Bunker Adjustment Factor (BAF)
Bunker Adjustment Factor recalculation when fuel price changes - the standard time-charter / liner tariff adjustment clause.
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Formula, assumptions, and limits
| Symbol | Meaning | Unit |
|---|---|---|
| Current fuel price | USD/t | |
| Base tariff fuel price | USD/t | |
| Fuel intensity per 100 t cargo |
Source: BIMCO Bunker Terms
In short
Bunker Adjustment Factor recalculation when fuel price changes - the standard time-charter / liner tariff adjustment clause.