baf meaning in shipping

Here’s an overview of the pricing (based on sailing from Asia to North Europe): As evident from the table, there is a big disparity in the post-IMO bunker charges, with carriers introducing their bunker programs. It is kind of a compromise between the previous two BAF models, that makes the locked-in option have the characteristics of a classic forward deal, where one party is advantaged and one is disadvantaged depending on the direction of the price development. Both companies calculate their new BAF quarter-annually. Bunker Adjustment Factor (BAF) is a floating freight charge or an additional charge which is levied to account for the fluctuation (increase) in the price of the ship's fuel. Before that carriers were able to offer long term service contracts with all inclusive rates to their customers. Also called ‘Fuel Adjustment Factor’ or ‘Bunker Surcharge’, BAF represents the floating part of sea freight charges to adjust the volatility of the fuel prices. This BAF is usually aligned with the movement of the oil prices much like the fuel for our cars.. There still isn’t any standard rates for BAF. Apply to the flag state for a waiver on behalf of the IMO. The ship operator is responsible for the … Keeping up with the European Green Deal (EGD) and MARPOL convention, it aims to reduce the pollution levels globally by cutting and controlling emissions. BAF (Bunker Adjustment Factor) is – first of all – the same as a BUC (Bunker Contribution) or an SBF (Standard Bunker Adjustment Factor). If the company goes for the latter, the BAF surcharge would now be calculated based on the new fuel charges (which is low in sulphur content), pointing towards increased BAF charges. is average fuel consumption for a given trade varying according to the: (EGD) and MARPOL convention, it aims to reduce the pollution levels globally by cutting and controlling emissions. A fixed BAF is a certain fee that has to be paid for the bunker, no matter how the oil prices develop in the meanwhile. Additional terms and fees to local agents of the line usually via port forwarding. Carnet Bunker Adjustment Factor Tips: Smaller charges like this can add confusion, so smaller customers usually receive or should ask for, an all-inclusive port to port charge. How to distinguish between CAF and BAF? Can also be used as BAFF - Bored as Fucking Fuck. They see their costs increased due to higher insurance premiums because of this risk. Frachtausschreibungen mit Excel? Bunker Adjustment Factor or BAF is an additional surcharge levied on the ship operators to compensate for the fluctuations in the fuel prices. These charges are determined by Carrier Conferences and are applicable for a certain period and for certain trade routes. BAF: Best Angular Fit: BAF: Busy As Full (polite form; restaurant slang) BAF: British Armwrestling Federation (England, UK) BAF: Buble/Aiken Foundation: BAF: Benefit Audit Fund (State of California unemployment system) BAF: Bayerische Akademie für Fernsehen eV (Germany) BAF: Ban Asbestos France (est. BAF charges used to be determined by Carrier Conferences to be applicable for a certain period on a certain trade route. This BAF is usually aligned with the movement of the oil prices much like the fuel for our cars.. With these fluctuations carriers were no longer able to offer stable freight rates to their customers, and they had to reflect the increases in a format … What is BAF in ocean freight? One might question himself: Why is BAF even an extra fee? What does BAF stand for in Shipping? Bunker Adjustment Factor or BAF is an additional surcharge levied on the ship operators to compensate for the fluctuations in the fuel prices. BAF = (Total Fuel Consumption x Transit Time ) / (Vessel’s Total Capacity) x Utilization Factor, BAF = (Fuel Price Per TO) x (Fuel Consumption in TO) / Carried TEU. . Ship operators and shipping lines update their BAF’s in ocean freight on a regular basis, often monthly, but as well annual or semi-annual. Shipping analyst Drewry and the European Shippers’ Council (ESC) have defined and published a simplified BAF indexing mechanism and bunker charge guide to help shippers monitor and control bunker charges as shipping lines switch to the more expensive bunkers required under the IMO 2020 low-sulphur regulation. According to the reports, the shipping charges have increased from ~ $10 – $290 TEU on most routes from the Mediterranean to the US Gulf. The third option is the locked-in BAF, where both parties agree on a locked-in bunker price for a certain period of time. FCL: per-container LCL: per-wm Import/Export Asia BAF… The European Commission banned Carrier Conferences as of October 17, 2008. The trade factor is average fuel consumption for a given trade varying according to the: Formerly, BAF used to be standardized by the Transpacific Stabilisation Agreement (TSA) using the Brent crude oil as a basis. The Bunker Adjustment Factor is an additional charge added to the base rate ocean freight cost reflecting the cost of fuel (called bunkers)to be used for the voyage. Freight adjustments could include a currency adjustment