Bunker Planners, Optimization, Refueling Planning , Refueling Optimization

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Voyage safety

This ensures that the vessel is always refueled with inventory to the point that it can complete its intended or possible planned commercial requirements.

Artificial intelligence by company’s experts

Special check lists of constraints (vessel/port/commercial and supply-based) have been built by and factored into the module by industry experts.

Voyage refueling recommendations calculated with great speed

It analyzes all key variables and constraints and reports via an output screen and report the best combination of market price, port and quantity options in minutes.

On-Board Fuel Management

Reports on best fill and burn flow sequence from tank setup to assist Chief Engineer to minimize quality risk in commingling.

Collaboration platform for all stakeholders in supply chain

Provides common view reporting of intentions and iterations of various refueling options for key reasons in bunker supply planning.

Time efficiency in bunker planning and analysis for ashore or on-board use

Audit control of deviation to lowest net cost goal

It identifies various commercial constraints applied during a voyage or year and their specific cost impact on budget. Assists in future strategy.

Refueling minimum for basic voyage safety

Ensures proactive refueling planning in environment of change in market (price/supply, quality, regulations) and matched to dynamic vessel schedule.

Refueling to maximum capacity to take advantage of price-port opportunity combination

Ensures that port arbitrage is optimized by taking into consideration the lowest priced port and planned maximum ullage made available and lifted.

Manage company policy of commingling or not commingling on board

If commingling allowed: Ensures Chief Engineer and Master can calculate minimum risk of contamination by optimized tank fill and burn from sequence.
If commingling not allowed: Assists Chief Engineer in planning tank fill and usage to increase ullage available to refueling in lowest priced port.

Constraint management and compliance

Manages the trade-off between basic refueling goals, bunker variables, operational issues and market situational constraints.

Some examples:

	Matches port stay with bunker pump on capability – reduced delay

	Avoids reactive bunkering due to poor pre-planning of fuel and quality available in forward ports.

	Allows bunkers only planning for price advantage or vessel limited tankage or ullage for planned voyage.

	Allows for price trade of quality difference in different ports.

	Allows for minimizing bunker cost if vessel need bunkers in most expensive port for stability.

	Allows for maximization of cargo in load port and plan for next best priced bunker port.

	Allows for time charterer to plan redelivery fuel to meet charter party and clause and price objective.

	Allows for refueling to meet future port regulatory low sulphur requirements for compliance and price.

Forecasting

The forecasting module of BOptimum™ uses state-of-the-art statistical techniques to combine historical pricing information with user’s own assessment of the future pricing dynamics.

Reporting alerts on risks and opportunities:

All optimization outputs give:
» User the option to compare current updated prices with built in forecasted price formulas.
» User the option to input his / her own price forecasts or contract prices to be compared and factored into the refueling out

Special reports alert all parties concerned to:
» When vessel or fleet status is running on reserve
» When market situational changes can impact a refueling plan or intention or stem
» When a schedule change can impact planning intention or stem
» When bulk purchasing opportunities exist and for ships in fleet meeting in common port with larger sum total of ullage available

Efficiency:
» Efficient process and navigation allow for ease of updates to run multiple iterations in seconds.
» Provides easy collaboration of parties and company experts necessary for optimum refueling
» Provides management with defined planning and procurement goals that can be monitored, measured and improved for tactical and strategic supply chain optimization


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