In time charter terms Including Bunker ROB means:
Upon delivery of the vessel to the charterers, the charterers must pay:
- One month’s hire in advance, and
- The full cost of the bunkers Remaining On Board (ROB) at the agreed delivery price.
After that point, all further bunker consumption is for the charterers’ account (they buy and pay for all fuel used during the charter period).
Breakdown of the key parts
| Term | Meaning |
|---|---|
| ROB | Remaining On Board – the quantity of fuel (bunkers) left in the vessel’s tanks at the moment of delivery (or redelivery). |
| Including bunker ROB | The delivery payment includes settlement of the bunkers that are already on the ship. |
| One month hire | Standard advance hire payment (common in time-charter parties). |
| Thereafter all bunkers on charterers’ account | Once the vessel is on hire, the charterers pay for every tonne of fuel the ship burns. |
Typical commercial effect
- At delivery: Charterers pay hire + value of ROB bunkers.
- During the charter: Charterers supply and pay for all bunkers.
- At redelivery: Owners usually pay the charterers for the bunkers remaining on board (or the charter party may provide for a different settlement method).
This is a normal time-charter arrangement. The only specific point being emphasised here is that the initial bunker ROB cost is paid up-front together with the first month’s hire.
