Extra Risk Coverage Surcharge in the Middle East

Considering the recent incidents in the Strait of Hormuz and the related significantly increasing insurance costs in the Middle East Gulf region, CMA CGM is to implement an Extra Risk Coverage Surcharge as follows:

Effective July 5th, 2019 (B/L date) for all trades, except Brazil and China (August 1st, 2019) and except USA (August 5th, 2019):

From/To: Oman, UAE, Qatar, Bahrein, Saudi Arabia (Dammam + Jubail), Kuwait, Iraq (*)

Quantum: USD 36 per TEU

Payable by the freight payor

All cargo

(*) Additional countries might be added depending on situation in the region

*** At this stage not applicable for Red Sea ***

In case of remarks/questions, thanks to contact Sheima De Keukeleire –