CMA CGM will implement a Bunker Recovery Adjustment Factor (BRAF) as from April 1st, 2021.
The Bunker Recovery Adjustment Factor is applicable on monthly basis for the short term contracts only (excluding any contract subject to quarterly floating BAF mechanism) to reflect the significant increase in the bunker rates.
Effective April 1, 2021 (date of loading in the origin ports) and until further notice, the new amount of the Bunker Recovery Adjustment Factor, based on the VLSFO average price of Q1 (Dec 20, Jan 21, Feb 21 Baseline), will be applicable to all cargo on INTRAMED trade lanes with the following quantum for April 2021:
BRAF amount:
- EUR 36 | USD 43 per TEU Dry / IMO / OOG
- EUR 43 | USD 51 per TEU Reefer
- Origin ↔ Destination: all MED ports including Morocco, Portugal and Black Sea
- Date of application: April 1st, 2021 (date of loading in the origin ports)
