GlossaryEN1 min readUpdated: Jun 13, 2026
Currency Adjustment Factor
Shipping lines use the Currency Adjustment Factor (CAF) to manage exchange-rate exposure in international ocean freight: it is a variable surcharge applied on top of the basic freight rate to offset movements between the tariff currency – typically the US dollar – and the customer's payment currency.
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Source: https://www.maersk.com/help/faqs/all-surcharges
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Definition & Explanation
Shipping lines use the Currency Adjustment Factor (CAF) to manage exchange-rate exposure in international ocean freight: it is a variable surcharge applied on top of the basic freight rate to offset movements between the tariff currency – typically the US dollar – and the customer's payment currency. The factor is recalculated at regular intervals and shown as a separate line item on the freight invoice, with the exact percentage varying by trade lane and carrier. From a customs perspective, CAF forms part of the dutiable value and therefore affects the basis on which import duties and taxes are assessed. It should not be confused with the BAF (Bunker Adjustment Factor), which covers fuel cost fluctuations exclusively.
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