Hamburg, 06th January 2015

Dear Customer,

BAF / FRC / CAF Update for February 2015 on Asia – Europe Trade

As a result of reviewing recent bunker price fluctuations and revised calculation method, the level of BAF (Bunker Adjustment Factor), FRC (Fuel Recovery Charge) and CAF (Currency Adjustment Factor) will be adjusted as follows.


Scope: Asia-Europe Westbound & Eastbound