Bunker Adjustment Factor (BAF)
Bunker Adjustment Factor recalculation when fuel price changes - the standard time-charter / liner tariff adjustment clause.
BAF
0.51USD/t
Adjusted freight
28.51USD/t
Formula, assumptions, and limits
Fuel intensity k_F (tonnes of fuel per 100 t of cargo) depends on voyage length and vessel type. Revision typically quarterly in liner trades; voyage-by-voyage in tramp.
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| Current fuel price | USD/t | bunker market | |
| Base tariff fuel price | USD/t | CP base | |
| Fuel intensity per 100 t cargo | - | carrier data |