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Joining Bunkers

F5. The Reference Layer: Glossary, Units, Signals and Information Sources

Definition

Maritime trade reference for fuel taken at a join port.

Joining bunkers are the fuel and lubricants already on board a vessel at the moment it is delivered into a time charter, that is, the quantities the charterer takes over and pays the owner for at delivery. The charter party fixes the price (often a stated rate or current market price) and the survey quantities. The mirror item is the redelivery bunkers the owner buys back when the ship comes off hire. A bunker survey on delivery and redelivery establishes the figures; the term is also written “bunkers on delivery.”

Source: Time charter practice; bunker clauses in NYPE / BIMCO time charter forms (delivery and redelivery bunkers).