An Introduction to Bunker Credit Risk
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An Introduction to Bunker Credit Risk

An Introduction to Bunker Credit Risk


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About the Book

An Introduction to Bunker Credit Risk is an essential tool for all those responsible for making credit decisions and assessing counterparty risk when buying or selling marine fuels. Marine fuel is sold almost universally on open credit and the sums involved can be substantial. With no security and thin margins, payment delay or default can be very serious for the supplier. It is important to understand the dynamics of credit risk, both as a defence against loss and as a tool for maximising profit. Presenting a complex subject in a simply-written and highly-effective way, this book provides a comprehensive foundation for anyone involved in any aspect of credit management, whether from the trading and supply or a ship operator's viewpoint. The book offers an understanding of the marine fuels market and of the shipping markets that it supports, and also provides a practical introduction to the assessment of counterparty risk in the sector. Whether you are considering a career in the bunker industry, or already involved in the commercial side of bunkering, you will find this book invaluable.

Table of Contents:
Foreward Preface About The Author Acknowledgements Chapter 1 The Bunker Market Chapter 2 What is Bunker Credit Risk? Chapter 3 The Market Today - Structural Risk Chapter 4 Background Factors Affecting Risk Chapter 5 Review Of Shipping Markets Chapter 6 Country Risk Chapter 7 Tools For Credit Risk Analysis Chapter 8 Making The Credit Decision Chapter 9 A Positive Business Tool Chapter 10 Securitising Credit Risk Chapter 11 What To Do If There Is a Default Chapter 12 Summary & Conclusions Appendix 1 Credit Check Lists Appendix 2 Sample Credit Reports Appendix 3 Bibliography Appendix 4 Glossary Of Terms Index

About the Author :
Nigel Draffin has been involved in shipping for almost 50 years and with the commercial bunker market for over 25 years. He is a founder member of the International Bunker Industry Association (IBIA) and has served several times on its council of management and executive board and has served as Chairman. Nigel is Director of the Oxford Bunker Course and the Oxford Bunker Course (Advanced), a member of the Institute of Marine Engineering Science and Technology and Past Master of the Worshipful Company of Fuellers. He is also Senior Broker and Technical Director of US-based bunker broker LQM Petroleum Services.

Review :
'What it provides is a sound, commonsense guide to what can often be complex and murky areas. Although billed as a guide to a comparatively narrow sector of the market, it also acts as a good primer to the shipping industry as a whole. It's very far from being a dry read and there are certainly moments that will cause wry recognition from anyone who has ever tried to get information - let alone money - out of a reluctant client.' World Bunkering on 11/11/2013 'The book's appendices are particularly useful, especially to newcomers or those not overly familiar with the unique nature of the marine credit industry. They include examples of the credit scorecards used by major oil companies and independent traders to assess a customer's credit risk, and provide two in-depth "real life" credit reports on large shipping companies as helpful illustrations.' Seadebt International on 11/11/2013


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Product Details
  • ISBN-13: 9780954809751
  • Publisher: Petrospot Limited
  • Publisher Imprint: Petrospot Limited
  • Height: 211 mm
  • ISBN-10: 0954809750
  • Publisher Date: 31 Aug 2010
  • Binding: Paperback
  • Width: 149 mm


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