Swire Shipping BAF Announcement (PNG SI to Asia) - Jan 2013

4th December, 2012

CHANGE IN BUNKER ADJUSTMENT FACTOR (BAF)
FOR NORTHBOUND CARGO
FROM PAPUA NEW GUINEA & SOLOMON ISLANDS TO ASIA

As a result of a fluctuation in the price of oil, Swire Shipping has revised the Bunker Adjustment Factor (BAF) being charged for all Northbound cargo from Papua New Guinea and Solomon Islands to Asia. The new BAF charges will be as follows:

USD $600 / TEU

USD $1200 / FEU

USD $33.00 / RT (Break-bulk / LCL)

The new BAF charges will be implemented from the following vessels:

Ex PNG – Kweilin V.1216N

Ex Solomon Islands – Kweilin V.1216N

Swire Shipping will review the BAF on this trade lane monthly, tracking it on the Platts IFO380 market price and reduce or increase our BAF accordingly.

For further information please do not hesitate to contact your local Swire Shipping representative.

Swire Shipping
Sydney
www.swireshipping.com