The Science of Buying Bunker Fuels - The 12th International Fujairah Bunkering & Fuel Oil Forum

Effective Bunker Procurement Management

Location: Virtual

Venue: N.A.

Starts: 21 Mar 2021

Ends: 22 Mar 2021

Type: Course

Register Now for USD 465

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Having to source for compliant fuels by ship owners and operators has made bunker procurement the heart of shipping companies’ strategies and managing energy procurement, a top priority for now and in the future. With the onset of Covid-19, strategic supply chain planning and management has become an imperative for bunker players, with the focus of buyers being not only on fuel price, quality, and availability, but also on credit.

 

Designed for new entrants as well as those seeking a refresher, this virtual training course focuses on examining effective and efficient fuel procurement strategies to deliver a vessel with the fuel it needs to run itself. The course will examine the entire fuel (remove-and lubricants) procurement process including transitions and shifts in the last 5 years covering:-

 

  • Procedures of the inquiry, purchase order, sales contract, delivery method, sampling and testing methods
  • Current issues and challenges to payment and claim examples, including claims prevention for both the seller and buyer and the relevance of bunker brokers

 

Delivered over 3 Modules (UAE Time)

  • Day One: 11am to 2.30pm (with a half hour break)
  • Day Two: 11am to 1pm

Click here for full course outline

 

 

   Held in Conjunction with the 2021 Fujairah Bunkering Week

Course Objectives

Designed for new entrants as well as those seeking a refresher, this virtual training course comprising 2 live instructor-led sessions, focuses on examining effective and efficient fuel procurement strategies to deliver a vessel with the fuel it needs to run itself. The course will examine the entire fuel procurement process including transitions and shifts in the last 5 years covering:

  • Procedures of the inquiry, purchase order, sales contract, delivery method, sampling and testing methods.
  • Current issues and challenges to payment and claim examples, including claims prevention for both the seller and buyer and the relevance of bunker brokers.

Course Methodology

The course will be taught live via a video conferencing platform, covering a combination of theoretical and practical applications. The course instructor will adopt an interactive approach which will encourage active participation, delegate engagement and contribution through live sharing of views and experiences. A role play will simulate real life scenario challenges and expose delegates to operations, logistics and crude prices in real time.

Key Issues and Trends to Be Covered

  • Understanding the Changing Bunker Market Structure (Present vs Past Dynamics)
  • Roles & Responsibilities of Players in the Bunker Fuel Supply Chain and the Effect of Seller & Supplier in the Buying Process
  • Learning Where To Source and How To Buy Fuel
  • Sales Contracts & Best Purchasing Practices
  • International Standardization Post IMO 202
  • Understanding Quality, Sampling and Testing Methods
  • Availability of Credit in the Market
  • Examining Issues and Challenges in Payments and Claims
  • Variables that Control the Pricing Mechanisms

Key Learning Outcomes

  • Make smart purchasing decisions in a volatile market
  • Source compatible & cost efficient bunkers in a timely manner
  • Optimise the bunkering process and mitigate challenges & rising costs associated with IMO’s 2020 sulphur cap regulations
  • Actionable tips to help improve fuel purchasing and elevate your business’ bottom line
  • Review procurement best practices, pricing models and the supplier landscape
  • Incorporate increased transparency & higher governance standards across the industry
  • Handling shortfalls in credit availability

Course Director

Full Course Outline

+ Day One, 21 March 2021

Module 1: The ABC’s of Bunker Fuel Buying

  • Introduction to fuelling up a vessel
  • Definitions & terminology
  • Who’s who in the supply chain
  • Pricing bunkers
  • The purchase order and sales contract
  • Delivery methods
  • Basic commercial ethics

Module 2: Buying Efficiently for Cost Savings

  • Variables dictating the price mechanisms
  • Understanding the processes and the roles of the players
  • How to buy and where to source
  • Credit & product availability
  • Seller’s terms and conditions
  • Quality, sampling, testing issues

