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Voyager is offered completely free-of-charge to all bunker buyers...

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Faster payments, extended credit
Working capital is a requirement for any company but tying-up too much cash in a business limits options for reinvestment and expansion. Successful companies continually strive to reduce their working capital requirements by shortening the period between receiving customer payments and settling supplier invoices – known as the “cash conversion cycle”, or the “cash payment cycle”

Getting paid more quickly by your customers or negotiating longer credit terms with your suppliers are two ways of reducing your cash conversion cycle and significantly lowering your working capital requirement. This frees-up cash to grow your business.

Introducing Voyager as a trusted and well-capitalised third-party into the bunker transaction process guarantees that bunker suppliers receive faster payment. It also provides bunker buyers with extended credit terms.

Less risk
Credit availability and credit insurance are becoming more difficult to acquire and more expensive. In the Voyager system, US Bank provides extended lines of credit to contracted fuel purchasers thereby eliminating the suppliers’ credit risk inherent in standard bunker transactions. The guarantee of payment by US Bank also eliminates the need for costly credit insurance or credit management.

Additional risk protection is provided by Voyager partner Lloyd’s Register FOBAS – the world’s leading fuels analysis service. LR FOBAS conducts free fuel tests on all Voyager stems as well as random quantity checks at bunkering locations around the world.

Further benefits include consolidated billing and streamlined invoicing processes. For transactions anywhere around the world within a calendar month, buyers receive just one bill and make one payment, while suppliers are paid 10 days after each transaction.

"credit insurance costs will rise by 20 to 25 per cent"
Fabrice Desnos, UK head of Euler Hermes, the world's biggest credit insurer

"one oil major has halved credit terms for certain suppliers to 15 days"
Dow Jones Newswires

"bunker credit (is) the blood shipowners must have to survive."
Adam Dupre, CEO of Ocean Intelligence Pte. Ltd

"many small players could find tightening credit lines and volatile prices were 'the final straw'."
Michael Bandy, chairman and chief executive Chemoil