WTSA introduces new BAF formula

摘要

The Oakland-based Westbound Transpacific Stabilisation Agreement (WTSA) has revamped its formula for calculating BAFs Brian Conrad, executive director of the discussion and research forum covering the trade between the US and Far East, said the new formula had come out of the need to 'provide customers with an easily justifiable and transparent process'. 'Specifically', he said, 'WTSA's new surcharge tracks a single marine fuel oil price, IFO 380, which accounts for 98 of carriers' fuel costs. 'It eliminates the weighted average of weekly prices at 11 load ports and uses a straight average of Hong Kong and Los Angeles prices for shipments out of the west coast and Hong Kong and New York for the east coast.