diff --git a/.github/pull_request_template.md b/.github/pull_request_template.md
index 9e5440a76..7f318f50f 100644
--- a/.github/pull_request_template.md
+++ b/.github/pull_request_template.md
@@ -6,9 +6,9 @@
 
 **TODO: Please confirm there's no breaking change, or call out any that are made.**
 
-### Does this change need a changelog entry?
+### Does this change need a changelog entry? Does it require a version change?
 
-**TODO: Confirm with justification if not added.**
+**TODO: Confirm with justification if not required.**
 
 ---
 
diff --git a/Cargo.lock b/Cargo.lock
index a43820d53..bb89c3376 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2506,7 +2506,7 @@ dependencies = [
 
 [[package]]
 name = "mountpoint-s3"
-version = "1.14.0"
+version = "1.14.1"
 dependencies = [
  "anyhow",
  "assert_cmd",
@@ -2571,7 +2571,7 @@ dependencies = [
 
 [[package]]
 name = "mountpoint-s3-client"
-version = "0.11.0"
+version = "0.12.0"
 dependencies = [
  "async-io",
  "async-lock",
@@ -2615,7 +2615,7 @@ dependencies = [
 
 [[package]]
 name = "mountpoint-s3-crt"
-version = "0.10.0"
+version = "0.11.0"
 dependencies = [
  "anyhow",
  "clap",
@@ -2637,7 +2637,7 @@ dependencies = [
 
 [[package]]
 name = "mountpoint-s3-crt-sys"
-version = "0.10.0"
+version = "0.11.0"
 dependencies = [
  "bindgen",
  "cc",
diff --git a/doc/CONTRIBUTING.md b/doc/CONTRIBUTING.md
index 1c75e2a6e..6a9daf0d0 100644
--- a/doc/CONTRIBUTING.md
+++ b/doc/CONTRIBUTING.md
@@ -64,6 +64,22 @@ Here is the full list of changelog files we maintain for reference.
 - https://github.com/awslabs/mountpoint-s3/blob/main/mountpoint-s3-crt/CHANGELOG.md
 - https://github.com/awslabs/mountpoint-s3/blob/main/mountpoint-s3-crt-sys/CHANGELOG.md
 
+### Version numbers
+
+Mountpoint and the other `mountpoint-s3-*` crates in this repository follow [semantic versioning](https://semver.org/) rules. After we release Mountpoint or [publish the
+other crates](https://github.com/awslabs/mountpoint-s3/blob/main/mountpoint-s3-client/PUBLISHING_CRATES.md), we provisionally increase the patch version number
+of the corresponding crate.
+
+When a pull request is submitted, we consider whether the changes it contains should trigger a version number increment by comparing the latest released
+version with the one on `main`. If a pull request introduces a new Mountpoint feature, we make sure that the minor version of the `mountpoint-s3`
+crate is incremented compared to the latest release, if it was not already. The crate's `CHANGELOG.md` will show the latest released version and all the more
+recent changes under the `Unreleased` section. Example:
+
+* A pull request introduces a new feature and adds an entry to the changelog,
+* The latest release, as reported on the changelog, is `1.13.0`,
+* The version on `main` is `1.13.1`,
+* The minor version number must be incremented, so the new version should be `1.14.0`.
+
 ## Finding contributions to work on
 
 Looking at the existing issues is a great way to find something to contribute on. We use issue labels to identify [good first issues](https://github.com/awslabs/mountpoint-s3/issues?q=is%3Aissue+is%3Aopen+label%3A%22good+first+issue%22) as a great place to start.
diff --git a/mountpoint-s3-client/Cargo.toml b/mountpoint-s3-client/Cargo.toml
index 0fe7811df..5ce03b6bf 100644
--- a/mountpoint-s3-client/Cargo.toml
+++ b/mountpoint-s3-client/Cargo.toml
@@ -1,15 +1,15 @@
 [package]
 name = "mountpoint-s3-client"
 # See `/mountpoint-s3-client/PUBLISHING_CRATES.md` to read how to publish new versions.
-version = "0.11.0"
+version = "0.12.0"
 edition = "2021"
 license = "Apache-2.0"
 repository = "https://github.com/awslabs/mountpoint-s3"
 description = "High-performance Amazon S3 client for Mountpoint for Amazon S3."
 
