Fuel Surcharges

New Zealand

TNT applies an index-based variable fuel component to all shipments. 

International variable fuel component

Effective International Fuel for International shipments:

 

From 31 March 2019 to 27 April 2019: 16.75%
From 3 March 2019 to 30 March 2019: 15.25%

 

Effective from 7 January 2019, TNT’s international fuel surcharge percentage (‘International Fuel Surcharge’) which TNT charges its customers will be adjusted in accordance with the International Fuel Surcharge Table (below) with reference to movements in the U.S. Gulf Coast kerosene-type jet fuel spot price (‘USGC Price’).

 

Subject to the Exceptions described below, the relevant International Fuel Surcharge:

 

  1. will be notified to customers on this website (www.tnt.co.nz.)from time to time or on such other website as notified to customers (‘Website’);

  2. may be adjusted monthly and will apply for the period as notified on the Website (‘Relevant Period’);

  3. for a Relevant Period will be calculated as follows:

    • TNT will use the USGC Price, rounded up to the nearest cent, which was published on the U.S. Energy Information Agency website two (2) calendar months prior to the commencement of the Relevant Period (‘Relevant USGC Price’).

    • The International Fuel Surcharge will then be the percentage which appears on the same row as the applicable Price Range within which the Relevant USGC Price corresponds.

 

EXAMPLE: The International Fuel Surcharge for the Relevant Period occurring in June will be calculated by using the USGC Price published in April. If the April USGC Price was between US$1.43 and US$1.49 then the International Fuel Surcharge for the Relevant Period in June will be 12.75%.

 

To download the latest USGC Price table from the U.S. Energy Information Agency website, click here.

Exceptions

Notwithstanding the above, TNT reserves the right to:

 

(a) Vary the International Fuel Surcharge and the frequency which TNT reviews the International Fuel Surcharge at any time and in its sole discretion.

 

(b) Update the International Fuel Surcharge Table, in its sole discretion if the USGC Price falls below US$1.37 or rises above US$2.45 or if the USGC Price is not published on the U.S. Energy Information Agency’s website.

 

Notification of any variations in accordance with these Exceptions will be notified on the Website.  

Domestic variable fuel component

Effective Domestic Fuel for Domestic shipments

 

From 31 March 2019 to 27 April 2019: 3.50%
From 3 March 2019 to 30 March 2019: 3.00%

 

Our domestic index-linked variable fuel component is based on the average New Zealand weekly diesel price. We use the weekly average diesel price figure to calculate the average diesel price for each calendar month. An index based locally for local deliveries links the variable fuel component to the prevailing domestic market price for diesel which in turn influences fluctuations in our actual fuel costs.

 

TNT reserves the right to change the variable fuel component index and table without notice.  Both the amount and duration of the variable fuel component will be determined at TNT's sole discretion.

 

Please check this website regularly for any updates.

 

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