TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

FUEL ADJUSTMENT FACTOR [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2003-04-11

English

Subject field(s)
  • Pricing (Water Transport)
  • Crude Oil and Petroleum Products
DEF

A technique whereby a surcharge is raised by the shipowner on the basic freight rate to reflect increased fuel cost incurred due to the upward price of fuel oil which may be attributable to currency variations or simply an increase in the basic bunker rate.

OBS

The surcharge may be later consolidated with the basic rate, etc. It is expressed either as an amount per freight ton or as a percentage of the freight.

French

Domaine(s)
  • Tarification (Transport par eau)
  • Pétroles bruts et dérivés

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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