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BunkerTrace achieves both digital and physical traceability through a unique combination of technologies via a simple-to-use online application.
Upstream in the supply chain, origin and data related to grade and specification is recorded and embedded into a unique synthetic DNA tracer (tag). This unique identifier is mixed in with the fuel in small amounts and remains present as the fuel travels through the supply chain.
By digitally tracing the physical tags throughout a fuel’s journey, our system provides an immutable audit trail that can be easily verified with a test on board prior to loading. This allows operators and managers to make an informed decision about whether to proceed with onboarding fuel.
Insights
Provides actionable insights on origin, quality (via COQ), storage, transfer and delivery as well as sustainability metrics of end product.
Compliance
Tracks available data to demonstrate evidence of compliance with 2020 global sulphur cap (reg. 14 of Marpol annex vi) & other relevant specs.
Efficiency
Improves supply chain oversight, controls and monitoring by following the fuel and its components throughout the bunkering journey to enable traceability of the product origins back to source.
Reputation
Protects brand promise and proves authenticity of branded fuels to allow for price preference differentials in the market.
Safety
Deters illicit activity and mitigates the risk of unauthorised or adulterated fuels that have led to contamination.
Insights
Provides ship owners, operators and charterers visibility of bunker fuel metrics and full oversight and control of the supply chain.
Compliance
Provides instant and cost effective reporting for compliance for the 2020 global sulphur cap.
Efficiency
Provides a physical means to differentiate bunkers in the supply chain, allowing to quickly discern the integrity of a product, avoiding fuels being loaded that are adulterated.
Reputation
Proves authenticity of branded fuels and provides evidence for rating differentials with the Protection & Indemnity (P&I) clubs as well as Hull and Machinery insurance.
Safety
Supports the vessel owner’s ship implementation plan as recommended by International Chamber of Shipping (ICS).
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