diff --git a/jOOQ/src/main/java/org/jooq/impl/DefaultRenderContext.java b/jOOQ/src/main/java/org/jooq/impl/DefaultRenderContext.java
index 0f9446e945..885a9b5f37 100644
--- a/jOOQ/src/main/java/org/jooq/impl/DefaultRenderContext.java
+++ b/jOOQ/src/main/java/org/jooq/impl/DefaultRenderContext.java
@@ -736,6 +736,9 @@ class DefaultRenderContext extends AbstractContext<RenderContext> implements Ren
             Param<?> param = (Param<?>) internal;
 
             if (!param.isInline()) {
+
+                // [#16340] Increment index even if we don't need it internally, while rendering
+                nextIndex();
                 bindValues.add(param);
 
                 Integer threshold = settings().getInlineThreshold();
diff --git a/jOOQ/src/main/java/org/jooq/impl/Val.java b/jOOQ/src/main/java/org/jooq/impl/Val.java
index 9e70a2bbbd..03b43a18e3 100644
--- a/jOOQ/src/main/java/org/jooq/impl/Val.java
+++ b/jOOQ/src/main/java/org/jooq/impl/Val.java
@@ -351,7 +351,7 @@ final class Val<T> extends AbstractParam<T> implements UEmpty {
     @NotNull
     final String getBindVariable(Context<?> ctx) {
         if (ctx.paramType() == NAMED || ctx.paramType() == NAMED_OR_INLINED) {
-            int index = ctx.nextIndex();
+            int index = ctx.peekIndex();
             String prefix = defaultIfNull(ctx.settings().getRenderNamedParamPrefix(), ":");
 
             if (StringUtils.isBlank(getParamName()))