CABAF

CABAF is the combined currency and bunker adjustment factor, a single surcharge line that merges the bunker adjustment factor (BAF), which recovers fuel-price movement, and the currency adjustment factor (CAF), which recovers exchange-rate movement. Carriers consolidate the two into CABAF for billing simplicity. After the IMO 2020 sulphur cap and the EU ETS extension to shipping, fuel-linked surcharges grew in size and complexity, which sharpened shipper scrutiny of how these floating charges are calculated and disclosed.