Seatruck Ferries has a BAF in place for all shipments.
The BAF is adjusted monthly based on the Rotterdam USD index average price of IFO 380 Grade Fuel Oil with a 3.5% sulphur content and the £/$ exchange rate. IFO380 is the main engine fuel type that we use. We do not currently include the fluctuations in generator fuel cost as part of our BAF calculations.
The previous month’s daily IFO 380 bunker price and the GBP/USD exchange rate is averaged using www.bunkerworld.com and www.bankofengland.co.uk
The BAF for all shipments in February 2019 will be 17.5 %
The table below shows the scale that we use in tabular format.
|
Price range £/ton |
Bunker adjustment factor (BAF) |
|
|
From |
To |
|
|
£285.00 |
£289.99 |
20.00% |
|
£290.00 |
£294.99 |
20.50% |
|
£295.00 |
£299.99 |
21.00% |
|
£300.00 |
£304.99 |
21.50% |
|
£305.00 |
£309.99 |
22.00% |
|
£310.00 |
£314.99 |
22.50% |
|
£315.00 |
£319.99 |
23.00% |
|
£320.00 |
£324.99 |
23.50% |
|
£325.00 |
£329.99 |
24.00% |
|
£330.00 |
£334.99 |
24.50% |
|
£335.00 |
£339.99 |
25.00% |
* Thereafter BAF increases by 0.5% per £5 fuel cost increase.