ESTA issues urgent fuel contracts clause reminder

ESTA is reminding its members to use transport contracts that include valid fuel clauses that can be revised on a weekly basis.

Ton Klijn, ESTA’s Director, said the association has discussed the impact of the present geopolitical situation on fuel prices and the uncertainty this is causing.

He added: “It is obvious that we should all use transport contracts that
contain a valid fuel clause. Fuel prices should be referenced at the time of contract closure and then adapted against the fuel price index.

“Previously this was usually done on a monthly basis, but ESTA is now advising members and companies to do so on a weekly basis. Failure to do this is extremely risky in current circumstances.”

Various websites publish fuel prices and give guidance on adjustment factors, and the European Commission website also contains details of fuel prices in all member states here