World News
VPS Releases New Code of Practice for Bunker Quantity Surveying
Veritas Petroleum Services (VPS) today announced the development of a revised Code of Practice (COP) for Bunker Quantity Surveying, which includes a dedicated section on Mass Flow Meter (MFM) bunker delivery.
"This new & updated version of the VPS COP, released this month, is a culmination of the combined work carried out by our global bunker survey operations managers based in Rotterdam, Singapore, Fujairah & Houston. This is based upon experience gained from completing in excess of 100,000 surveys world-wide," wrote in a press statement.
VPS says the COP has been developed in two sections, with the first covering standard bunker quantity survey working procedures that includes ethics, safety, pre/post and during bunkering checks, sampling requirements, and managing quantity variances.
The second section addresses delivery of fuel via Mass Flow Meter, and is intended not only to address requirements in the Port of Singapore where this year MFMs became mandatory for MFO bunkering, but for such surveys in any bunker port in the world.
"The COP also covers the important need to develop & assess Quality Control of the field surveyor. VPS remains the only global company conducting such quality audits as part of our service delivery," VPS added.
"Whereas this new VPS Code of Practice for Bunker Quantity Surveying is an internal quality document, the COP may be made available for external review as a controlled document on a case to case basis."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 624.50 | 1.00 | 732.00 | 8.50 |
| Rotterdam | 571.00 | 3.00 | 758.00 | 16.50 |
| Houston | 591.50 | 4.00 | 760.00 | 5.50 |
| Fujairah | 629.00 | 0.50 | 877.50 | 3.00 |
| Global 20 Ports Average | 637.00 | 0.00 | 819.00 | 3.00 |
| Global 4 Ports Average | 604.00 | 0.00 | 782.00 | 5.50 |
| Global Average Bunker Price | 688.00 | 2.50 | 879.00 | 1.00 |
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