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On the Bunkers tab of a Time Charter (TC), a Bunkers on Consumption check box appears . Depending on the contract type, it serves different purposes.

Time Charter In

When you select Bunkers on Consumption for a TC In, TC bunker adjustment is the difference between the owner bunker cost and TC contract bunker cost.

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You do not know the vessel's FIFO; therefore, the owner's cost is unknown. You calculate redelivery adjustment as for the duration of the TC In.

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only for TC Out contracts.

Time Charter Out

As the TC owner for TC Out contracts, you know the delivery and redelivery quantity and price. As a result, on the TC Out Bunkers tab, you can select Bunkers on Consumption to calculate delivery and redelivery adjustments.

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