Client Advisory - Bunker Recovery Adjustment Factor effective April 2021
Please be informed that CMA CGM will implement a Bunker Recovery Adjustment Factor as from April 1st, 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 1st, 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 (base Dec 20, Jan 21, Feb 21), will be applicable to all cargo on all services with the following quantum for April 2021:
The associated basic freights are available on CMA CGM Site at the following address: http://www.cma-cgm.com/ebusiness/tariffs/finder. Other Bunker related surcharges, THC (Origin and Destination), Peak season charges and similar charges and Safety and Security related surcharges may also apply and are accessible at http://www.cma-cgm.com/ebusiness/tariffs/charge-finder. Other charges such as contingency charges and local charges may be applicable.
We are at your entire disposal in case of additional details.