With less than a year to go there is still a lot of uncertainty around the implementation of the IMO 2020 regulations. For bunker buyers this lack of clarity relates to how much new fuels will cost,availability at each port and product quality.Buyers are also concerned with managing available credit when faced with rising fuel prices.
What we do know is that the IMO 2020 regulations will disrupt traditional fuel procurement practices. Operators will need to rethink how, where and when they buy fuel in order to operate effectively post 2020.
Smart Trader is a pre-deal analysis and decision support platform that leverages bunker alerts and pricing data from S&P Global Platts.
It is a new way to buy fuel. It can help minimizes uncertainty by giving buyers the tools to plan ahead.They have an opportunity to take a more analytical approach to their fuel purchases, including focusing on quality as well as price.
By using Smart Trader bunker departments and buyers are ready for the challenges of IMO 2020. They have access to the tools, data and alerts needed to choose how, where, when and what fuel to buy.
Using Smart Trader buyers can:
To overcome the uncertainties of IMO 2020 regulations requires a new approach to fuel management.
Smart Trader makes that possible. Using sector focused decision support tools,buyers are better able to optimize fleet level procurement, transform fuel management and build a competitive edge needed to operate effectively post 2020.