HMM Announces MMR Surcharge

As a service to our Metal Scrap export accounts in the USA and Canada, HMM will file a Metal

Scrap M&R Surcharge (MMR) on the tariff for effect October 1, 2012. The surcharge will apply

to all container loads of metal scrap for export to the Pacific Rim countries in the amount of

USD65/container.

The surcharge will be added to all bills of lading on a per unit basis regardless of the container

condition at destination. The quantum is intended to compensate the carrier for the

aggregated cost of container repairs widely associated with the carriage of metal scrap.

For the Buyer & Seller, the new surcharge will take the guess work and uncertainty out of

dealing with equipment repair invoices issued in Asia when a container is returned to the

carrier in a damaged condition. Depending on the terms of the sale, the shipper or consignee

can now incorporate the surcharge into their proforma cost for completely accurate calculation

of landed cost. All parties involved in the transaction can avoid any conflict concerning

responsibility for equipment damage and be confident in hassle free shipping with Hyundai...

No more haggling & no more ‘surprises’ that unexpectedly squeeze profits.

About Hyundai Merchant Marine

HMM is an integrated multi-modal transportation company operating over 110 state-of-the-art

ocean-going ships in more than 40 sea routes to over 100 ports of call. The Hyundai worldwide

headquarters is in Seoul, Korea; and their Americas headquarters is located in Dallas, TX. Go to

www.hmm21.com for more information.