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Bunker Price Adjustment Clause

This Contract is concluded on the basis of a bunker price of USD _____ per metric ton for _____ oil* of _____ grade. If the bunker price per metric ton at _____** on the first day of loading is higher than USD _____ or lower than USD _____, any amount in excess of such increase or decrease shall be payable to Owners or Charterers as the case may be.
The agreed bunker consumption for each voyage is as follows: _____

 * Indicate whether gas oil, diesel or fuel oil.

** Port or place (supplier or published index) to be agreed between the parties.

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