Recent Shipping Gazette™ news articles and the Commentary column focusing on emergency bunker surcharges being applied to shippers (June 9) have prompted interest from readers who have asked the basic question – how are BAF (bunker adjustment factors) calculated?
BAFs aren’t the same as the emergency surcharges. These an everyday occurrence wrapped up into freight rates quoted by lines along with other surcharges such as PSC (port service charges), THC (terminal handling charges) and the like.
Which freight incoterms to choose and why
All fees included in the NZ port fees
Extra fees that you should account for
The Commentary on how “General Average” works prompted by Maersk’s declaration of it following the fire on board the Honam. It has caused some interesting feedback relating to the value of having marine cargo insurance.
In particular, the issue that has been drawn into sharp focus is the risk borne by all New Zealand exporters and importers, who proceed to ship goods without marine insurance.
Max: If you want to learn more different business tactics, tools and how to import or export goods to New Zealand then start now by subscribing to our YouTube channel.
Alex: You want to bring a 20-foot container from any country to New Zealand, where do you start?
Max: All these five mistakes apply whether you import a full container, air freight, or even 100 kilos by sea freight, and it’s very important to make sure that you prepare all these things before you arrive in New Zealand.
Make sure you do not arrive before your shipment arrives in New Zealand.
Max: We wanted to sit together and talk to you about a very sensitive subject for many. Alex and I are both co-founders and directors of the beautiful company called Easy Freight. And we’ve been in business for a long seven years!
Some of you also have a business partner or planning to find one in the near future. So we came up with an idea to share interesting and most common problems we experienced during all these years of running a business as partners.
We hope it will be useful to you!