Maersk Line has ceased offering a publicly available Bunker Adjustment Factor (BAF) calculator amid changes to the way its BAF functions, but says the changes are not designed to profit from a slide in oil prices, ShippingWatch reports.
Until recently, Maersk Line’s website included a BAF calculator allowing customers to calculate changes in the box shippers BAF charges given changes in the oil price based on a formula which Maersk Line says had been in operation for “some years”.
But the carrier has made changes to the way it calculates its BAF and will no longer offer the calculator in what some customers are said to believe is an attempt to keep more of the savings from a low oil price by reducing transparency over pricing.