AWATA PRESS NOTICE
ASIA WEST AFRICA TRADE AGREEMENT (AWATA)
January 2018 BAF guideline

In accordance with the established review procedure, it is AWATA recommendation to apply BAF at the level of USD.513/TEU effective 1st January, 2018 (adjusted upward from the December 2017 level of USD.467/TEU), which is based on justifiable cost study. AWATA also recommend the BAF should be applied on top of the ocean freight at the time of shipment.

The BAF guidelines are to be reviewed on a monthly basis to mirror actual fluctuation of bunker prices and as per established monthly review formulae. February 2018 BAF will be announced toward the end of December 2017 so as to provide one month advance notice period.

As a discussion agreement, it should be clearly noted that the recommendation is posed to individual AWATA Members, on an individual, voluntary and non-binding basis.

Please contact us or Member Lines of the Agreement who are always happy to respond to any queries you may have on this subject.

28th November, 2017.
Secretary

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