Due to the increasing volatility of freight rates, CMA CGM has determined there is a need to simplify their quotations and invoices in order to improve the quality of service, which in turn led them to review the "Forwarding Agent's Commission" system. As from January 1st, 2017, the freight rates in the European markets [North Continent, UK, Scandinavia, Baltic, West Med, East Med] to the French West Indies, French Guyana, Indian Ocean, West Africa and East Africa will be quoted and invoiced on net basis, therefore the Forwarding Agent Commission (FAC) will no longer be applied. In order to avoid penalizing you, the FAC nominal amount that should have been credited on 1/1/2017 will be deducted once directly from the freight rates that will be quoted and invoiced in Net. Provided Example : Rate applicable on 01.01.2017 [Old Version] Basic Ocean Freight EUR 700 BAF EUR 400 FAC EUR -17.5 (BOF x 2.5%) TOTAL = EUR 1,082.5 Rate applicable on 01.01.2017 [New Version] Basic Ocean Freight EUR 682.5 [700 x (1-2.5%)] BAF EUR 400 TOTAL = EUR 1,082.5