CAF

A currency adjustment factor (CAF) is a liner surcharge that compensates the carrier for exchange-rate movement between the currency in which the base freight is set, usually US dollars, and the currencies in which the carrier incurs costs. It is expressed as a percentage of the base rate or a fixed amount per container, and is often combined with the bunker adjustment factor into a single CABAF line. CAF exists because liner tariffs are published in advance while currency values drift over the contract period.