Based upon the following criteria, a fuel surcharge will not be in place for May 2020.
30 Day rolling MGO average as per Bunkerworld.com (20th March to 18th April 2020 inclusive)
MGO Price: $271.33
30 days rolling USD/GBP average as per Exchangerate.org.uk
£1 = $1.23
£1 = €1.12
A trigger point of GBP 338 per metric ton MGO exists across all routes, above which we are obliged to charge BAF
Fuel consumption is calculated per route and per vessel, converted into length bands