Effective Dec. 1, 2005, the Cytec Surface Specialties businesses implemented a line item fuel surcharge of $.03 per kg. on every shipment for which Cytec is responsible for freight.
The surcharge will apply to radiation curable resins, liquid coating resins and powder coating resins.
The surcharge is needed to offset logistics costs that have been escalating rapidly caused by increased demand for oil and gas, decreased carrier availability, transportation freight rate increases, fuel surcharges, and the impact of hurricanes in the Gulf of Mexico. The surcharge will be adjusted monthly in accordance with the National Energy Information Administration’s “Weekly Retail On-Highway Diesel Prices” standards <http://tonto.eia.doe.gov/oog/info/wohdp/diesel.asp>.
Customers who are responsible for their own freight will not be affected by the surcharge.