Please be aware of the following update.
Emergency Bunker Adjustment Factor refers to the largest single element of sea freight ‘Fuel’ which fluctuates due to world oil prices which have risen in 2018 by over 40% versus the 2017 average. Shipping Lines previously advised they are unable to continue to absorb these extra costs on top of already low freight rates, so have no choice but to pass these on as a separate surcharge – EBAF.
Due to the continued rise of fuel combined with the fall of GBP£ against the US$, Shipping Lines are looking at increasing their EBAF surcharge effective 1st December 2018 and unfortunately we expect those lines we convinced not to apply one back in June to follow suit, or apply rate increases effective same date.
All bookings with sailings on or after 1st December 2018 will be subject to their new level of EBAF, however SGL will only apply EBAF if and when incurred and will be passed on by SGL at cost as an additional charge. Please note EBAF may vary subject to the lines specific Trade Lane and vessel routing.
Effective 1st December 2018 – EBAF will range from $50 to $110 per TEU (Reefer Containers will be at a higher rate)
The level of EBAF surcharge will be reviewed by lines on a month by month basis, but applicable till advised otherwise.
The Logistics Team @ SGL