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2008 June 4   08:17

CTSA imposes higher BAF, CAF surcharges as oil rises and dollar falls

THE 12 member lines of the Canada Transpacific Stabilisation Agreement will impose additional fuel and currency surcharges from July 1 to US$904 (from $832) per TEU, from $1,130 (from $1,040) per FEU.
From the same date these bunker adjustment factors (BAF) and currency adjustment factors (CAF) as the surcharges are know will go to $1,271 (from $1,170) per 40-foot high-cube container and to $1,431 (from $1,317) per 45-foot container.
There will also be a surcharge to $25 (from $23) for weight-measure adjustment. The CAF will become eight per cent, instead of seven per cent, American Shipper reports.
APL, Cosco Container Lines, Evergreen Line, Hanjin Shipping, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, MOL, NYK Line, OOCL, Yang Ming and Zim are the members of the CTSA.

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