Based upon the following criteria, a fuel surcharge will not be in place for February 2021.
30 Day rolling MGO average as per Bunkerworld.com (21 December 2020 to 19 January 2021 inclusive)
MGO Price: $442.32
30 days rolling USD/GBP average as per Exchangerate.org.uk
£1 = $1.36
£1 = €1.11
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