Changes in fuel prices result in fluctuating costs for the transport industry, necessitating a variable fuel surcharge which may rise, fall or be removed, in line with movements in fuel prices.

The fuel surcharge for international IEX Express, IEX Economy and IEX Import services will be based on the monthly average spot price for Singapore kerosene-type jet fuel.

OCS has set up a “fuel surcharge,” in which customers are responsible for paying a portion of the increased costs associated with increases in aviation fuel prices and aviation insurance premiums.