Call for greater transparency on low-sulphur bunker surcharges
Bunker adjustment factors were first introduced to deal with the oil price shock of the early 1970s. But the industry appears to have forgotten they were originally only applied after a certain fuel price point was reached rather than being part of the base rate, says Alphaliner’s Hua Joo Tan
Carriers need to communicate with their shipper customers better to explain how new bunker adjustment factor surcharges are being calculated
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