A Fuel Surcharge (BAF), as per Note 8 to the Towage (Tariff of Rates) Regulations 2007, is being applied to cover fluctuations in the international price of oil.  The surcharge based on the price of gas oil is calculated as a percentage on the normal rates charged for the service in accordance with Column 2 of the Schedule and shall be revised periodically to reflect fluctuations in oil prices as published or announced from time to time by the competent authority responsible for the publication of the official fuel price notifications.

The BAF is charged over and above the normal rates included in the invoiced price of each operation and is not subject to any rebates applicable to regular and frequent Users of tugs in accordance with a Rebate Contract.

The rate applicable with effect 4th November 2008 and until further notice shall be 11.2%.  Any future changes in this rate will be notified to Agents, and published on our web site at www.tugmalta.com.