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.
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.