Home > Bunkering > TC Bunker Lifting Options

When lifting bunkers in a TCTO voyage, multiple parties can be involved in the transaction. For example:

For more information about these scenarios, see the following:

Operator for Operator

Bunkers paid by the Operator for the Operator’s Account are not settled on the TC Out contract.

For a bunker lifting, if the invoice is paid by the Operator, and the bunkers are for the Operator’s Account, the following is shown:

Open

The TCO Charter Party shows the quantity and price paid in the Paid by Operator line. The price is not editable because it is a direct reflection from bunker lifting.

Open

When issuing a bill from the TCO Charter Party, Cost On Delivery and Cost On Redelivery check boxes are highlighted:

When these check boxes are selected, the invoice shows three lines to settle the delivery and redelivery bunkers:

Line 1 shows the quantity and price of the bunkers on delivery.

Lines 2 and 3 settle the redelivery bunkers:

The Charterer’s redelivery bunkers need to be settled: (1,000 − 100 MT) @ CP price 350 USD/MT, instead of actual price 300 USD/MT

The logic is as follows: The Operator has paid the bunkers at lifted price outside the TC Out contract, but the Operator is still buying all bunkers from the TCO Charterer on redelivery @ CP price, including the bunkers paid by the Operator. Hence, the Operator deducts the money from the bill to the TCO Charterer.

Operator for TCO

For a bunker lifting, if the invoice is paid by the Operator but the bunkers are for the TCO Charterer’s Account, the following is shown:

The TCO Charter Party shows the quantity and price paid in the Supplement to Delivery line. The price is editable and should be edited to reflect the eventual bunker selling price.
Note: The eventual selling price can be different from the lifting price (autocomplete gives the CP price).

When issuing a bill from the TCO Charter Party, in addition to Cost On Delivery and Cost On Redelivery, the Supplement to Delivery check box is highlighted:

When these check boxes are selected, the invoice shows three lines:

In addition to the cost on delivery and redelivery, a line appears for HSF Supplement to Delivery with the amount lifted for the TCO Charterer and paid by the Operator at the price of selling: 300 USD/MT (HSF price from the TC Out contract)

TCO for Operator

For a bunker lifting, if the invoice is paid by the TCO Charterer but the bunkers are for the Operator’s Account, the following is shown:

The TCO Charter Party shows the quantity and CP price in the For Operator’s Account line. The price field is editable and should be recorded as per invoices received from the TCO Charterer. The price field is the actual buying price from the TCO Charterer.

When issuing a bill from the TCO Charter Party, in addition to Cost On Delivery and Cost On Redelivery, the For Owner's Account check box is highlighted:

When these check boxes are selected, the invoice shows four lines:

Line 1 is used to settle the delivery bunkers.

The next three lines are used to settle the redelivery bunkers:

Lines 2 and 3 are used to settle the Charterer’s bunkers @ CP price 350 USD/MT.

Line 4 is used to settle the Owner’s bunkers: 100 MT @ buying price 300 USD/MT

The logic is as follows: The payable redelivery quantity @ CP price should be less than the total quantity redelivered because part of the redelivered quantity already belongs to the Operator when the TCO Charterer gets the lifting. Subsequently, the Operator settles this amount at the buying price with the Charterer (line 4).

TCO for TCO

For a bunker lifting, if the invoice is paid by the TCO Charterer but the bunkers are for the TCO Charterer’s Account, the lifting does not show on any charter party. This information is not relevant to the Platform user in this scenario; knowing this only affects the projected redelivery amount.

When issuing a bill from the TCO Charter Party, Cost On Delivery and Cost On Redelivery check boxes are highlighted, both settled at CP price for full Qty:

When these check boxes are selected, the invoice shows two lines:

The logic is as follows: The TCO Charterer is responsible for its own bunker consumption throughout the TC Out contract, so it is not important for Operator to know how much the Charterer lifted.

Operator for TCI

For a bunker lifting, if the invoice is paid by the Operator but the bunkers are for the TCI Owner’s Account, the following is shown:

The TCO Charter Party is the same as Operator for Operator because the TCO Charterer does not care about the final ownership of the bunkers, so long as it is not for the TCO Charterer.

The TCI Charter Party shows the quantity lifted and lifted price, in the For TCI Owner’s Account line. The price is editable and should reflect the actual selling price to the TCI Owner.

When making a payment from the TCI Charter Party, Cost On Delivery, For Owner’s Account, and Cost On Redelivery check boxes are highlighted:

When these check boxes are selected, the invoice shows four lines:

Line 1 is used to settle the delivery bunkers.

The next three lines are used to settle the redelivery bunkers:

Lines 2 and 3 are used to settle the Charterer’s bunkers @ CP price 350 USD/MT.

Line 4 is used to settle the Owner’s bunkers: 100 MT @ buying price 300 USD/MT

Similarly, the Operator subtracts the Owner’s Account (100 MT) from redelivery bunker quantity from TCI payment @ CP price and separately claims via Owner’s Account Paid by Charterer @ selling price.

TCI for Operator

For a bunker lifting, if the invoice is paid by the TCI Owner but the bunkers are for the Operator’s Account, the following is shown:

The TCI Charter Party shows the quantity lifted and CP price in the Supplement to Delivery line. The price is editable and should be recorded as your (Operator's) buying price from the TCI Owner.

When making a payment from the TCI Charter Party, in addition to Cost On Delivery and Cost On Redelivery, the Supplement to Delivery check box is highlighted:

When these check boxes are selected, the invoice shows three lines:

In addition to the cost on delivery and redelivery, a line appears for Supplement to Delivery with the Operator paying the invoiced price to the TCI Owner.

TCI for TCI

(Should not be used with Bunker Calculation Method = Average, for average calculation method use paid by TCI Owner for account Operator instead. This is because the lifting paid for by the TCI Owner will be used in calculating the average bunker value, consequently the lifting paid for by the TCI Owner is impacting the Operators account by default within this calculation method.)

If a bunker is lifted and the invoice is paid by the TCI Owner, the bunkers are for the TCI Owner’s Account, and the following is shown:

The TCI Charter Party shows the quantity only in the For Operator’s Account line. The price is neither relevant to the Operator nor editable.

When making a payment from the TCI Charter Party, Cost On Delivery and Cost On Redelivery check boxes are highlighted:

When these check boxes are selected, the invoice shows three lines:

Line 1 shows the quantity and price of the bunkers on delivery.

Lines 2 and 3 settle the redelivery bunkers:

The Charterer’s redelivery bunkers need to be settled: 1,000 − 100 MT @ CP price

The lifting price does not matter to the Operator. The Operator only knows that 100 MT is for the TCI Owner's Account, hence it is outside the TC In contract.

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• Total Owner's Qty should not exceed Total Redelivery Qty