CLIENT ADVISORY

MTOS revisions: August 2023 fuel surcharge

June 30, 2023


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


In support of MTOS Rules 34-192 and 34-193, below is the August 2023, Fuel Surcharge (FSC) based upon the June 26, 2023, published Index:



 

Georgia Ports Authority

June 26, 2023 Lower Atlantic PADD1 C Diesel (on Highway) & US (on Highway) Diesel

August 2023 Fuel Service Charge



June 26, 2023

Formula

August 2023 FSC


GCT & OT containers

$3.735

Current retail diesel per gallon less $3 times 1.6

$1.18

Per container

Ocean Terminal breakbulk and Ro/Ro

$3.735

Current retail

diesel per gallon less $3 times 0.0358

$0.03

Per short ton (Wharfage)

Mayor's Point breakbulk

$3.735

Current retail diesel per gallon less $3 times 0.146

$.11

Per short ton (Wharfage)

GCT docks containers

$3.735

Current retail diesel per gallon less $3 times 2.5

$1.84

Per container

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

$3.801

Current retail

diesel per gallon rounded up to

one decimal less $3.000 times 55 rounded to closest dollar

$47.00

Per container

Rail container (53 ft)

$3.801

Current retail diesel per gallon rounded up to one decimal less $3.00 times 78.750 rounded to the nearest dollar

$67.00

Per container

General Charges


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 Base Cost and will be assessed as provided, in full, regardless of any other agreements.


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.

 

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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