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 a War Risk Surcharge as follows:
Effective July 5th, 2019 (B/L date) for all trades, except USA and China (August 1st, 2019):
From/To: Oman, the 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.
