CMA CGM outlines its Bunker Adjustment Formula
CMA CGM has clarified its Bunker Adjustment Formula (BAF), which will take effect on January 1, 2019 to comply with the International Maritime Organisation (IMO)’s low sulphur regulation.
The carrier has chosen to use low sulphur fuel (LSFO) to adhere to the new regulation, as the IMO has set a maximum sulphur content threshold of 0.5% for marine fuels from January 1, 2020.
As the cost per tonne for LSFO is expected to be significantly higher than the current IFO 380, the shipping line has introduced a new quarterly BAF for long term contracts.
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