Buying marine fuel often incurs additional risk and costs on top of the actual fuel price paid. Additional costs may be incurred in areas such as:
- Use of intemediaries
- Credit facilities
- Port arbitrage
- Purchase timing
- Fuel quality
- Order size
In order to identify areas of potential improvement and cost savings we offer Bunker Procurement Audits.
The rapidly changing bunker market may make yesterday’s practices irrelevant under current market conditions. We perform an independent review of such practices so that top management and Board of Directors can rest assured that everything is done to the best possible standards.
Our audits may just involve a review of historical fuel quality performance. Poor quality, short quantity or lost claim opportunities are clearly identified in these audits.
Our comprehensive audits typically include:
- Procure-to-pay process
- Contract terms
- Fuel quality & claims management
Contact us today for more information and friendly chat.