Ocean Intelligence
'Crisis looming' for bunker suppliers
Rocketing prices mean players face new levels of risk.

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Comments on this Article

Duncan Jeffcock
Voyager Maritime Payment Systems
4th July 2008
Hi Ameen,
Thanks for your response.
That sounds like a perfect scenario for the use of Voyager and we are seeking ways to open up the market in your area. This could be a good opportunity for both of our organisations. I suggest you contact me directly via email duncan.jeffcock@voyagermaritime.com for further discussions. dJ.
Duncan Jeffcock
Voyager Maritime Payment Systems
4th July 2008
Voyager offers suppliers payment within 7 days of a good fuel test for "usable fuel" providing the supplier with risk free, prompt payment. The USBank takes ALL the risk and suppliers can then turn over their money more quickly. There are no credit risks or risk of late payment and no management time wasted or insurance costs for registered suppliers. (Buyers also gain from extended credit terms averaging 36 ddd.) In these days of increasing prices, increasing risk and reducing credit availability Voyager is a viable alternative for independent suppliers.

Duncan.Jeffcock@voyagermaritime.com
Ameen Raheem
Maritime Agencies Ltd
4th July 2008
Dear Duncan, as a Sri Lanka based bunker broker would like to introduce the facility in Sri Lanka and the region as these markets have traditionally been operating on the basis of advance payment for bunkers & lubes.As a company at times we make a commercial decision based on the client's track record to guarantee the payment to the physical supplier pending the bunker buyer remitting the funds to the broker or to the physical supplier. This facility is not extended to all good customers but to a select few top customers resulting in the region losing bunker volumes. The product of your company has tremendous potential and my company would be interested in marketing for the Sri Lanka region. Look forward to hear from you.

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