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Bunker Clause, Baltic and North Sea Services

Finnlines Baltic and North Sea Services, 30.12. 2014

New Bunker Clause and the consequent bunker surcharge, BRF (Bunker Restoration Factor)

The current Bunker Clause will be renewed on the 1st January 2015. At the same time, the current bunker surcharge will be included in the sea freight with a value of 35 % (the average of the follow up period 13.11-10.12.2014) and the new clause will start from zero.

The new clause will be based on a mix of IFO380 and MGO (see below), representing the mix used by our fleet (excluding NordöLink and FinnLink). The clause and the table are attached.

The clause will be re-evaluated whenever there are significant changes in relevant factors (on yearly basis by default).

Kindly note, that the bunker surcharge will be defined as a percentage of the freight, except for trailers and lorries in the Baltic Services for which EUR/lane metre will be applied.

The Bunker Clause

All freight rates are exclusive of bunker surcharge, BRF. The surcharge is based on the mix of IFO380 (75%) and MGO (25%) price notation in Rotterdam, as published by Bunker World (subject to international convention in force).

The observation period of the fuel prices is one calendar month.

The amount of the surcharge is based on the following table, where the bunker price index is calculated as described above. The surcharge is valid until there is a change in the bunker prices to validate an adjustment. The surcharge is then adjusted on the first working day of the month, and a notice is given to the customers and / or published on Finnlines' website. The new bunker surcharge will be valid on the 7th day of the month.


  1. The average price of IFO380 (75%) and MGO (25%) per 1000 kg in EUR
  2. Baltic Sea / trailers, lorries; EUR / lane metre
  3. Baltic Sea / other cargo; North Sea / all cargo; per cent

1.

 

2.

3.

127.5

->

-6.72

-13.23%

135.0

->

-6.40

-12.60%

142.5

->

-6.08

-11.97%

150.0

->

-5.76

-11.34%

157.5

->

-5.44

-10.71%

165.0

->

-5.12

-10.08%

172.5

->

-4.80

-9.45%

180.0

->

-4.48

-8.82%

187.5

->

-4.16

-8.19%

195.0

->

-3.84

-7.56%

202.5

->

-3.52

-6.93%

210.0

->

-3.20

-6.30%

217.5

->

-2.88

-5.67%

225.0

->

-2.56

-5.04%

232.5

->

-2.24

-4.41%

240.0

->

-1.92

-3.78%

247.5

->

-1.60

-3.15%

255.0

->

-1.28

-2.52%

262.5

->

-0.96

-1.89%

270.0

->

-0.64

-1.26%

277.5

->

-0.32

-0.63%

285.0

->

0.00

0%

292.5

->

0.32

0.63%

300.0

->

0.64

1.26%

307.5

->

0.96

1.89%

315.0

->

1.28

2.52%

322.5

->

1.60

3.15%

330.0

->

1.92

3.78%

337.5

->

2.24

4.41%

345.0

->

2.56

5.04%

352.5

->

2.88

5.67%

360.0

->

3.20

6.30%

367.5

->

3.52

6.93%

375.0

->

3.84

7.56%

382.5

->

4.16

8.19%

390.0

->

4.48

8.82%

397.5

->

4.80

9.45%

405.0

->

5.12

10.08%

412.5

->

5.44

10.71%

420.0

->

5.76

11.34%

427.5

->

6.08

11.97%

435.0

->

6.40

12.60%

442.5

->

6.72

13.23%

450.0

->

7.04

13.86%

457.5

->

7.36

14.49%

465.0

->

7.68

15.12%

472.5

->

8.00

15.75%

480.0

->

8.32

16.38%

487.5

->

8.64

17.01%

495.0

->

8.96

17.64%

502.5 and higher, BRF surcharges accordingly


Bunker Restoration Factor – Updated 30.12.2014

Values 30.12.2014

USD

Share

Bunkerworld Rotterdam

IFO380

286.00

75.0%

Bunkerworld Rotterdam

MGO

509.50

25.0%

       

USD

341.88

USD/EUR rate

1.19613

EUR

285.82