The BAF (Bunker Adjustment Factor) surcharge for each route is adjusted each month based on the fuel mix per line and the rates for MGO, HFO and USD/NOK.

The current energy crisis in Europe is affecting supply and prices of marine fuels. The extraordinary pressure is mainly caused by energy sanctions against Russia. Consequently, Europe needs to import expensive fuels and crudes from other parts of the world, triggering additional transport cost. The price of fuel including extraordinary transport costs are basis for calculating bunker adjustment (BAF).