Dear Valued Client,
Over the past weeks, we have continued to absorb significant cost increases imposed by our overseas partners due to the ongoing rise in fuel prices across Europe.
To provide some context, the average fuel price across the EU last week stood at €1.95 per litre compared to €1.54 per litre at the beginning of the year — representing an increase of approximately 27%. In addition, vessel operators have recently announced further increases of nearly €300 per trailer round-trip.
Despite our efforts to mitigate these increases internally, the scale of these additional costs means that we are unfortunately no longer in a position to continue absorbing them.
With immediate effect, a Fuel Surcharge and BAF (Bunker Adjustment Factor) will therefore be applied to reflect the increased costs. These surcharges will be clearly indicated in our Invoices as follows:
- BAF: relating to freight adjustments applied by vessel operators
- Fuel Surcharge: relating to inland and overseas transport fuel cost increases
Customers who currently operate under agreed rate structures with us will receive direct communication outlining the specific surcharge applicable to their services.
We remain committed to maintaining the highest level of service and transparency with our customers and will continue to monitor the situation closely. We are hopeful that market conditions will stabilise in the near future, allowing us to review these surcharges and revert to our previous rate structure as soon as circumstances permit.
Should you require any clarification, please do not hesitate to contact us.
In the meantime, our operations continue as normal, and our team remains available should you require any assistance or further information.
For quotations please feel free to reach out on sales@eurobridge.com.mt
We remain committed to be YOURS TO COUNT ON. Always.
EuroBridge Management Team
