Ocean shipping: TACA says bunker adjustment factor tariff rates will rise in December

Staff -- Logistics Management, 11/14/2007

WEST SUSSEX, England—The Trans-Atlantic Conference Agreement (TACA) announced this week that  due to a sharp increase in fuel prices its bunker adjustment factor (BAF) will increase from December 15 to at least January 16. 

BAF Tariff rates for traffic to/from and via Atlantic and Gulf Coast Ports currently are $752 per 20-foot container and $1,504 per 40-and 45-foot containers. For traffic to/from and via Pacific Coast Ports, the rates are $1,128 per 20-foot container and $2,256 per 40-and 45-foot containers.

TACA said in a press release that with respect to the currency adjustment factor (CAF), the tariff published level based on the latest monitoring exercise will remain at 12 percent through January 15. 

The TACA is comprised of ocean carriers that offer maritime and intermodal service between the United States, Atlantic, Gulf, and Pacific ports to and from North Europe, the United Kingdom and Ireland and Scandinavian and Baltic ports. Member ocean carriers include Atlantic Container Line A.B., Maersk Line, Mediterranean Shipping Co., Nippon Yushen Kaisha (NYK) Line, and Orient Overseas Container Line (OOCL).