Rate announcements

Bunker Adjustment Factor (BAF)

Summary: Maersk has reviewed its Bunker Adjustment Factor (BAF) and the new tariffs will be effective 01 April 2024.
01 3 2024

Maersk has reviewed its Bunker Adjustment Factor (BAF) and the new tariffs will be effective 01 April 2024.

We have used Platts' fuel price index for 0,5% Sulphur fuel oil (VLSFO) for the BAF calculation and the average bunker price used is 593,26 USD/TON. The details on the period used for the calculation can be found in the table below:

BAF Review Period
From 		Review Period
To 		Effective Date Fuel Type Average (In USD per ton)
BAF
Latest Rate Average
Review Period
From
26 Nov
Review Period
To
25 Feb
Effective Date
01-Apr-24
Fuel Type
VLSFO (0,5%S)
Average (In USD per ton)
593,26
BAF
Previous Rate Average
Review Period
From
26 Aug
Review Period
To
25 Nov
Effective Date
01-Jan-24
Fuel Type
VLSFO (0,5%S)
Average (In USD per ton)
634,58

The BAF will be applicable to all contracts with validity longer than one month and the tariff values can be found in the tables on the following pages.

Feel free to reach out to your sales representative if you have any questions.

BAF tariff values applicable from 01 April 2024

Rate of exchange used to retrieve BAF in different currencies is:
1 USD = 0.9195EUR // 1 USD = 0.78977GBP // 1 USD =1.51037AUD // 1 USD = 1.62126NZD

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