+ Day Two, 22 March 2021

Module 3: The Bunker Game


  • Review of Modules 1 & 2
  • Bunker Game based on a scenario of a bunker inquiry
  • Learning about the supply chain players’ perspectives thru Role playing
  • Get a better understanding for better decision making
  • Buyer’s ultimate objective – How to win the best price
  • Seller’s ultimate objective Winning the business

Who Should Attend

  • Bunker Buyers
  • Shipowner, Operator & Charterer Executives
  • Shipmanagers
  • Fleet Managers
  • P&I Clubs & Claim Managers
  • Shipping Agents
  • In-House Lawyers & Legal Departments
  • Other Bunker Supply Chain and Bunker Industry Stakeholders including Accountants & Credit Managers, Policy Makers & Port Authorities & Customs

Full joining guidelines and best practices will be provided for paid registrations, one week before the course dates.

Media Sponsors

Other Fujairah Bunkering Week Events

+ 15 - 16 March 2021: VLSFO-2030 2-Day Course

Practical Handling of VLSFO & ULSMGO Post 2020 & Future Trends of 2030 Alternative Fuels (VLSFO-2030)

2-Day Course

15 – 16 March 2021


Efficient fuel management and safe fuel handling are critical and important to ensure fuel reliability & compliance under IMO’s 2020 sulphur regulations. Significant growth in the use of distillate and non-distillate compliant fuels recently, has brought to fore potential risks in the use of these fuels related to cold-flow properties, stability, contamination, cat-fines, lubricity, viscosity, density, ignition, combustion quality & more. Attend this course to examine the critical risks and develop management strategies to address these problem areas.

+ 17 – 18 March 2021: International Oil Trading 2-Day Course

International Oil Trading: Introduction & Special Focus for the Marine/Shipping Industries (IOT)

2-Day Course

17 – 18 March 2021


In 2019 the global shipping fleet used about 4 million barrels a day of high sulphur bunker fuel. In 2020 with the new sulphur cap regulations, a substantial amount of this has been replaced by marine diesel (also known as marine gasoil). The marine diesel market is quite different from that for bunker fuel. It is intricately linked to the international market for diesel and other middle distillates and is therefore influenced by different marketing drivers. Both the absolute price and the price volatility of diesel are higher than for heavy fuel oil but there are well-tested techniques to help manage the risks involved.  

This 2-day workshop provides delegates with an introduction to oil trading, particularly the very large international middle distillate market, and the concept of managing the new price risks using futures and swaps.

+ 23 – 24 March 2021: FUJCON 2021

The 12th Fujairah Bunkering & Fuel Oil Forum (FUJCON 2021)

2-Day Virtual Forum

23 – 24 March 2021


The 12th Fujairah Bunkering & Fuel Oil Forum 2021, hosted by the Government of Fujairah & Port of Fujairah, and supported by the Fujairah Oil Industry Zone (FOIZ), will be held as a virtual event from 23 – 24 March 2021.

The virtual event will support the global FUJCON community, meeting annually from over 35 countries, with the twin pillars of information exchange and networking, to stay connected until FUJCON re-convenes physically.

The Virtual FUJCON 2021 will bring key decision makers, thought leaders and marine experts who will be sharing views, analysis and insights on the global bunker and fuel oil market developments, & explore the continuing impact and recovery from COVID-19 against the backdrop of industry challenges of the IMO 2020 transition, OPEC + oil price collapse, the horizon of a multiple fuel future, digitalization, decarbonisation and sustainability goals.

FUJCON 2020 will take a deep dive into the key challenges, cutting edge analysis and offering solutions, stability and sustainability for the global and Middle East fuel oil, bunker & oil storage markets, grappling with the market landscape brought about by the pandemic.

Contact us for queries, registration and more information:

+65 6338 0064
BUYINGBUNKERS@CCACADEMY.CO

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