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

4th January, 2013

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 – Nanchang V.1301N

Ex Solomon Islands – Tropical Islander V.0022N

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