Maersk: New Fossil Fuel Fee for Ocean Transport
In Denmark, Maersk announced starting July 1, a new Fossil Fuel Fee (FFF) will replace the current Bunker Adjustment Factor (BAF) and Low Sulphur Surcharge (LSS) for ocean transport contracts longer than three months. The FFF will streamline the cost recovery for various mandated fuel types into a single quarterly reviewed surcharge. The FFF aims […]
