Bunker Rise Clause for Voyage Chartering
Overview
Bunker Rise Clause for Voyage Chartering
BIMCO Bunker Rise Clause for Voyage Chartering
This Charter is concluded on the basis of a price of .......... per ton of* ............. for bunker** ............. oil of .............. grade in force on the date of this Charter. If the price actually paid by the Owners during the period of this Charter for the quantity consumed on the contracted voyage(s) should be higher, the difference shall be paid by the Charterers to the Owners on production of the Owner's account therefor.
* Insert 1,000 kilos or 2,240 lbs as applicable.
** Indicate whether diesel, fuel or gas oil.
(NOTE: This Clause is particularly intended for contracts for several voyages).
Related Help & Advice
Create or edit a contract
The one-stop digital shop for all the standard maritime contracts and clauses you’ll ever need.
Related publication
Check Before Fixing
This publication builds upon decades of BIMCO’s experience as the world leader in developing standard shipping contracts and clauses and its daily practic...
Related training
Summer Shipping School
- Vaerloese, Denmark
- 19 June, 2023
The Summer Shipping School is designed to provide a thorough overview of skills used in chartering and operations through case studies and first-class teaching....
Latest Related News
-
BIMCO’s CII clause adopted
The BIMCO Documentary Committee has adopted a CII Operations Clause for Time Charter Parties which will help the industry commercially navigate the complexities of the new CII regulations from the International Maritime Organization (IMO).
-
VPS Bunker Alerts
Veritas Petroleum Services (VPS) publish regular Bunker Alerts based entirely on fuel samples. The bunker samples are analysed by VPS whenever a short-term quality issue is identified in a specific port or region.
-
Fumigation
BIMCO providing information and guidance relating to fumigation of cargoes that are shipped under the IMSBC Code, the Grain Code and the IMDG Code.
-
BIMCO publishes EEXI Transition Clause ahead of IMO efficiency regulation
New regulation from the International Maritime Organization (IMO), which will require existing ships to reduce carbon emissions, is due to enter into force in just under one year. As compliance will benefit to a large extent from co-operation between shipowners and charterers, BIMCO has developed a new clause to address the changes.
-
Sierra Leone to implement IMO 2020 penalties for non-compliant fuel
From 1 September 2021, ship owners and operators calling at ports in Sierra Leone risk penalties of up to USD 15,000 if they carry fuel with a sulphur content exceeding 0.5 percent. Ships or members experiencing problems related to enforcement of MARPOL Annex V or unavailability of compliant fuel are encouraged to inform BIMCO via email hsse@bimco.org with “IMO 2020” in the subject field.
ELSEWHERE ON BIMCO
Holiday calendar
BIMCO's Holiday Calendar covers general holidays in over 150 countries, plus local holidays and working hours in more than 680 ports around the world.
Learn about your cargo
For general guidance and information on cargo-related queries.
