Bunker Charge definition

Bunker Charge. An extra charge sometimes added to steamship freight rates; justified by higher fuel costs. (Also known as Fuel Adjustment Factor or FAF). Bunkers : A maritime term referring to fuel used aboard the ship. Coal stowage areas aboard a vessel in the past were bins or bunkers. have cabotage laws which require national flag vessels to provide domestic interport service. CAF : Abbreviation for "Currency Adjustment Factor." A charge, expressed as a percentage of a base rate, that is applied to compensate ocean carriers of currency fluctuations.
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Examples of Bunker Charge in a sentence

  • Except as otherwise provided, all rates shown herein are subject to a Bunker Charge as noted.

  • Except as otherwise provided all rates shown herein are subject to Emergency Bunker Charge as noted in the assessorial.

  • Rate will be subject to change in Bunker Adjustment Factor (BAF), Low Sulphur fuel (LSF), Currency Adjustment Factor (CAF), War Risk Surcharge (WRS), Fuel Adjustment Factor (FAF), Emergency Recovery Surcharge (ERS), Bunker Charge (BUC), Peak Season Surcharge (PSF), Container Ground Surcharge (CGS), or any extraordinary surcharge without prior notice.

Related to Bunker Charge

  • User charge means a charge imposed on airlines for the provision of airport, air navigation, or aviation security facilities or services including related services and facilities.

  • Adviser Charge : means the fee agreed with your financial adviser in remuneration for the personal recommendation received prior to submission of an Application Form.

  • User Charges means a charge made to airlines by a service provider for the provision of airport, airport environmental, air navigation and aviation security facilities and services.

  • Water Charges means service charges in respect of the provision of water.

  • Room charge means the charge imposed for the use or occupancy of a room, excluding charges for food, beverages, state use tax, telephone service, or like services paid in connection with the room charge, and reimbursement of the assessment as allowed in section 6.