 [dependencies]
-mountpoint-s3-crt = { path = "../mountpoint-s3-crt", version = "0.10.0" }
-mountpoint-s3-crt-sys = { path = "../mountpoint-s3-crt-sys", version = "0.10.0" }
+mountpoint-s3-crt = { path = "../mountpoint-s3-crt", version = "0.11.0" }
+mountpoint-s3-crt-sys = { path = "../mountpoint-s3-crt-sys", version = "0.11.0" }
 
 async-trait = "0.1.83"
 auto_impl = "1.2.0"
diff --git a/mountpoint-s3-client/PUBLISHING_CRATES.md b/mountpoint-s3-client/PUBLISHING_CRATES.md
index 1d4d5fcb4..334e18694 100644
--- a/mountpoint-s3-client/PUBLISHING_CRATES.md
+++ b/mountpoint-s3-client/PUBLISHING_CRATES.md
@@ -4,14 +4,17 @@ This document guides maintainers in releasing new versions of [`mountpoint-s3-cl
 
 ## Preparing the release
 
-First, a commit should be prepared and merged which updates the versions of each of the crates that are changing
-as well as a change log for each detailing what has been updated.
-You can refer to the following pull request as an example of this commit: https://github.com/awslabs/mountpoint-s3/pull/657.
+First, confirm that for each crate:
 
-The change log should have been updated when the changes were made, but please verify this.
+* `CHANGELOG.md` lists the relevant changes since the latest released version,
+* `Cargo.toml` sets the version that you intend to publish.
 
-The `Cargo.toml` manifest for each crate that will have a new version should be updated with the new version number.
-Additionally, crates which depend on the updated crates should have their dependencies updated.
+Second, prepare a new commit to update each `CHANGELOG.md` file by adding a header for the new release with
+the current date under the `## Unreleased` header. E.g.:
+
+```
+## v0.10.0 (October 17, 2024)
+```
 
 Once ready, check everything still compiles and publish a pull request.
 After that is merged, the next step is to publish the new crates.
@@ -54,3 +57,14 @@ For each crate replacing the crate and version number where applicable:
    ```
 
 Once these steps have been completed for all crates that need to be updated, you're done.
+
+## Update to next versions
+
+After all the crates have been published, a commit should be prepared which increments the patch version number of each crate,
+in its `Cargo.toml`, as well as in the crates depending on it.
+
+E.g. if `mountpoint-s3-crt-sys-0.99.0` was just published, `mountpoint-s3-crt-sys/Cargo.toml` should be updated to `version = "0.99.1"`
+and the corresponding entry in `mountpoint-s3-crt/Cargo.toml` should be updated to
+`mountpoint-s3-crt-sys = { path = "../mountpoint-s3-crt-sys", version = "0.99.1" }`.
+
+Once ready, check everything still compiles and publish a pull request.
diff --git a/mountpoint-s3-crt-sys/Cargo.toml b/mountpoint-s3-crt-sys/Cargo.toml
index 552222b78..8c43e3763 100644
--- a/mountpoint-s3-crt-sys/Cargo.toml
+++ b/mountpoint-s3-crt-sys/Cargo.toml
@@ -1,7 +1,7 @@
 [package]
 name = "mountpoint-s3-crt-sys"
 # See `/mountpoint-s3-client/PUBLISHING_CRATES.md` to read how to publish new versions.
-version = "0.10.0"
+version = "0.11.0"
 edition = "2021"
 license = "Apache-2.0"
 repository = "https://github.com/awslabs/mountpoint-s3"
diff --git a/mountpoint-s3-crt/Cargo.toml b/mountpoint-s3-crt/Cargo.toml
index dec30af4f..afad93c0c 100644
--- a/mountpoint-s3-crt/Cargo.toml
+++ b/mountpoint-s3-crt/Cargo.toml
@@ -1,14 +1,14 @@
 [package]
 name = "mountpoint-s3-crt"
 # See `/mountpoint-s3-client/PUBLISHING_CRATES.md` to read how to publish new versions.
-version = "0.10.0"
+version = "0.11.0"
 edition = "2021"
 license = "Apache-2.0"
 repository = "https://github.com/awslabs/mountpoint-s3"
 description = "Rust interface to the AWS Common Runtime for Mountpoint for Amazon S3."
 
 [dependencies]
-mountpoint-s3-crt-sys = { path = "../mountpoint-s3-crt-sys", version = "0.10.0" }
+mountpoint-s3-crt-sys = { path = "../mountpoint-s3-crt-sys", version = "0.11.0" }
 
 futures = "0.3.31"
 libc = "0.2.168"
diff --git a/mountpoint-s3/Cargo.toml b/mountpoint-s3/Cargo.toml
index 499c1a50b..48b61e8fd 100644
--- a/mountpoint-s3/Cargo.toml
+++ b/mountpoint-s3/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "mountpoint-s3"
-version = "1.14.0"
+version = "1.14.1"
 edition = "2021"
 license = "Apache-2.0"
 publish = false
@@ -8,8 +8,8 @@ default-run = "mount-s3"
 
 [dependencies]
 fuser = { path = "../vendor/fuser", version = "0.15.0", features = ["abi-7-28"] }
-mountpoint-s3-client = { path = "../mountpoint-s3-client", version = "0.11.0" }
-mountpoint-s3-crt = { path = "../mountpoint-s3-crt", version = "0.10.0" }
+mountpoint-s3-client = { path = "../mountpoint-s3-client", version = "0.12.0" }
+mountpoint-s3-crt = { path = "../mountpoint-s3-crt", version = "0.11.0" }
 
 anyhow = { version = "1.0.94", features = ["backtrace"] }
 async-channel = "2.3.1"