Understand the LSS fuel surcharge,its impact on shipping costs,and compliance procedures.Learn who pays and how to declare it correctly.Get the facts now!

Regarding the declaration of the LSS Low - Sulfur Fuel Surcharge,the following steps are specifically involved:

Thoroughly understand the relevant laws and policies regarding the LSS Low - Sulfur Fuel Surcharge to facilitate subsequent declaration work.

Identify the fuel usage situation and prepare the materials required for declaration,including the ships oil quality analysis report,fuel consumption,etc.

Declare the LSS Low - Sulfur Fuel Surcharge within the specified time according to relevant regulations and pay the corresponding fees.

Before the goods are declared and approved for release by the customs department,use the electronic supplementary declaration form of the customs supplementary declaration management system for voluntary supplementary declaration.

After the goods are released,the customs department will issue an electronic price review instruction to the enterprise through the customs supplementary declaration management system.The enterprise shall use the electronic supplementary declaration form for supplementary declaration within five working days after receiving the instruction.

If,after the goods are released,the enterprise discovers under - declaration during self - inspection,it can make a voluntary supplementary declaration in accordance with the Regulations of the Peoples Republic of China on Customs Inspection.

The bearer of the LSS fee and the charging standard

In general,the party responsible for the LSS fee depends on the trade terms agreed upon by the buyer and seller during the transaction.If the terms are FOB,the fee is borne by the consignee; if the terms are C&F or CIF,the fee is borne by the consignor.However,in practice,shipping companies often consider the LSS fee to be the responsibility of the shipper at the port of origin.The fee is charged based on factors such as the vessel’s route and fuel consumption.Enterprises can inquire with local ports or maritime authorities about the LSS fee standards and responsible parties,and make declarations in accordance with relevant regulations.