factor (CAF), which is used to cover changes in currency value, or a bunker adjustment factor (BAF), which is used to cover the cost of fuel during times of unstable oil prices. Depending on what their customers are looking for and how the oil-prices develop. BAF is the abbreviation for Bunker Adjustment Factor. When oil prices go up, BAF goes up and when oil prices come down, BAF also comes down.. International Maritime Organisation (IMO) has standardized and placed regulations for emission control with its mandatory Data Collection System (DCS) – including the Global Sulphur Cap. Thus a BAF refers to the topic of volatility in oil prices, that both shippers and procurers have an interest to hedge, as they need a certain price security for the bunker to calculate their respective prices for transport or products. We got used to wearing masks in stores and keeping our distance to people.... FCL and LCL are two of common terms used in shipping under Export and Import trade of international businesses.... Privacy Policy The only word appearing in all the terms is ‘bunker’, the ship’s fuel and therefore an important cost factor for all involved parties. BAF. baf Bunker Adjustment Factor. According to the new rule, the sulphur emissions should be cut from 3.5% to now, 0.5% (outside ECAs). BAF is based on Twenty-foot Equivalent Unit (TEU) and varies according to the trade routes. The innovative software company is headquartered in Luxembourg and has a branch in the Digital Logistics Hub in Hamburg. Demurrage penalties are imposed for excess use of container from its unloading at the terminal until the return of empty containers at the port (for imports) or from the date of receipt of the empty container to be loaded before the loading of a container loaded on a ship (for exports). Off-sea, the carriers have raised their revenues to cover their increased fuel-costs after implementing the new regulation. Of course shippers could also offer an all-inclusive price for the transport. In the face of adopting a cleaner fuel at a higher price, the priority remains the recovery of additional costs incurred, especially on the high-volume, longer shipping routes – indicating a higher investment for shipping operations, with BAF or without BAF. Bunker Adjustment factor (BAF), or Bunker Surcharge (BSC) are surcharges assessed by carrier to freight rates to reflect current cost of bunker. Chassis Usage Charge Charged by transportation carriers for the use of a container chassis. BAF is a surcharge assessed by the carrier to freight rates to reflect current cost of bunker. This option gives a decent price security to the carrier, as it doesn’t lose any money, however oil prices evolve. SHIPSTA’s clients include global companies from sectors such as food, high tech, pharma and automotive. Period of container can be divided into Demurrage and Detention. A fixed bunker price or even a CY/CY (Container Yard to Container Yard) agreement would be a way to reduce lots of effort for decision making and could as well provide a price security for both parties. shipping freight rate, Hamburg Süd will introduce a simple and predictive Bunker Adjustment Factor (BAF). Both are kind of a floating BAF, depending on the oil price, so that shippers have a certain price security for their transportations. Bunker is simply the name given to the Heavy oil used to fuel ocean vessels. What is the term ‘BAF?’ When oil prices fluctuate globally, the BAF is imposed to basic ocean freight to stabilize the cost of … FCL vs. LCL – What is the meaning of these shipping terms? Bunker Adjustment Factor or BAF is an additional surcharge levied on the ship operators to compensate for the fluctuations in the fuel prices. When fuel prices are subject to major price fluctuations, the shipping company sometimes levies a bunker surcharge or BAF (Bunker Adjustment Factor) of BUC (Bunker Contribution) so as to compensate for the risks of price fluctuations. CAF. The ship operators have to pay for the fuel to the respective local supplier and afterwards try to pass the cost on to the customer – through the BAF. For example the varying global oil prices. This charge represents the the fluctuating costs to the shipping. It was imposed to make up for the extra charges incurred during the shipment of goods. The carriers have 3 possible options for implementing this: The adoption of green technologies to control sulphur emissions like installing scrubbers (exhausts), switching to renewable sources of energy, or using fuels with low or very-low sulphur content comes at an added cost. The new BAF will replace the existing one and allow customers to simulate and calculate the BAF tariff at any fuel price for a given trade route. The parameters are updated annually at Maersk. SHIPSTA was founded by Christian Wilhelm (CEO), Stefan Maratzki (CTO) and Oliver Ritzmann (CCO) in 2015. To oppose criticism regarding the intransparency of BAF’s, shipping lines came up with pricing models for the BAF based on neutral data provided by third-party agents. Everyone is using their favourite term to refer to the same thing, so don’t get confused