The bunker situation has become quite critical and prices are very volatile. Sea-Cargo will as from now on issue and revise BAF on monthly basis (both upwards and downwards), with release date being 20th of each month - with changes applicable as from 01st the following month. The notice will be posted on this site.

20th August 2010
Oil prices, product prices and the valuation of the USD has in recent months (years.. ) been
very voiatile - and we are still seeing large variation within very short periods (week(s)).
Sea-Cargo estabiished years ago a system were Bunkers cost/prices are calculated based on
"monthly average", then setting a fixed BAF surcharge for the following month. This has
enabled us to keep a relatively stable BAF surcharge (providing stable and foreseeable rates) despite
a volatile pricing scenario.
This Is very much reflected In the calculations for August, were oil prices peaked above USD 80
a barrel In early parts of the month - only to fall back to mid seventy level end month. The
average Is still within the previous window and we are therefore able to keep the BAF
surcharge unchanged.

The BAF surcharge for September remain unchanged at 23,75 %.