BAF is the abbreviation for Bunker Adjustment Factor. The maritime fuel surcharge. A carrier may apply a bunker adjustment factor to its freight rate to cover upward fluctuations in bunker costs.

Fuel prices fluctuate quite a bit, so shipping lines charge a fee called "Bunker Adjustment Factor (BAF)" for fluctuations in global bunker prices.

Depending on the trade route and agreements between the carrier and the shipper/BCO, BAF may be charged separately or included in the freight charge.

There is no set formula for success for BAF; its success depends entirely on what happens with oil prices.

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