Maersk's new BAF formula BY PETER T. LEACH | Jan 27, 2008 7:00PM EST. The period used for the calculation will be 26 DEC’19 to 25 JAN’20 and compared to the following figures: BAF: Average bunker price from 26 AUG’19 to 25 NOV’19 (537,99 USD/TON) 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. According to Maersk, bunker prices in … Shell has developed an Ultra-Low Sulphur Fuel Oil (ULSFO 0.1%S max.) Maersk issues a new Environmental Fuel Fee, and updates the existing Bunker Adjustment Factor, with respect to the approaching IMO2020. Maersk uses Bunkerworld’s fuel price index 0.5% Sulphur fuel oil (VLSFO) for the BAF and EFF calculation. The backbone of Bunker Adjustment is calculated by the external performance provider Vessel Performance Solutions (VPS). The BAF Calculator then works out the bunker charge in USD per unit for each container type. to meet the Shipping industry’s demand for 0.1%S maximum bunker fuel in the ECA zones. Maersk Tankers’ bunker adjustment methodology was launched in August 2015 and is built on metrics and algorithms and naval architectural methodologies. We have used Bunkerworld’s fuel price index for 0.5% Sulphur fuel oil (VLSFO) for the BAF calculation, and the average bunker price used is 313.31 USD/TON.The details on the period and reference ports used for the calculation can be found in the … In 2019, we have used the changes in fuel price for high-sulphur fuel (IFO380) to calculate the BAF. This online tool uses a formula developed by Maersk Line to calculate the BAF for any given trade. The Bunker Adjustment Factor is designed to adjust contract rates within the duration of a contract, based on fluctuations in fuel-related costs. Maersk's new BAF formula. It applies to contracts with validity longer than 3 months. Formerly, BAF used to be standardized by the Transpacific Stabilisation Agreement (TSA) using the Brent crude oil as a basis. The user simply selects the load and discharge country and the container type. Sealand – A Maersk Company has reviewed its Bunker Adjustment Factor (BAF), and the new tariffs will be effective 1 October 2020. Maersk uses Bunkerworld’s fuel price index 0.5% Sulphur fuel oil (VLSFO) for the BAF and EFF calculation. Subsequently, the shipping operators started to set their bunker surcharge independently – monitored by the European Commission. Ever since fuel prices started going through the roof last year, container shipping companies have c. But, in 2018, TSA was disbanded following the resignation of its key member, Maersk Line. JOC Maritime News International Freight Shipping. The shipping lines have quoted rising fuel costs as justification for the emergency surcharge, with 2M partners Maersk and MSC, and Hapag-Lloyd claiming that the high bunker prices are no longer sustainable. The period used for the calculation will be 26 DEC’19 to 25 JAN’20 and compared versus following figures: BAF: Average bunker price from 26 AUG’19 to 25 NOV’19 (US$537,99/t) Here you can see a few simple and convenient ways to calculate the bunker … Maersk Line announces new Bunker Adjustment Factor (BAF) From 1st January 2020, a new regulation will come into force to reduce air pollution from ships globally. Whereas today ships can use fuel with up to 3.5% sulphur content (outside Emission … Bunker calculation having very much significance in bunkering, at times wrong calculation can lead to shortage of bunker, oil spill etc. The duration of a contract, based on fluctuations in fuel-related costs price 0.5! 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