UNITED ARAB EMIRATES

ADVISORY | Bunker Recovery Adjustment Factor effective April 2021

Please be informed CMA CGM will implement a Bunker Recovery Adjustment Factor (BAF08) as from April 15, 2021.


The Bunker Recovery Adjustment Factor is applicable on monthly basis for the short-term contracts only, (excluding any contract subject to quarterly floating BAF mechanism) to reflect the significant increase in the bunker rates.


Effective April 15, 2021 date of loading at the origin ports and until further notice, the new amount of the Bunker Recovery Adjustment Factor, based on the VLSFO average price of Q1 (Dec 20, Jan 21, Feb 21 Baseline, will be applicable to all cargo ex ISC & Middle East on EPIC/MEDEX/MEGEM services (WB trade) with the following quantum for April 2021 : Read more