• Broking ­ KPI has historically acted as a broker for the vast percentage of our bunker business. The strength of the company has been to advise our customer base on the current market situation and the expected market price direction. The relationships that KPI has formed with suppliers world-wide allows us to represent our customer base in the best possible light enabling us to help our customers develop credit relationships with the majority of the key suppliers in the primary ports. This helps our customers receive the best possible bunker prices with direct credit from the suppliers.

• Trading ­ Kristensons-Petroleum, Inc., KPI’s sister company, has substantial credit lines with suppliers around the world and is able to step in as a trader for those situations where our clients do not have an established line of credit. This is a valuable asset to our services for those clients who might be faced with requiring bunkers in a port where the local suppliers do not extend credit. This means that the owner is still able to take advantage of ANY attractive offers that are available. Kristensons-Petroleum utilizes reliable and established fuel suppliers in order to insure that our clients’ vessels secure their specified grade of fuel. All product that is furnished is within the standards of ISO:8217:1996, unless stipulated beforehand.

• Spot Market ­ The vast majority of bunker requirements are bough through the “spot market” (with purchases possible up to ten days prior to the ETA) and therefore it is crucial that buyers be well informed of current market conditions / trends. This will insure that buyers close their requirements at both the best possible price and the most optimum moment.

• Hedging ­ The current volatility in the bunker markets has some buyers opting to hedge their requirements. Clients with vessels in a specific trading pattern can take advantage of this tactic. Hedging can be facilitated in a variety of ways and KPI would be happy to assist with any option that an owner might be interested in pursuing.

• Forecasting ­ A key element required by the shipowning community is a yearly Bunker Price Forecast detailing anticipated prices in most of the primary bunkering ports. The forecast consists of two elements; the prices, broken down by quarters, in the key ports and additionally, cogent commentary explaining the rationale behind the pricing. The managing partners of KPI/Kristensons bring almost 50 years worth of combined experience to their forecasting expertise. The Forecast is also updated on a semi annual basis to insure an additional element of accuracy.