The surcharge applied by shipping lines to sea freight to offset adverse variation in fuel cost is called:
The surcharge applied by shipping lines to sea freight to offset adverse variation in fuel cost is called:
The surcharge applied by shipping lines to sea freight to offset adverse variation in fuel cost is called a bunker adjustment factor. This charge is specifically used to adjust for fluctuations in the cost of the ship's fuel.
The Bunker Adjustment Factor (BAF) is an additional charge levied on the shippers to compensate for fluctuations in the price of the ship's fuel. ANs D
Answer should be D
Answer should be D
Agree with Antman. Bunker adjustment factor or BAF refers to floating part of sea freight charges which represents additions due to oil prices.
The correct answer is D.
Bunker adjustment factor, bunker surcharge or BAF refers to the floating part of sea freight charges which represents additions due to oil prices. BAF charges used to be determined by Carrier Conferences to be applicable for a certain period on a certain trade route