A rise in marine fuel costs has prompted CMA CGM to implement a Bunker Recovery Adjustment Factor (BRAF) for vessels calling West African ports, reports AJOT.
Bunker Recovery Adjustment Factor
The BRAF will come into effect on 1 August until further notice, the container shipping company said yesterday (5 July).
‘This BRAF will be applicable on monthly basis for short-term contracts only (excluding any contract subject to quarterly floating BAF mechanism) to reflect the significant increase in the bunker rates,’ CMA CGM said.
The BRAF will apply to vessels leaving all North European, West Mediterranean, East Mediterranean, North African, Adriatic, Black Sea, Baltic & Scandinavia ports to call at West African ports. It will apply to dry, out of gauge (OOG), reefer and breakbulk cargo.
BRAF amounts
- North European, West Med, North Africa, Adriatic, Black Sea, Baltic & Scandinavia: €198 per TEU for dry; €238 per TEU for reefer.
- United Kingdom: £172 per TEU for dry; £252 per TEU for reefer.
- Turkey, Egypt, Lebanon: $210 per TEU for dry; $252 per TEU for reefer.
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Source: AJOT
