Fuel Surcharge (FSC) For GPA Facilitated Rail Moves
July 1, 2022
May 2, 2022
To the extent diesel fuel costs exceed the Class 1 Railroads (CSX Corporation and Norfolk Southern Company) Base Cost, GPA will pass through an FSC, on a per container basis. The FSC will be invoiced on a weekly, or per invoice, basis to the ocean carrier or if applicable, the beneficial cargo owner. The FSC will be calculated monthly using the U.S. Energy Information Administration (EIA) – U.S. On-Highway Diesel Fuel Prices – U.S. Index (the “Index”) and effective thirty (30) days after publication. For example, the FSC for July 2022, would be based on the Index released the week of May 30, 2022. The FSC will remain in effect until diesel price falls below Base Cost and will be assessed as provided, in full, regardless of any other agreements.