Drewry and the European Shippers’ Council publish a bunker adjustment factor indexing mechanism for shippers’ reference and guideline.
Drewry and the ESC have defined and published a simplified BAF indexing mechanism and bunker charge guide to help shippers monitor and control bunker charges as shipping lines switch to the more expensive bunkers required under the IMO 2020 low-sulphur regulation.
The mechanism is the result of the ESC-Drewry IMO toolkit reference group, a European shipper experts, Drewry and the ESC tasked in particular with gathering views and best practices on IMO 2020 low-sulphur fuel-related topics.
The toolkit is available for download here.