Counter party risk - background checks

Overview

Among the types of counter party risk that arise when entering into a new fixture or contractual arrangement, are managing performance risk and credit risk management. This guidance focuses on performance and credit risks since these are the most relevant for enabling recovery to be made in P&I and FD&D cases.

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Asger Mariegaard
in Copenhagen, DK

VPS Bunker Alerts

Veritas Petroleum Services (VPS) publish regular Bunker Alerts based entirely on fuel samples and have kindly permitted BIMCO’s Members to access this information.

The Bunker Alerts are not intended to be an evaluation of overall bunker quality in the port or area concerned, but usually highlight a specific parameter within the fuel which has raised a quality issue.

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