Adjustment rules 2019 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.
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).