A new white paper from VPS indicates that the average financial losses relating to fuel delivery can be almost $100,000 per vessel per year.
VPS’s analysis of fuel quantity shortage risks was based on data gathered from over 10,000 bunkering operations undertaken in 2019.
According to the fuel testing agency, the bunker quantity shortage risk potential for any bunker fuel delivery can occur for various reasons, including:
• A difference between the ordered quantity and the Bunker Delivery Receipt quantity.
• A difference between the bunker tanker delivered quantity and Bunker Delivery Receipt quantity.
• A difference between the bunker tanker delivered quantity and the vessel’s received quantity.
• The fuel density of the bunker tanker delivered quantity being different from the density of the vessel’s received fuel.
• The ROB quantity on the vessel as measured by a VPS bunker surveyor was different from that declared by the vessel’s staff.
Highlighting the extent of the financial losses that can accrue on a per vessel basis due to fuel quantity shortages, VPS suggests that ‘the cost of a VPS Surveyor to avoid such losses would be less than 15% of the potential losses per vessel per year’.