Page 40: of Maritime Logistics Professional Magazine (Q2 2011)

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40 Maritime Professional 2Q 2011

SOFTWARE SOLUTIONS

Quality & Quantity

Data

Delivered

The obscure, but arguably most important variable in energy transportation has at long last been standardized. Driven by client demand, Navarik’s web-based software brings petroleum inspection into the 21st century. by Joseph Keefe

It wasn’t too long ago that the typical liquid cargo inspection consisted of a couple of bleary-eyed inspectors calcu- lating cargo volumes on ten-key calcu- lators at 0230 hours in the grimy control room of your oil tank vessel. Those numbers, along with a report of labora- tory analysis of cargo samples would (eventually) make it to your desk in any number of ways, depending on who was preparing the report and where that was happening. Analyzing that data to deter- mine trading exposure, cargo losses and ultimate profitability for that particular deal was anything but standardized.

Thanks to Navarik’s web-based petrole- um inspection software, that is no longer the case.

Today, the Navarik reporting system enables better loss control and stream- lines maritime inspection operations to expedite the delivery and analysis of cargo quantity and quality information.

According to Navarik, the data of as much as 40 percent of U.S. seaborne crude oil imports is accounted for using this unique system. Founded in 2000, the privately owned firm has just 22 employees, but boasts global reach. The

Inspection software is just one of three applications offered by Navarik, housed with Navarik Claims Management and the Navarik Vetting module, facilitated by the “Common Data Storage” of the

Navarik master platform. For commodi- ties traders and staff, the platform repre-