Intra-Asia Market: Bunker Adjustment Factor (BAF) Update Effective 1 October 2020
With reference to our previous advisory dated 3 December 2019, please be advised that Very Low Sulphur Fuel Oil (VLSFO) will replace the current High Sulphur Fuel Oil (HSFO) as the price reference for the quarterly Bunker Adjustment Factor (BAF) for long-term contracts of more than 3 months’ validity.
Taking into consideration the current price of VLSFO, please be advised that CNC will not be applying any Floating BAF from 1 October 2020, until further notice. This applies for Dry/ Flat Rack/ Open Top/ Tank/ Other Special Equipment container types.
For more information, please contact your local CNC representative.
Thank you for your business and continued support.