View source for Bunker Adjustment Factor

The '''Bunker Adjustment Factor''' (B.A.F.) is a payment adjustment used to compensate shipping lines for fluctuating [[fuel]] costs.<ref>[http://www.marad.dot.gov/publications/glossary/glossary.html U.S. Department of Transportation Maritime Administration]</ref> Originally derived for steamships, with [[coal]] bunkers, it is also sometimes referred to as the '''Fuel Adjustment Factor''' (F.A.F.) 

==References==
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[[Category:Shipping Terms]]