CLIENT ADVISORY

MTOS revisions: October 2022 fuel surcharge

August 31, 2022


To: Users of GPA’s Marine Terminal Operator Schedule (“MTOS”) No 5-A, No 10-A and No 11

 

In support of new MTOS Rules 34-192 and 34-193, below is the October 2022, Fuel Surcharge (FSC) based upon the August 29, 2022 published Index:

 

Georgia Ports Authority

August 29, 2022 Lower Atlantic PADD1 C Diesel (on Highway) & US (on Highway) Diesel

October 2022 Fuel Service Charge

August 29

Formula

October 2022 FSC



GCT & OT containers

$4.992

Current retail diesel per gallon less $3 times 1.6

$3.19

Per container

Ocean Terminal breakbulk and Ro/Ro

$4.992

Current retail diesel per gallon less $3 times 0.0358

$0.07

Per short ton (Wharfage)

Mayor's Point breakbulk

$4.992

Current retail diesel per gallon less $3 times 0.146

$0.29

Per short ton (Wharfage)

GCT docks containers

$4.992

Current retail diesel per gallon less $3 times 2.5

$4.98

Per container

Rail container (20 ft, 40 ft, and 45 ft)

$5.115

Current retail diesel per gallon rounded up to one decimal less $3.001 times 48.875 rounded to closest dollar

$114.00

Per container

Rail container (53 ft)

$5.115

Current retail diesel per gallon rounded up to on decimal less $3.001 times 69.875 rounded to closest dollar

$163.00

Per container

General Charges

New Rule: 34-192 Fuel Surcharge (FSC) For Throughput Containers and Breakbulk Cargo

To the extent diesel fuel costs exceed $3.00, per gallon (the “Base Cost”), GPA will assess an FSC, on a per container or wharfage basis. The FSC will be

invoiced on a weekly, or per invoice, basis to the ocean carrier. The FSC will be calculated monthly using the U.S. Energy Information Administration

(EIA) – U.S. On-Highway Diesel Fuel Prices – Lower Atlantic (PADD 1C) Index (the “Index”) and effective thirty (30) days after publication. For example,

the FSC for July 2022, would be based on the Index released the week of May 30, 2022.

 

The FSC will remain in effect until diesel price falls below the Base Cost and will be assessed as provided, in full, regardless of any other agreements.

 

New Rule: 34-193 Fuel Surcharge (FSC) For GPA Facilitated Rail Moves

To the extent diesel fuel costs exceed the Class 1 Railroads (CSX Corporation and Norfolk Southern Company) Base Cost, GPA will pass through an FSC,

on a per container basis. The FSC will be invoiced on a weekly, or per invoice, basis to the ocean carrier or if applicable, the beneficial cargo owner.

The FSC will be calculated monthly using the U.S. Energy Information Administration (EIA) – U.S. On-Highway Diesel Fuel Prices – U.S. Index (the “Index”)

and effective thirty (30) days after publication. For example, the FSC for July 2022, would be based on the Index released the week of May 30, 2022.

 

The FSC will remain in effect until diesel price falls below Base Cost and will be assessed as provided, in full, regardless of any other agreements.

 

Questions may be addressed to the undersigned or your GPA account representative.

**For text alerts providing updates for weather, road, port operations etc.: Text GPAUSER to 888-777**

Paul Yarborough
Director of Contracts and Procurement
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