Adjustment rules 2017 Seca Area:
1. The fuel surcharge will be adjusted on a monthly basis and will be valid for one calendar month.
2. The surcharge will be calculated based upon a one month average USD per metric tonne price for LSMGO 0,1% as of Bunkerworld Rotterdam www.bunkerworld.com, converted into the respective invoicing currencies in the table above. * The conversion rate will be the average for the same one month period, as quoted by the Swedish National Bank.
Bunkerworld Rotterdam Prices MGO 0,1%
3. The adjustments will take place on the 1st of each month.
'* To facilitate introduction of new BAF rates on 1st of each month, the calculation is based on the average USD per metric tonne price for LSMGO 0,1% and USD rate of exchange up to the 21st of the previous month (e.g. January based on 22nd November to 21st December).