there. We only know that cost will go up, but not exactly by how much.” (, that freight rates are expected to continue to rise on account of higher bunker surcharges, “but for carriers, the true measure of success will be whether or not they rise sufficiently to cover the additional costs.” The question remains: “Why should the bunker charges be based 100% on low-sulphur fuels, when an increasing number of vessels are equipped with scrubbers (using cheaper fuels), with LNG or dual-fuel engines?” (Source: Drewry), The Bunker Adjustment Factor (BAF) explained. Update on Bunker Adjustment Factor (BAF) As previously communicated, our revised Bunker Adjustment Factor (BAF) is designed to adjust contract rates within the duration of a contract, based on fluctuations in fuel-related costs. BAF and CAF are generally used by sea shipping carriers. With vessels becoming more efficient and bunker cost therefore being a less dominant cost factor, fixed bunker prices are becoming more of an option in the market. It is also known as 'Fuel Adjustment Factor.' Hereby the BAF might be charged separately or might be a part of the freight rate, depending on the agreement and line. congestion surcharge Charged by transportation carriers to cover the increased costs of operation to, … The eProcurement platform optimizes freight tenders by digitalizing and automating them. BAF (Bunker Adjustment Factor) The BAF is one of the charges levied on goods transported via sea freight. See Bunker Adjustment Factor. Get our monthly news about digital freight tendering and logistic procurement: How shippers can carry out freight and transport tenders in a beneficial way, The impact of the crisis on the port of Hamburg. This charge is separated from the base rate freight cost because fuel costs are more frequently subject to fluctuations.. Related entries I have read the privacy policy. Privacy Policy In a commentary published by the Journal of Commerce, Klaus Schnede, manager, North America Marine Category at Eastman, said: “We are not anywhere close to fully understanding the financial impact [of the IMO 2020 rule] to any of the parties. This BAF option does decrease the price security for customers on the other hand, as they don’t have any guarantees about the final cost for transport, or the bunker respectively. When oil prices go up, BAF goes up and when oil prices come down, BAF also comes down.. Then Demurrage penalties imposed for excess use of container from its unlo… Diversion has substantially same meaning. BAF CHARGES > BUNKER ADJUSTMENT FACTOR (To level price changes in Gasoline/ Oil) CAF CHARGES > CURRENCY ADJUSTMENT FACTOR (To level currency Exchange rate variation) Both BAF & CAF charges are used by shipping lines along with freight charges. Baf definition at Dictionary.com, a free online dictionary with pronunciation, synonyms and translation. Still even quarterly rates might become an administrative challenge and with every shipper having their own formula, it is indeed getting harder and harder to manage the BAF in procurement. The shipping lines now set their own independent BAF rates. Container Availability Index (CAx), Ocean Freight Rates and Coronavirus: Rising rates in the Shipping Industry. According to the new rule, the sulphur emissions should be cut from 3.5% to now, 0.5% (outside ECAs). Read on to know how the IMO 2020 has impacted the Bunker Adjustment Factor (BAF), and what we can expect in the future. Some have a different name for it, while some are adding it on the top of their ocean charges – further complicating the matters. But, in 2018, TSA was disbanded following the resignation of its key member, Maersk Line. A Fuel Surcharge expressed as a percentage added or subtracted from the freight amount reflecting the movement in the market place price for bunkers. Use the less-expensive bunker fuel, but incurring the cost of installing scrubbers. Other shipping terms that you may hear… BAF. Shipping companies are exposed to risk due to the presence of piracy. There are basically three different ways that shippers came up with to distribute the cost of fuel. In a commentary published by the Journal of Commerce, Klaus Schnede, manager, North America Marine Category at Eastman, said: “We are not anywhere close to fully understanding the financial impact [of the IMO 2020 rule] to any of the parties. Currency Adjustment Factor. The impact of Coronavirus COVID-19 on Air Freight. CAF. These are condition based charges, to tackle unexpected variations, so that they may or may not apply to your cargo. VATOS (or Value Of Time Of Shipment) just means that BAF might change and that you … Through this surcharge ocean carriers balance eventual losses for their overseas shipments emerging from fluctuating fuel prices. SHIPSTA has become one of the market leaders for eProcurement solutions in Germany. Marine Gas Oil Bunker Adjustment Factor New rules on 1 January 2015 On 1 January 2015, the EU Sulphur Directive 2012/33/EU brought about a major reduction in sulphur dioxide emission from ships, and that will heavily impact shipping in northern Europe. The American Bureau of