Fuel Adjustment Factor (FAF)
Our fuel adjustment factor for Door – Door Customers is calculated on basis of Statoil Norge AS, truck diesel prices the 1st of each month. The calculated FAF will be valid from the 1st of the following month, i.e: the FAF calculated the 1st of January is valid from 1st of February until 28th of February.
All freight rates are exclusive of FAF. The FAF may be adjusted without notice in response to fluctuations in fuel prices and rate of exchange.
In accordance to the FAF model for our Door-Door activity for Norwegian paid cargo, the FAF surcharge is 21,5% per September 1st, 2010, which is down 1% up compared to August 2010.
The FAF for September 2010 is calculated at the diesel price as per August 1st 2010
pursuant to Statoil Norge tariff.
http://www.statoil.com/mar/SVG02508.nsf/WebCompanyTDiesel?OpenForm
Please note that the new extended SECA fee as per July 1st, 2010 has been included in the FAF from July 1st, 2010
The SECA has only been implemented on customers who are on a General FAF sliding scale. For customers who are not on the general sliding scale, SECA has not been implemented in the FAF.