SMART TRADER OPTIMIZING FUEL PROCUREMENT

LIVE NEWS AND DATA SUPPLIED BY

Platts

Regulation Pressures

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.

Transform fleet level fuel procurement using Smart Trader

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.

Smart Trader delivers a wealth of benefits

  • Optimize fuel procurement across a fleet or by individual ship using one application.
  • Simplify fuel management using decision support tools which consolidate data from vessels, suppliers, ports and prices.
  • Manage an entire fleet – see ship locations, fuel levels, schedules, local port prices, and available suppliers
  • Utilize interactive, easy to understand maps for logistics and strategy.
  • Better understand complexity and volatility using integrated vessel tracking and bunker alerts and pricing data from S&P Global Platts.
  • Secure the right product at the desired port. Smart Trader co-ordinates global suppliers,traders and bunkering through access to detailed local information.
  • Ensure quality control by tracking new fuels and monitoring energy parameters by supplier, port and vessel.
  • Organize tank level fuel planning and check fuel compatbility with tanks across a fleet.
  • Minimize operational risk by tracking exposure and counterparty.
  • Analyzes overall supplier performance as the context changes.

Smart Trader – Transforming fuel procurement across bunker departments

Buy the right quality fuel at the right price and at the desired destination.

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:

  • Access fuel data in one easy to access location – improving planning, negotiation and fuel management.
  • Confidently manage fuel quality and price
  • Maximise the use of available credit

Applications

Smart Trader functionality simplifies fuel management

operation

Operations

  • Integrated vessel tracking
  • Co-ordinates global suppliers and traders
  • Anticipates price and availability trends through the voyage
  • Energy efficiency considerations, not just price
  • Tracks historical energy parameters
  • Maintains fleet level compatibility
  • Organizes tank level fuel planning
realtime

Access near real-time data in one application

  • Global bunker ports (major, minor)
  • My vessels (location, route, fuel consumption, speed)
  • Market prices - using S&P Global Platts data
  • Suppliers directory
  • Advanced search and filter options
predeal

Pre-deal analysis and decision support tools

  • Analyze markets
  • Compare Suppliers
  • Manage Spot or Contract purchases
risk

Counterparty risk

  • Simulates the financial impact of credit period
  • Exposure and counter party tracking
  • Analyses overall supplier performance as markets change
alerts

Alerts and status updates

  • Vessel alerts (Fuel remaining on board, running low on fuel, route change, delays)
  • Requests and stem status updates
integration

Integrated Application

  • Pre-integrated with Shiptech, Inatech’s bunker procurement software.


Related resources

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Download

brochure-smart-trader
pdf

Smart Trader - Optimize fuel procurement in today's complex,regulated markets.

BROCHURE:SMART TRADER OPTIMIZING FUEL PROCUREMENT
inatech-shiptech-shipping-solution
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Fuel procurement, or ‘bunker’ buying is central to shipping operations.

BROCHURE: INATECH SHIPTECH SHIPPING SOLUTION
driving-significant-cost-savings-for-a-shipping-major
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Intelligent solutions from Inatech drive estimated cost savings of $25 million per year.

CASE-STUDIES: DRIVING SIGNIFICANT COST SAVINGS FOR A SHIPPING MAJOR