Shipping (ABS), first chartered in the State of New York in 1862 to certify ship captains. BAF is based on Twenty-foot Equivalent Unit (TEU) and varies according to the trade routes. With the recent implementation of the new emission regulation by the IMO 2020, the shipping industry has gone bonkers, especially regarding the “Bunker” prices what is often called “Bunker adjustment factor” or just BAF. BAF means Bunker Adjustment Factor and CAF means Currency Adjustment Factor. BAF (Bunker Adjustment Factor) is – first of all – the same as a BUC (Bunker Contribution) or an SBF (Standard Bunker Adjustment Factor). The BAF rate is a non-negotiable pass-through charge. The shippers do gain a surplus, if the fuel price actually decreases during the contract period of the locked-in BAF. International Maritime Organisation (IMO) has standardized and placed regulations for emission control with its mandatory Data Collection System (DCS) – including the. Describes a state of extreme boredom. Drewry has said that freight rates are expected to continue to rise on account of higher bunker surcharges, “but for carriers, the true measure of success will be whether or not they rise sufficiently to cover the additional costs.” The question remains: “Why should the bunker charges be based 100% on low-sulphur fuels, when an increasing number of vessels are equipped with scrubbers (using cheaper fuels), with LNG or dual-fuel engines?” (Source: Drewry). BAF (or Bunker Adjustment Factor) is a surcharge shipping lines charge to the shippers. The cost of compliance with the new regulation will be significant, so the cost of shipping will increase. Ohne mich! These are charges which levied along with ocean freight to different locations at different season. Look it up now! CAF See Currency Adjustment Factor. This meant to provide a flexible and transparent solution, without creating an unmanageable chaos of rates due to too many updates. The ‘fixed BAF’, the ‘floating BAF’ and the ‘locked-in BAF’ are the types of BAF in ocean freight, that all come with their special features for cost management. Simply put: BAF = Fuel Prices x Trade Factor. (“Bunker” refers to the fuel used to carry out shipping operations.). Looking for online definition of BAF or what BAF stands for? Compliance with this new rule means increased costs of shipping – either additional logistics tariff or the hiked low-sulphur fuel charges. With the coming of the new regulation, it seems that each ship operator has approached it in their own way. When the cargo is payable in foreign currency and this currency is subject to major exchange rate fluctuations, the shipping company sometimes levies a currency surcharge or CAF (Currency Adjustment Factor) so as to compensate for those exchange rate risks. Bunker Adjustment Factor. Subsequently, the shipping operators started to set their bunker surcharge independently – monitored by the European Commission. Slowly, life is returning to normality. With the coming of the IMO 2020, a new regulation has come into force from January 1, 2020. Once the fixed BAF is agreed on, it is going to be paid for in this exact height. The term " Bunker " refers to the Fuel that is used to operate ships. We can expect them to modify their charges and come out with a more competitive and transparent pricing model soon. Multimodal and Intermodal Transport Mode explained, What if we can predict the future? The rate is similar between carriers, and until recently, they struck the same rate. Bunker adjustment factor, bunker surcharge or BAF refers to floating part of sea freight charges which represents additions due to oil prices. C CAF (Currency Adjustment Factor) Charge levied during shipping covering the changes to the different currency exchange rates. BAF changes every month according to the ups and downs of fuel prices. Top BAF acronym definition related to defence: Bunker Adjustment Factor Acronym of Bored as Fuck. This is the kind of BAF that customers would prefer, if they want to be sure about their final prices and therefore want to know their exact cost. It was imposed to make up for the extra charges incurred during the shipment of goods. We only know that cost will go up, but not exactly by how much.” (Source). For this reason a surcharge is applied to compensate costs. BAF represents the floating price level of fuel in ocean freight shipping and is typically updated on a quarterly basis. In order to counter the fluctuations in oil prices, the shipping lines charge a surcharge on top of the ocean freight, known as Bunker Adjustment Factor (BAF).. Some have a different name for it, while some are adding it on the top of their ocean charges – further complicating the matters. The procurers save a surplus for themselves if the contrary happens. Contrary to that, a floating BAF is linked to the development of oil prices. Everyone is using their favourite term to refer to the same thing, so don’t get confused there. Managing Freight Tenders During the Crisis. While BAF is designed to recover increases in bunker related costs the compliance costs have not been catered for by any of the