Fuel surcharges are fees that are added to the cost of shipping goods to account for changes in fuel prices.
They are typically applied by transportation companies, such as freight forwarders or shipping carriers, and are based on the current cost of fuel.
Calculation of Fuel Surcharges
Fuel surcharges are usually calculated as a percentage of the total shipping cost, based on the current price of fuel.
The exact formula for calculating fuel surcharges can vary between transportation companies.
Fuel surcharges are adjusted regularly to account for changes in fuel prices. If fuel prices increase, the fuel surcharge will also increase, and vice versa.
Fluctuation of Fuel Prices
The purpose of fuel surcharges is to help transportation companies cover the additional cost of fuel when prices are high, while still maintaining profitability.
Purpose of Fuel Surcharges
fuel
Fuel surcharges may not apply to all types of shipping. For example, they may not be applied to domestic shipping or certain types of cargo.