Rate Of Exchange (ROE) Standardization - Region ROE rule Consolidation (EUROPE)
Dear customer,
please be informed about following update to OOCL’s rules related to the definition of vessel’s rate of exchange:
| POL/POD Region / Country | Source | OB Prepaid at
Port of Loading | IB Collect at
Port of Discharge |
| Day prior to | Event | Day prior to | Event |
| Europe excl. Russia & Baltic | Europe Central Bank; Oanda | 10 | LTD | 10 | LTA |
| Russia | Russian Central Bank | 7 | ETA | 5 | ETA |
| Estonia | Official Bank of Estonia | Invoice Date | Invoice Date |
| Latvia | Central Bank of Latvia | ATD | ATA |
| Lithuania | National Bank of Lithuania | 5 | ETA | 5 | ETA |
| Days = working days |
| LTD/ETD = long-term/estimate departure |
| LTA/ETA = long-term/estimate arrival |
For further enquiries, please feel free to contact our local Customer Service Department.
