The Science of Buying Bunker Fuels

Effective Bunker Procurement Management

Location: Virtual

Venue: N.A.

Starts: 24 May 2021

Ends: 25 May 2021

Type: Course

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Join Africa Bunkering & Shipping, Bahri Shipmanagement, Lanka Maritime Services, Nova Carriers, Port of Fujairah & Miyabi Industries who are sending teams to the course


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

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

Contact us for queries, registration and more information:

+65 6338 0064
BUYINGBUNKERS@CCACADEMY.CO

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