# Merchant Shipping(Liner Conferences) Act 1982, Paragraph 1


Surcharges imposed by a conference to cover sudden or extraordinary increases in costs or losses of revenue shall be regarded as temporary. They shall be reduced in accordance with improvements in the situation or circumstances which they were imposed to meet and shall be cancelled, subject to article 16, paragraph 6, as soon as the situation or circumstances which prompted their imposition cease to prevail. This shall be indicated at the moment of their imposition, together, as far as possible, with a description of the change in the situation of circumstances which will bring about their increase, reduction or cancellation.

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Source: https://www.legislation.gov.uk/ukpga/1982/37/schedule/part/ONE/chapter/IV/crossheading/article-16-surcharges/paragraph/1 (the official version)
Page: https://openlegislation.uk/merchant-shippingliner-conferences-act-1982/schedule/part-ONE/chapter-IV/crossheading-article-16-surcharges/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.