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CMA CGM to implement BRAF for West African Ports
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Posttime:2022-07-14
FRENCH shipping giant CMA CGM is implementing a Bunker Recovery Adjustment Factor (BRAF) for vessels calling West African ports due to a rise in marine fuel costs, reports the American Journal of Transportation.
The BRAF will come into effect on August 1 until further notice.
"This BRAF will be applicable on monthly basis for short-term contracts only (excluding any contract subject to quarterly floating BAF mechanism) to reflect the significant increase in the bunker rates," said CMA CGM.
The BRAF will apply to vessels leaving all north European, west Mediterranean, east Mediterranean, North African, Adriatic, Black Sea, Baltic and Scandinavia ports to call at West African ports.
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