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Emergency Bunker Surcharge (EBS): What You Need to Know


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What is an Emergency Bunker Surcharge (EBS)?

An Emergency Bunker Surcharge (EBS) is a fee imposed by carriers in response to fuel price increases.

Why do carriers implement EBS?

Carriers implement EBS to recover their bunker fuel costs.

What has caused the rise in fuel prices leading to EBS?

The increase in fuel prices is attributed to a 19% rise since April 2018, primarily driven by the price of oil.

What influences the price of oil?

The price of oil, affecting fuel prices and EBS, is determined by Brent Crude Oil.

When did the rise in oil prices begin?

The uptick in oil prices began in early 2017 when OPEC reduced its oil supply.

Why were carriers caught off guard by oil price spikes in 2018?

Carriers did not anticipate the sudden surge in oil prices in early 2018.

How long does an EBS last?

The duration of an EBS varies and is decided by each carrier.

What is the outlook for oil prices in 2018?

Oil prices are expected to continue rising in 2018 due to ongoing oil cuts and U.S. sanctions against Iran.

Do EBS charges vary among carriers and trade lanes?

Yes, EBS charges vary depending on the carrier and the specific trade lane.

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