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An Introduction to Bunker Credit Risk

  • Authors:  Adam Dupré
  • Language:  English
  • Published:  First Edition. 2010
  • ISBN:  978-0-9548097-5-1

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.

Additional material is provided by credit management consultant, John Phillips, Visiting Research Fellow for the University of Plymouth.


Customer Reviews

4.8 out of 5 stars (4 reviews)
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Latest Reviews
FOB Network
‘Although this is not a legal book, it is pithy, well organised and laced through with insight and experience.’
‘Dupré’s compact volume provides a valuable overview of a complex and little-understood area – and the author tackles his subject with considerable skill.’
Seadebt International
‘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.’
World Bunkering
‘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.’