NILEDUTCH BUNKER ADJUSTMENT FACTOR (NBF)
The International Maritime Organization (IMO) requires that from 1 January 2020, Sulphur content in the fuel used for international shipping must be limited globally to 0.5%, compared with the current standard of 3.5%, in order to minimize emissions of Sulphur oxides from ships.
In specific Emission Control Areas (ECAs), defined by the UN IMO or other government bodies, the limit is already 0.1%. NileDutch supports the new rules which will improve the ecological footprint of the shipping industry.
Effective 1 August 2019 NileDutch will implement a new NBF
- NBF replaces the current BAF
- NBF includes Low Sulphur Surcharge (LSS) for 0,1% fuel in Emission Control Areas (ECA)
- NBF recovers fuel related costs and will be charged separately from the ocean freight
- NBF will be per TEU, and for reefer will be calculated with a factor reflecting the electricity consumption of reefer containers
NBF will be different per trade, based on the fuel price in key bunkering ports, and the trade factor for the specific trade.
Contact your local NileDutch team for additional information.
Your NileDutch Team.