Bunker Adjustment Factor (BAF) Effective April 1, 2021

01 March 2021

Sealand – A Maersk Company has reviewed its Bunker Adjustment Factor (BAF), and the new tariffs will be effective April 1st, 2021.

We have used Bunkerworld’s fuel price index for 0.5% Sulphur fuel oil (VLSFO) for the BAF calculation, and the average bunker price used is 426.99 USD/TON. The details on the period and reference ports used for the calculation can be found in the table below.

Fuel Price references for BAF

Fuel type	Period	ROT	SIN	PAN	Average
Fuel type VLSFO	Period 26 AUG’20 – 25 NOV'20	ROT USD 307.34	SIN USD 335.82	PAN USD 328.45	Average USD 323.87
Fuel type VLSFO	Period 26 NOV’20 – 25 FEB'21	ROT USD 411.77	SIN USD 436.96	PAN USD 432.23	Average USD 426.99

The BAF will be applicable to all contracts with validity longer than three months, and the tariff values can be found in the table below:

BAF - Dry, Special Equipment, NOR & Reefer

Scope	20 DV	40 DV/HC	45 HC	20 REEF	40 REEF
Scope North America (United States, Canada, US Virgin Islands, Central America, Mexico, Caribbean, WCSA to East Coast South America)	20 DV USD 128	40 DV/HC USD 256	45 HC -	20 REEF USD 192	40 REEF USD 384
Scope North America (United States, Canada, US Virgin Islands to/from West Coast South America, North Coast South America, Central America, Mexico & Caribbean)	20 DV USD 214	40 DV/HC USD 427	45 HC USD 427	20 REEF USD 320	40 REEF USD 640
Scope East Coast South America to Central America, Caribbean, Mexico, West Coast South America, North America)	20 DV USD 278	40 DV/HC USD 555	45 HC -	20 REEF USD 417	40 REEF USD 833
Scope Intra-Latin America (Central America, Caribbean, Mexico, West Coast South America, North Coast South America)	20 DV USD 107	40 DV/HC USD 213	45 HC USD 213	20 REEF USD 160	40 REEF USD 320