To help bring more control and greater clarity to fuel prices following the IMO low-sulphur regulatory change, we have introduced an exclusive range of fuel advisory and management services for shippers and forwarders.
Have you considered the following:
As well as helping answer the above, our new range of fuel management advisory services can 1) help avoid big discrepancies between the BAFs of different carriers and forwarders 2) simplify your carrier invoicing and 3) help you find and adopt the right BAF mechanism for your organisation.
Extreme variations are already being seen in fuel charges between carriers on the same tradelane for similar-sized ships. See below:
Source: Drewry Maritime Research
As well as having timely access to robust market data, to be confident of achieving the best terms of service and value for money, shippers need to adopt the right approach to prepare for, plan and manage the entire process from initial pre-RFQ to bunker program implementation, review and monitoring.