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Excerpt from:  North America Supply Chain and Logistics Strategy
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January 24, 2008

New Bunker Adjustment Factor

Maersk has announced they will be rolling out a new formula which will change depending on the price of oil.

Maersk Line has announced that it has a new formula to calculate the Bunker Adjustment Factor (BAF). The bunker charges have tripled over the past three years and Maersk wants to provide its customers with simple and fair method on passing the increasing charges. Vincent Clerc, vice president for Pacific Services stated “today, we only recover approximately 55% of the bunker expenses via BAF surcharges. Naturally, this poses a significant exposure to Maersk Line, and traditionally we have tried to recover this via rate increases.”

The new formula will be transitioned in during the first quarter of 2008. Maersk stated that oil prices will be a key driver for increasing the BAF. 

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PermalinkMaersk Line sets new BAF formula
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