FAQ

[Watch] How Important It Is To Monitor Fuel Spend?

Fuel costs are a critical component of overall transportation expense and with the new IMO 2020 Sulphur fuel regulations it’s set to change drastically. Matt Balzola, Vice president of go to market with Breakthrough, details the ways in which fuel is driving carrier decisions on pricing and service and the importance of monitoring fuel spend, says an article published in Supply Chain.

Here we are elucidating on that article with excerpts of the interview.

Question: What is IMO 2020?

Balzola: The...

http://mfame.guru/watch-how-important-it-is-to-monitor-fuel-spend/

Current Futures Prices and Refiner Processing Options

Shipping industry is preparing for tougher sulphur emission rule IMO 2020 implementation in just six months. Shipowners will likely start purchasing IMO 2020-compliant marine fuel for vessels without onboard scrubbers in the next three months. 

An article published in Ship & Bunker provides an update on futures prices in Rotterdam, Singapore, and the U.S. for IMO 2020-related commodities. Assessment of refiners’ options to optimize individual refineries and refining networks are also provided.

Cur...

http://mfame.guru/current-futures-prices-and-refiner-processing-options/

IMO 2020 Shaking Up How Shipping and the Oil Sector Works?

  • IMO is meeting for its only MEPC session this year ahead of 2020 sulphur regulations which will be affecting shippers and refiners.
  • The oncoming regulations will reduce air pollution and prevent 570,000 deaths within 5 years of implementation.
  • While ports like Singapore, Fujairah and Rotterdam are all equipped with compliant fuels, the same can’t be said about smaller ports.
  • BP and Royal Dutch Shell have already reported low oil production which has further strengthened the case of fuel...

http://mfame.guru/imo-2020-shaking-up-how-shipping-and-the-oil-sector-works/

IMO 2020 – Scrubbers Charterparty FAQs

Standard Club has issued a briefing about scrubbers charterparties FAQs in view of the oncoming IMO 2020 sulphur regulations. These FAQs about scrubbers are intended to assist members (as owners and charterers) in preparing their charterparties for IMO 2020. Whilst this is not intended to be formal legal or technical advice or an exhaustive list of FAQs, it seeks to identify chartering issues arising from IMO 2020, including potential contractual responsibilities and liabilities in respect of...

http://mfame.guru/imo-2020-scrubbers-charterparty-faqs/

IMO 2020 – Charter Party FAQs

According to a notification issued by the Standard Club, the following are the issues and FAQs pertaining to IMO 2020 charter parties and these are likely to assist members (as owners and charterers) in preparing their charter parties for IMO 2020.

Whilst this is not intended to be formal legal or technical advice or an exhaustive list of FAQs, it seeks to identify chartering issues arising from IMO 2020, including potential contractual responsibilities and liabilities in respect of compliance.

Th...

http://mfame.guru/imo-2020-charter-party-faqs/

What You Need To Know: Panamax P8 FAQs

In an effort to help traders and users familiarise themselves with the new Panamax P8 route, Freight Investor Services has put together some brief FAQs.

Why is FIS offering the Baltic P8 Route?

We have always believed that new routes provide a great opportunity for additional liquidity in the FFA market. The P8 route represents a hedging and trading opportunity on a new route that has shown strong growth and positive fundamentals.

FIS Shanghai office is receiving growing demand an inquiry from the...

http://mfame.guru/what-you-need-to-know-panamax-p8-faqs/

How to Prepare for the Big 6 IMO 2020 Questions Within 11 Months?

  • Carriers will play a major role in complying with IMO regulations by ensuring their fleets meet the sulfur requirement.
  • Prices for carriers using low-sulfur fuel will rise and the cost of high-sulfur fuel will plummet.
  • The order books for scrubbers are virtually full already through 2019.
  • Communication standards between container lines and shippers will imact profits.
  • Opinions vary on whether shippers will be ready by Jan 1, 2020 to comply with IMO regulations.
  • Squeezed supply may affect...

http://mfame.guru/how-to-prepare-for-the-big-6-imo-2020-questions-within-11-months/

What is a Bosun and What does he do?

  • Bosun is a colloquialism derived from Boatswain the formal spelling of the word, both stem from English word, Batswegen.
  • The batswagen was a boy or follower of the boat and generally considered to be more of a servant than a crew member.
  • Today, the bosun has become an integral part of a ship’s crew — directing, organizing and coordinating the work and duties of the deck force.
  • The bosun’s mate is the oldest rate in the U.S. Navy in use in 1775 and formally established in 1797.

David G. Sellars...

http://mfame.guru/what-is-a-bosun-and-what-does-he-do/

Does New Bunker Certificate Rule Require Any Additional Certificate?

The new bunker certificate rule does NOT require an additional certificate from the suppliers. The main changes to the BDN are as follows.
Currently, every BDN had wording which mentioned that the fuel will be in compliance to regulation 14.1 or 14.4 and regulation 18.3 of Annex VI of Marpol.

Here is an example.

New BDN’s will need to include the following :

The BDN shall include a declaration signed and certified by the fuel oil supplier’s representative that the fuel oil supplied is in...

http://mfame.guru/does-new-bunker-certificate-rule-require-any-additional-certificate/

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