Definition
A surcharge applied to ocean freight to compensate the shipping line for exchange-rate fluctuations between the currency of the tariff and the currency of the line's costs. It is usually expressed as a percentage of the base freight. South African importers paying freight in rand may see a CAF reflecting rand volatility against the US dollar.
Frequently asked questions
What is CAF (Currency Adjustment Factor)?
A surcharge applied to ocean freight to compensate the shipping line for exchange-rate fluctuations between the currency of the tariff and the currency of the line's costs. It is usually expressed as a percentage of the base freight. South African importers paying freight in rand may see a CAF reflecting rand volatility against the US dollar.
Which glossary terms are related to CAF (Currency Adjustment Factor)?
CAF (Currency Adjustment Factor) is a port & maritime term in the South African import/export industry. Related terms in the same area include BAF (Bunker Adjustment Factor), Berth, Blank Sailing, Bunker Fuel, Cargo Dues — each has its own plain-English definition in the TradeCaravan glossary.