Bunker Software: Increase bunker fuel buying accuracy while reducing operating costs

The Benefits of Bunker Software

Why is Bunker Software essential?

As we know, 50% – 60% of voyage related expenses are locked in bunker costs. Shipping companies are continually looking at mechanisms to make more informed decisions while procuring bunker fuel to improve the profitability of voyages. This module ensures that you procure at the right time and the right price, effectively helping you manage the full procure to pay process (P2P) related to bunker fuel transactions.

The ShipNet One Bunker Procurement Software ensures that you get one single source of information, avoid any integration challenges and can collectively see almost every element of your end to end transaction of third-party benchmarks to better support your business needs.

Data available within Bunker Procurement

bunker procurement

The data available within Bunker Procurement includes:

Planning – Develop and execute a more effective bunkering plan – buy fuel from the current port or the nearest port. Having transparency of this supports in managing variances related to fuel costs.

Negotiation – Available historical data helps negotiate better with primary or secondary suppliers for a better monetary value to keep fuel costs down.

Long-term outlook – Provides you with the ability to make spot purchasing or fixed-term contract decisions. Thinking ahead helps save money.

Claims – Avoid any claims associated with non-compliance or off-spec fuel, ensuring that you buy from reliable fuel supply sources.

Supplier management – Supplier Management helps with managing decisions or relationships with suppliers regularly.

Key features of Bunker Procurement

The features of Bunker Procurement Software

The features of Bunker Procurement enable you to create bunker requests from either a ship or shore location, and keep track of and manage workflow processes. The solution provides integration with Platts Bunker Prices, while also controlling the bunker receiving and providing ship reports confirming delivered quantities. Users can mail stakeholders directly from within the application and create mail base on templates. Bunker Procurement has advanced reporting available that links in bunkers procurement through visually appealing dashboards.

Benefits of Bunker Procurement

The Benefits of Bunker Procurement Software

The ShipNetOne Bunker Procurement Software enables a maritime business not only to increase their bunker fuel buying accuracy but reduce operating costs through reducing and reacting to volatility in fuel prices, all the while providing end consumers with a reliable source of fuel.

Download our Bunker Procurement Fact Sheet

Bunker Procurement

For more information the ShipNetOne Bunker Procurement Module please download our document below or contact basujit.chakravarty@shipnet.no