Due to rising fuel costs, most of the major shipping lines are implementing an emergency fuel surcharge this month. This surcharge will be a separate fee, imposed on top of the existing Bunker Adjustment Factor (BAF) surcharge, and will vary according to the carrier and trade lane.
The majority of the lines are calling this emergency fuel surcharge EBAF (Emergency Bunker Adjustment Factor), however, some carriers are using different terms, such as Supplemental Bunker Surcharge (SBS) and Operations Cost Recovery (OCR).
For FCL, the fee ranges from $45.00 – $65.00 USD per 20’ and $90.00 – $130.00 USD per 40’. The LCL fee is approximately $3.00 USD per cbm.
Carriers say this latest wave of fuel surcharges is necessary, as the price of maritime bunker has now reached a critical level. Further adjustments are possible if the price of bunker fuel goes up or down dramatically.
For more information, contact Cathy Fong, Manager – Freight Pricing.