MSC clarifies Bunker Recovery Charge mechanism
MSC has revealed the exact mechanism used to calculate its Bunker Recovery Charge (BRC), which will come into effect January 1 2019 in order to comply with the International Maritime Organisation (IMO)’s 2020 sulphur cap.
The formula for the BRC consists of the fuel price per tonne multiplied by the Trade Factor coefficient – fuel consumption per round trip divided by teu carried round trip.
For example, if the fuel price was US$500 for the Asia-Europe route, the BRC would be US$310 and, at the same price, for the Europe-Asia route the BRC would be US$120.
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