CBOD moves to help reduce fuel prices

The Chamber of Bulk Oil Distribution Companies (CBOD) has advised Bulk Oil Distribution Companies (BDCs) to revise their trade credit tenor from the current forward foreign exchange (FX) rate from the average 60-day (FuFeX60) to 30-day forward rate (FuFeX60). It stated that the adoption of a FuFeX30 (30-day forward rate) instead of FuFeX60 (60-day forward […]