Bunker Adjustment Factor (BAF)

BAF surcharge on base freight when bunker price moves above a trigger - liner trades and contract affreightments.

CharteringBunker

Current bunker priceUSD/tTrigger price (CP reference)USD/tVoyage fuel consumptiontBase freightUSD

BAF surcharge: 119,000USD

Adjusted freight: 319,000USD

BAF as % of base: 59.5%

Changing the inputs requires JavaScript. The calculator above shows its default inputs and result. The formula, symbols, and regulatory sources are shown in the Formula section below.

Formula, assumptions, and limits

\text{BAF} = \max(0, P_\text{current} - P_\text{trigger}) \cdot F

Symbol	Meaning	Unit
$P_\text{current}, P_\text{trigger}$	Current and trigger bunker prices	USD/t
$F$	Voyage fuel consumption	t

Source: BIMCO - BUNKER CLAUSE 2022

In short

BAF surcharge on base freight when bunker price moves above a trigger - liner trades and contract affreightments.

Learn the theory Baltic Dry Index and Freight Indices