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Date: Thursday, April 1, 2010
| Re: |
May BAF Europe/South Africa, and South America and Oceania Unchanged |
Please be advised of the following BAF levels for May 2010:
Europe, South Africa to USA |
| Based on IFO 380 Rotterdam rolling 3 month index average |
| Month |
Adjustment |
20' |
40' |
| Mar 2010 |
No change, remains at $173 per TEU |
$173 |
$346 |
| Apr 2010 |
No change, remains at $173 per TEU |
$173 |
$346 |
| May 2010 |
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' |
| Mar 2010 |
No change, remains at $177 per TEU |
$177 |
$354 |
| Apr 2010 |
No change, remains at $177 per TEU |
$177 |
$354 |
| May 2010 |
No change, remains at $177 per TEU |
$177 |
$354 |
Australia / New Zealand to USA |
| Based on quarterly BAF average |
| Quarter |
Adjustment |
20' |
40' |
| Jan-Mar 2010 |
Adjusted to $520 per TEU |
$520 |
$1040 |
| Apr-Jun 2010 |
No change, remains at $520 per TEU |
$520 |
$1040 |
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 under BAF Information.
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