| Announcement of Bunker Adjustment Surcharge 20-12-2018 |
In response to the fluctuating bunker prices and to reasonably compensate for our soaring bunker costs, COSCO SHIPPING is going to introduce a Bunker Adjustment Surcharge from January 1st, 2019 aiming at truly reflecting the variations in bunker costs and facilitating our clients to calculate their logistics costs. I. Calculation Formula Calculation formula is as following: Bunker Cost Variation /TEU * Trade Lane Adjustment Factor This formula is a result of comprehensive consideration of all involved factors including bunker price fluctuation, actual Bunker consumption, trade balance and loading fact. In respect to the practical habits, this surcharge will be given different codes in different trade areas. For example, BAF in TP or AUS & NZ trades areas ( For TP trades, reference is made to our filing result at FMC ), BUC in Latin America and FAF in the rest of trade areas. II. Adjustment mechanism Bunker price will be reviewed at monthly interval. A fluctuation over 30USD will trigger an adjustment. (Please contact trade division concerned for more details.) III. Bunker Price The Bunker price referred in the formula will be a monthly average of price index at major ports including Rotterdam and Singapore, etc. IV. Reefer cargos According to the average power consumption of reefer equipment, the bunker adjustment surcharge for reefer cargos will be 1.5 times of dry cargo. V. Examples Examples of calculation result from October 15 to November 15, 2018 when the average Bunker price stood at USD400/TON.
* Freight All Kind (FAK) rates and other applicable surcharges on Far EastEurope & Mediterranean Trade are available at following links. Further rate information for other trade lanes, please contact our local sales team. W.B http://elines.coscoshipping.com/reference/20181212/FAK.pdf E.B. http://elines.coscoshipping.com/reference/20181212/FAKEAST.pdf
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| SOLAS VGM | Herewith we want to give more information about SOLAS VGM: English version / Chinese version Container Mass Decleration |
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| Stop requests for merchant customs clearance of transhipment containers in Rotterdam | If consignees want to have containers customs cleared in Rotterdam they must inform ?in addition to their clearing agent - the Cosco office or agent at the final port of destination. The Cosco office or agent at the final port of destination shall inform the transhipment department at Cosco Rotterdam not later than 3 working days before the expected time of arrival of the Cosco vessel. Stop requests received from others than the agent at final destination are not accepted. For further information please contact: transhipment@coscoshipping.nl | ||||||||||||||||||||||||||||||||||||||||
| Effective January 1st 2011 | All ocean carriers are required to submit a list of legislation-defined data
elements to EU Customs at a vessel's first EU port of call,
at least 24 hours prior to cargo loading onboard the European Union bound vessel. For more details see our Notice of entry summary declaration surcharge and Customer Notice |
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