Sealand – A Maersk Company has reviewed its Bunker Adjustment Factor (BAF), and the new tariffs will be effective 1 October 2020. Formerly, BAF used to be standardized by the Transpacific Stabilisation Agreement (TSA) using the Brent crude oil as a basis. Maersk's new BAF formula BY PETER T. LEACH | Jan 27, 2008 7:00PM EST. The Bunker Adjustment Factor is designed to adjust contract rates within the duration of a contract, based on fluctuations in fuel-related costs. 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. 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. Maersk uses Bunkerworld’s fuel price index 0.5% Sulphur fuel oil (VLSFO) for the BAF and EFF calculation. Maersk issues a new Environmental Fuel Fee, and updates the existing Bunker Adjustment Factor, with respect to the approaching IMO2020. It applies to contracts with validity longer than 3 months. The BAF Calculator then works out the bunker charge in USD per unit for each container type. 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) Whereas today ships can use fuel with up to 3.5% sulphur content (outside Emission … This online tool uses a formula developed by Maersk Line to calculate the BAF for any given trade. According to Maersk, bunker prices in … Bunker calculation having very much significance in bunkering, at times wrong calculation can lead to shortage of bunker, oil spill etc. 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. The user simply selects the load and discharge country and the container type. But, in 2018, TSA was disbanded following the resignation of its key member, Maersk Line. JOC Maritime News International Freight Shipping. Ever since fuel prices started going through the roof last year, container shipping companies have c. Maersk's new BAF formula. Shell has developed an Ultra-Low Sulphur Fuel Oil (ULSFO 0.1%S max.) Here you can see a few simple and convenient ways to calculate the bunker … Subsequently, the shipping operators started to set their bunker surcharge independently – monitored by the European Commission. 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) Maersk Tankers’ bunker adjustment methodology was launched in August 2015 and is built on metrics and algorithms and naval architectural methodologies. The backbone of Bunker Adjustment is calculated by the external performance provider Vessel Performance Solutions (VPS). to meet the Shipping industry’s demand for 0.1%S maximum bunker fuel in the ECA zones. Maersk uses Bunkerworld’s fuel price index 0.5% Sulphur fuel oil (VLSFO) for the BAF and EFF calculation. 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. It applies to contracts with validity longer than 3 months maersk 's new BAF formula by PETER T. |. For 0.1 % s maximum bunker fuel in the ECA zones for 0.1 % s.... To adjust contract rates within the duration of a contract, based on fluctuations fuel-related! New BAF formula by PETER T. LEACH | Jan 27, 2008 7:00PM EST its... 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