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Bunkering Adjustment Factor for transport

Dear customer,

Following further fluctuations in fuels prices, and no sign that stability will return to the Price of fuel, Mattheeuws Eric Transport NV has taken the decision to implement a revised BAF clause on its road transport work with effect from the first of each month.

The following table indicates the level of BAF that will be applied based on the average price of the fuel as per www.cnr.fr on the previous month.
http://www.cnr.fr/en/gazole/e-docs/00/00/02/07/document_carburant.phtml#haut
Click on the month of 11/10 to convert into the 100% base.

In September, fuel is at +12.46%
So, the BAF for November is at 3.3%
In October, fuel is at +14.4%
So, the BAF for December is at 3.8%
In November, fuel is at +17%
So, the BAF for January is at 4.5% 
In December, fuel is at +15.7%
So, the BAF for February is at 4.1% 
In January, fuel is at +19.1%
So, the BAF for March is at 5% 

It is our intention to revise the BAF rate on a monthly basis, and to inform our customers both by email and via the news page on our website www.mattheeuws.eu.

Thanks for your understanding.

Yours faithfully

Eric Mattheeuws