Not knowing the price of fuel upfront can lead to some uninvited surprises when the time for payment rolls around. Be sure to ask your carrier which rate they will use when shipping your goods. With this information and the simple formula below, you ll know exactly how much you are expected to pay before you even see your invoice. If the current rate of fuel is 30.0% you will multiply your total freight charges by this
number.

Lets say you are shipping your newest product less-than-container load over the ocean with Approved. Your shipment is a total of 450 cubic feet, and your total ocean charges (without fuel) are $1,575. Take the total ocean charges and multiply by the fuel like this:

1,575 x 1.30 = 2047.5
Now, you know your total charge (with fuel) will be $ – meaning you will pay $472.50
in fuel charges (2047.5 – 1,575 = 475.5)

Easy right? We recommend using a calculator so you know your calculations are 100% accurate. You’ll be able to project and forecast your revenue and costs more precisely.