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Date: Friday, October 30, 2009
| Re: |
BAF Adjustment for December 2009 |
Please be advised of the following JF Hillebrand USA BAF levels for December 2009.
Europe, South Africa to USA |
| Based on IFO 380 Rotterdam rolling 3 month index average |
| Month |
Adjustment |
20' |
40' |
| Oct |
Additional adjustment $67 per TEU |
$173 |
$346 |
| Nov |
No change, remains at $173 per TEU |
$173 |
$346 |
| Dec |
No change, remains at $173 per TEU |
$173 |
$346 |
South America to USA |
| Based on IFO 380 Houston rolling 3 month index average |
| Month |
Adjustment |
20' |
40' |
| Oct |
Additional adjustment $64 per TEU |
$177 |
$354 |
| Nov |
No change, remains at $177 per TEU |
$177 |
$354 |
| Dec |
No change, remains at $177 per TEU |
$177 |
$354 |
Europe, South Africa, and South America BAF is based on either the IFO 380 Rotterdam or Houston indexes rolling three month averages and is adjusted when the average exceeds +/- 15%.
Daily monitoring of the IFO 380 Rotterdam and IFO 380 Houston can be found at bunkerworld.com
Monthly monitoring at JF Hillebrand's website at www.jfhillebrand.com/US
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