ECAF affecting North West Continent ports, West Med., Scandinavia and Baltic Regions to/from Levant, Black Sea, Greece & Turkey to come into force from November 1st, 2014.
Over the past six months the US Dollar has appreciated considerably against the Euro. In order to maintain continuity of our service, MSC will introduce an Emergency Currency Adjustment Factor (ECAF) from November 1st, 2014. The ECAF will be charged at 7% of ocean freight, and will be reviewed on a monthly basis.
Adjustments will be made once a threshold of +/- 1% is reached, we hope this mechanism will provide stability and transparency for our customers.