IMO 2020: Maersk Issues EFF and Updates BAF

Capt. John
  • 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...

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