Shipping lines, operating from Pakistan, increased fuel surcharge on all the exports to Europe to 85 dollars per 20-foot container and 140 dollars for 40-foot containers from January 1, 2005. The Currency Adjustment Factor (CAF) will also be increased to 9.23 percent of the basic freight from January 1, 2005.
All member-shipping lines of India-Pakistan-Bangladesh-Ceylon Conference (IPBCC) has announced that the revised fuel and currency adjustment charges will be implemented from January 1, 2005.
Maersk Sealand, a leading shipping line, in a notice to the trade said that a revised level of bunker adjustment factor (BAF) would be implemented on the cargo, moving to the European destinations from January 1, 2005.
The quantum of the BAF will be full container load (FCL) cargo 85 dollars for a 20-foot container and 170 dollars for a 40-foot box.
The fuel charges will be 8.50 dollars W/M for the loose container load (LCL) cargo.
In a second notice to the trade, Maersk Sealand informed its customers that a revised CAF was being implemented in the Eastbound and Westbound trade to and from Pakistan from January 1 to 31, 2005.
The CAF quantum is 9.23 percent of the basic freight. All member lines of the IPBCC will implement the surcharge.