Intra-Asia Market: Bunker Adjustment Factor (BAF) Update Effective 1 January 2021
With reference to our previous advisory dated 28 August 2020, 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 January 2021, 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.