BIMCO Bunker Rise Clause for Voyage Chartering
A one-way BIMCO clause passing the owner's actual increase in bunker price to charterers on contracts for several voyages.
The BIMCO Bunker Rise Clause for Voyage Chartering concludes a charter on the price of fuel in force at the charter date and makes charterers pay the difference if the price the owners actually pay for the fuel consumed on the contracted voyages is higher. BIMCO notes it is intended for contracts for several voyages.
The full article will compare it with the two-way BIMCO Bunker Price Adjustment Clause 2004 : actual cost against index, rise only against both directions, and the proof the owner’s account must carry. See bunker adjustment factor .