Ocean Intelligence
Singapore players consider shorter payment terms
30 days credit period allowed for bunker purchases may be cut to 14 days.

Subscribe Now - Just $325 for an entire year

Access to 'Daily Intelligence' News on Ocean Intelligence requires subscription. Click here to subscribe now, or learn more about Ocean Intelligence in our Subscription Centre.

By Registering for Free membership, you can get restricted access to the site's resources.

Already a Member?

Comments on this Article

Duncan Jeffcock
Voyager Maritime Payment Systems
4th November 2008
All suppliers and buyers can sign up to use Voyager.
The buyers credit is guaranteed by USBank.
It can be useful when selling to customers or for buying from physicals.
It allows you to double or possibly triple your Return on Capital Employed and to be more competitive in the market place. Alternatively you can reduce the capital employed but still make your margin in a risk free environment. Please contact me duncan.jeffcock@voyagermaritime.com for further details or call me on +442077900225.
Duncan Jeffcock
Voyager Maritime Payment Systems
29th October 2008
Suppliers with pressure on their cash flow looking for earlier payment may consider the 7-10 day payment option available under Voyager. The buyers credit period is enhanced to an average 36 days which means that both sides of the equation can be happy with the outcomes. The suppliers on Voyager are more competitive and the buyers credit is guaranteed by the USBank 100%. Why go through the trauma of trying to re-invent the wheel when there is an elegant solution already in place?
duncan.jeffcock@voyagermaritime.com
Oleg Micevic
4th November 2008
How much will this add on the price of bunker? Who will allocate the credit facility? Could this be on offer for bunker supplier when buying ex-wharf?? how does this affect suppliers existing banking relationships?

Would definitely like to know more???

Post Your Comments on this Article

Please sign in by clicking here to post comments.

Not registered? Click here and register for FREE.