Magnum Logistics charge a fuel adjustment factor (FAF) monthly which varies depending on the price of fuel each month. The following scale table represents the fuel adjustment by reference to the average regional pump price. The information is drawn from www.theAA.com and can be found on the AA website. The report on the AA website (South East, litre price) is published in arrears and the fuel escalator is applied on the third month. For example, January fuel percentage will be applied in March and so on.
Current Month
Avg. Pump Price Diesel (£)
FAF%
Jul 21
1.3220
Avg. Pump Price Diesel (£)
FAF %
Min
Max
1.190
1%
1.191
1.23
2%
1.231
1.27
3%
1.271
1.31
4%
1.311
1.35
5%
1.351
1.39
6%
1.391
1.43
7%
Avg. Pump Price Diesel (£)
FAF %
Min
Max
1.431
1.47
8%
1.471
1.51
9%
1.511
1.55
10%
1.551
1.59
11%
1.591
1.63
12%
1.631
1.67
13%
1.67
1.71
14%
Blog
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[title] => MSC refutes shipper complaint to FMC as ‘baseless’
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[content] => Container shipping giant firmly dismisses as ‘baseless, vague and unsubstantiated’ a complaint filed this week by US shipper MCS Industries with the Federal Maritime Commission, with Mediterranean Shipping Company reviewing whether the allegations amount to defamation
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MSC refutes shipper complaint to FMC as ‘baseless’
2021 / 08 / 05
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[title] => Container lines face US probe over congestion surcharges
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[content] => Federal Maritime Commission has given eight ocean carriers until 13 August to provide details that confirm any surcharges were instituted properly and in accordance with legal and regulatory obligations, in latest escalation of its competition scrutiny
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Container lines face US probe over congestion surcharges
2021 / 08 / 05
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Contact Us
Magnum Logistics Limited,
01268 554335
ops@magnumlogstics.co.uk
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