CTSA imposes higher BAF, CAF surcharges as oil rises and dollar falls

2008-6-4

THE 12 member lines of the Canada Transpacific Stabilisation Agreement will impose additional fuel and currency surcharges from July 1 to US$904 (from $832) per TEU, from $1,130 (from $1,040) per FEU.

From the same date these bunker adjustment factors (BAF) and currency adjustment factors (CAF) as the surcharges are know will go to $1,271 (from $1,170) per 40-foot high-cube container and to $1,431 (from $1,317) per 45-foot container.



There will also be a surcharge to $25 (from $23) for weight-measure adjustment. The CAF will become eight per cent, instead of seven per cent, American Shipper reports.



APL, Cosco Container Lines, Evergreen Line, Hanjin Shipping, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, MOL, NYK Line, OOCL, Yang Ming and Zim are the members of the CTSA.

Source: schednet.com
 Related>>
  CTSA hike rates due to higher costs, fuel prices, weak dollar 2007-12-6
 


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