Kerosene-Based Fuel Charges
Kerosene-Based Fuel Charges are surcharges added to air freight shipments to account for changes in the price of aviation fuel, which is predominantly generated from refined kerosene. These charges assist air carriers in managing fuel cost volatility without having to regularly modify base freight prices. Because fuel accounts for a large amount of air transport operational costs, carriers implement this surcharge as a variable fee that can be adjusted regularly depending on worldwide fuel price indexes. It guarantees that airlines remain financially viable while providing stable time and structures to freight forwarders and shippers.
Kerosene-dependent fuel Charges are configurable in CargoWise’s grading and invoicing modules, allowing forwarders to automate the imposition of fuel surcharges depending on aircraft schedules or fuel price benchmarks. These charges are often stated individually on quotations and invoices to promote transparency and assist logistics providers in appropriately passing on costs to clients. CargoWise’s dynamic management of fuel-related fees promotes profitability, carrier agreement compliance, and more prompt quotation in a competitive, fast-paced air freight environment.