- Maersk issues a new Environmental Fuel Fee, and updates the existing Bunker Adjustment Factor, with respect to the approaching IMO2020.
- The Bunker Adjustment Factor is designed to adjust contract rates within the duration of a contract, based on fluctuations in fuel-related costs.
- The Environmental Fuel Fee applies to all spot business and contracts with validity up to 3 months.
In light of the approaching 2020 sulphur cap, which sees vessels using fuel containing up to 0.5% sulphur, Maersk’s...
http://mfame.guru/imo-2020-maersk-issues-eff-and-updates-baf/