MGO 3 Months Notice

Important Three Month Notice Re. Marine Gas Oil (MGO)

Please be advised that as from 1^st January 2015 the European Union Sulphur Directive 2012/33/EU becomes legislation.

The law makes either the use of expensive Marine Gas Oil (MGO) or the installation of expensive technology enabling the cleaning of exhaust gasses in all ships obligatory.

The costs involved in the use of MGO or the conversion of ships to reduce sulphur emissions is expected to be high and will be passed on as a MGO BAF , Marine Gas Oil Bunker adjustment factor.

We intend to inform all our customers of the impact of the changes prior to implementation on 1st January 2015 when all new rates will apply. At this time we are unable to confirm the extent of the increase and whether or not it will be in the form of fixed price increase per trailer or as a variable percentage.

We intend to keep all our customers informed as more information becomes available, in the meantime we will be happy to receive your calls when we will endeavour to explain the situation and implications further.        

Please check back for further updated in the coming weeks.  

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