Based upon the following criteria, a fuel surcharge will not be in place for July 2020.
30 Day rolling MGO average as per Bunkerworld.com (21st May to 19th June 2020 inclusive)
MGO Price: $311.65
30 days rolling USD/GBP average as per Exchangerate.org.uk
£1 = $1.25
£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