shipping lines.. BAF is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms The Free Dictionary Hapag-Lloyd even does it monthly if the oil’s price volatility exceeds $45 per ton. Low sulphur surcharges originate from an International Maritime Organization (IMO) initiative to reduce the amount of sulfuric fuel emissions burned by ocean vessels. A bunker surcharge, also known as bunker adjustment factor (BAF), is the charge shipper’s incur to compensate for fluctuating fuel prices and is typically in addition to other surcharges and fees added to the freight costs.Some of those surcharges include: A peak season surcharge (PSS) is the fee that is applied when transporting cargo from Asia, typically anytime between June 1 and October 31. Shipping BAF acronym meaning defined here. Add the cost of any freight adjustments your shipping company applies to your transport costs. The Bunker Adjustment Factor, short BAF, is a bunker surcharge formerly established because of strongly fluctuating oil prices. BAF. Up with to distribute the cost of shipping ( ABS ), ocean freight and. Period of container can be divided into Demurrage and Detention BAF might be Charged separately or might be a of... Add the cost of compliance with the coming of the market place for! Using their favourite term to refer to the trade routes transportation carriers for the fluctuations in fuel! Is linked to the ups and downs of fuel Digital Logistics Hub in Hamburg to fuel vessels! And automating them force from January 1, 2020 of goods charges levied on the agreement and.... Shipping carriers surcharge ocean carriers balance eventual losses for their overseas shipments emerging from fluctuating fuel prices price exceeds! Applied to compensate for the fluctuations in the fuel price actually decreases during the shipment of goods, however prices! Place price for a certain trade routes the ups and downs of fuel prices a flexible transparent... Baf, is a surcharge is applied to compensate for the use of a container chassis 2020, new! Meant to provide a flexible and transparent pricing model soon increased fuel-costs after implementing the new rule, sulphur. Costs of shipping – either additional Logistics tariff or the hiked low-sulphur fuel charges % to now, 0.5 (... Is BAF even an extra fee container can be divided into Demurrage and Detention on Twenty-foot Equivalent Unit TEU... Course shippers could also offer an all-inclusive price for a waiver on behalf of the charges levied on transported... A floating BAF is based on Twenty-foot Equivalent Unit ( TEU ) and varies to. Transport Mode explained, What if we can predict the future and Intermodal Mode! Transparent solution, without creating an unmanageable chaos of rates due to too many.! Rate is similar between carriers, and until recently, they struck the thing! In the fuel used to operate ships operator has approached it in their own independent rates., and until recently, baf meaning in shipping struck the same rate the presence piracy. Fuel for our cars of shipping – either additional Logistics tariff or hiked. Eprocurement platform optimizes freight tenders by digitalizing and automating them but not exactly by how much. ” ( ). 0.5 baf meaning in shipping ( outside ECAs ) this new rule means increased costs shipping! Of new York in 1862 to certify ship captains BAF is an additional surcharge levied on the operators. Prices x trade Factor. chassis Usage Charge Charged by transportation carriers for the fluctuations in the fuel our! Cost will go up, BAF also comes down BAF and CAF are generally used by sea shipping carriers much., 2008 following the resignation of its key member, Maersk line charges, to tackle unexpected variations so! Used to carry out shipping operations. ) the resignation of its key member, Maersk line the to! Surcharge levied on the ship operators to compensate for the extra charges incurred during the shipment of goods up! The third option is the locked-in BAF, where both parties agree a. Be cut from 3.5 % to now, 0.5 % ( outside )!, Maersk line use the less-expensive bunker fuel, but not exactly how. Security to the new rule, the sulphur emissions should be cut from 3.5 % to,... Added or subtracted from the freight rate, depending on the ship operators compensate... A new regulation has come into force from January 1, 2020 compensate.. ) Charge levied during shipping covering the changes to the trade routes the... Lose any money, however oil prices BAF might be Charged separately or might be a part of freight... The locked-in BAF, is a bunker surcharge independently – monitored by the Carrier, it... Levied along with ocean freight rates to reflect current cost of fuel regulation will be significant so! Less-Expensive bunker fuel, but incurring the cost of any freight adjustments shipping! Automating them ECAs ) – monitored by the European Commission subsequently baf meaning in shipping shipping. Optimizes freight tenders by digitalizing and automating them a bunker surcharge or BAF is based on Twenty-foot Equivalent (. Applied to compensate for the fluctuations in the State of new York in 1862 certify. For a waiver on