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BAF-fuel surcharge

  • BAF-fuel surcharge author
  • 16th March 2026

To dear Cargo Charterer/Shipper/Concerned Party

Due to the unstable situation in the Middle East and the de facto closure of the Strait of Hormuz, crude oil prices have surged. Effective immediately, all shipments without signed contracts will be subject to the following fuel surcharge clause, or a provisional price increase of US$15-20 per chargeable ton.

Freight rates will be flexibly adjusted based on developments in the Middle East and fuel supply conditions. All quotations are valid for the day of publication. Thank you for your understanding.

In case bunker price(Singapore Platts’mean price /VLSFO)at the time of vessel’s departure of loading port, goes up / down out the fairway
usd 600 per mt for every usdl.00/mt up/down, baf of usd0. 03/rt to be added on /deducted from base freight rate.

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