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 February 2010
Oil prices – both crude and products – have been relatively stable during last period. Prices fell during the first part, but have in second part again moved back to the average seen during the previous period. Sea-Cargo follows its established system – calculating variance on a monthly average basis. The calculations for last 30 days indicate no change in the existing BAF surcharge - which as such will be kept at same level as for February, 22.5%