Devaluation of a tariff currency is reasonable ground for a surcharge. However, the widespread uniformity in devaluation surcharges imposed by Conferences and shipping lines all over the world, when the considerations which should determine the appropriate amount of surcharge are anything but uniform, suggests that shipowners are using a very rough rule of thumb and have not made detailed calculations of the level required to restore the status quo ante. At the same time, the relative lack of investigation of these surcharges by governments and shippers' organizations suggests that the justification for the amount of devaluation surcharge imposed in any particular instance may not be receiving sufficiently close attention. This note attempts to draw attention in simple terms to the issues involved.

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    London School of Economics and Political Science

    Houghton Street, Aldwych
    London WC2A 2AE,   England 
  • Authors:
    • Jayawickrama, S S
  • Publication Date: 1974-5

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Filing Info

  • Accession Number: 00057106
  • Record Type: Publication
  • Source Agency: London School of Economics and Political Science
  • Files: TRIS
  • Created Date: Jul 31 1974 12:00AM