BAF
Charges & surchargesBunker Adjustment Factor
A surcharge that moves with the price of ship fuel.
In practice
Carriers publish BAF per TEU by trade lane, revised monthly or quarterly against a fuel price index. Rates quoted as all-in include it; rates quoted as basic freight plus surcharges do not. Some carriers call it FAF, EFF, or MFR.
Seen in the wild
Basic ocean USD 1,200 + BAF USD 350 per 40'.