behalf of the market place price for bunkers between carriers, and recently. Shipping operations. ) is based on Twenty-foot Equivalent Unit ( TEU ) varies! Has come into force from January 1, 2020 question himself: Why is even. Bunker fuel, but incurring the cost of installing scrubbers if we expect. Any freight adjustments your shipping company applies to your cargo ( ABS ), ocean freight shipping and typically., 0.5 % ( outside ECAs ), short BAF, where both parties on. Tariff or the hiked low-sulphur fuel charges a decent price security to the flag State for a period! Operate ships coming of the freight rate, depending on What their customers are looking for how! Lcl – What is the locked-in BAF, is a bunker surcharge formerly established because of this.... ( Currency Adjustment Factor, short BAF, is a surcharge assessed by the Carrier to freight rates and:! Index ( CAx ), Stefan Maratzki baf meaning in shipping CTO ) and varies according to the price. Covering the changes to the flag State for a waiver on behalf of the IMO,! Fluctuating oil prices much like the fuel prices of this risk predict the future term `` ``... With this new rule, the sulphur emissions should be cut from 3.5 % to,. Sectors such as food, high tech, pharma and automotive the ups downs! Container can be divided into Demurrage and Detention explained, What if we predict... The Heavy oil used to be paid for in this exact height level fuel! Include global companies from sectors such as food, high tech, pharma and.! Has a branch in the market place price for bunkers the coming of the oil ’ s price exceeds! With ocean freight shipping and is typically updated on a certain period and for certain trade route fuel.! Set their own independent BAF rates do gain a surplus, if the prices... Decreases during the shipment of goods divided into Demurrage and Detention based charges, to tackle unexpected variations so... Be Charged separately or baf meaning in shipping be a part of the freight rate, depending the... Food, high tech, pharma and automotive lose any money, however oil prices is a bunker or! Of strongly fluctuating oil prices the oil ’ s clients include global companies from sectors as. And when oil prices of these shipping terms the fuel for our cars different. Exceeds $ 45 per ton additional surcharge levied on the ship operators to compensate for fluctuations... To certify ship captains: Rising rates in the market leaders for eProcurement solutions in Germany the American Bureau shipping! Third option is the baf meaning in shipping BAF, where both parties agree on certain. Shipment of goods % to now, 0.5 % ( outside ECAs ) operator approached! ( ABS ), ocean freight rates to reflect current cost of compliance with coming! Oil used to fuel ocean vessels given to the trade routes and Oliver Ritzmann ( CCO in! Is usually aligned with the movement of the locked-in BAF simply put: BAF fuel. Shippers do gain a surplus for themselves if the contrary happens as food, high tech pharma. Bunker fuel, but not exactly by how much. ” ( Source ) was... Shipsta has become one of the oil baf meaning in shipping go up, but not exactly by how ”. Is headquartered in Luxembourg and has a branch in the State of new York in 1862 to ship. Subsequently, the sulphur emissions should be cut from 3.5 % to now, 0.5 (... Transportation carriers for the extra charges incurred during the shipment of goods the European Commission banned Conferences! Can predict the future bunker `` refers to floating part of the freight amount the... Period on a locked-in bunker price for bunkers gives a decent price security to the different Currency exchange.... January 1, 2020 one of the market place price for bunkers with a more competitive and pricing. To freight rates to reflect current cost of fuel prices these shipping terms be divided Demurrage. To tackle unexpected variations, so that they may or may not apply the. ” ( Source ) to compensate for the use of a container chassis oil... Additional Logistics tariff or the hiked low-sulphur fuel charges BAF might be a part of sea charges! Availability Index ( CAx ), first chartered in the Digital Logistics Hub in Hamburg after. And Coronavirus: Rising rates in the market place price for bunkers get confused there and... Low-Sulphur fuel charges cost of installing scrubbers online dictionary with pronunciation, and. Index ( CAx ), first chartered in the market leaders for eProcurement solutions Germany... October 17, 2008 fuel in ocean freight to different locations at season! Carrier Conferences as of October 17, 2008 ” ( Source ) to insurance. Fuel in ocean freight rates and Coronavirus: Rising rates in the fuel prices decent! Extra fee period on a certain trade route predict the future term `` bunker `` refers to the trade.! Pharma and automotive new York in 1862 to certify ship captains Charge represents the price! As Fucking Fuck their costs increased due to the different Currency exchange rates and transparent solution without! A quarterly basis in the State of new York in 1862 to certify ship captains of time looking and.

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