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www.maritimeprofessional.com Maritime Professional 43 oil majors and traders.

For oil producing countries, Navarik

Inspection also generates a detailed account of total volume of petroleum exports. In this case, the data supports tax requirements and reporting, but it provides the client state with more than one stream of data from which to rec- oncile data. Nathan Dobie insists, “It’s more important than it sounds, actual- ly.” Always expanding, Table A (below) outlines just some of the advantages offered by the system.

NAVARIK, ENERGY TRADING &

ETRM SOLUTIONS

Although Navarik decided to focus directly on the physical operations niche, the need for a central repository of petroleum data for ETRM providers was obvious. Dobie explains, “ETRM people look to us as being as the data repository or bridge to third parties for collecting that information. All of this contributes to the big picture and ulti- mately provides a better understanding of profitability.” Last year, Triple Point

Technology®, a provider of multi-mar- ket commodity and enterprise risk man- agement software solutions, announced a strategic partnership with Navarik™.

The move allowed Triple Point to broaden its logistics functionality to manage cargo inspections and opera- tional activities associated with cargo quality management and ship-to-shore transfer. The partnership also intro- duced Navarik to another subset of potential clients, widening its footprint across the broad spectrum of energy trading and transportation.

Noting the agreement, Patrick

Rooney, Navarik’s President and CEO, said, “Navarik was the first software company to recognize the critical need for cargo inspection management in the petroleum industry, and the benefits were easy to calculate. If a single cargo of crude oil is understated by just one percent during a shore-to-ship transfer, several hundred thousand dollars can be lost. We are pleased to partner with

Triple Point to bring our unmatched technology and expertise in cargo inspection for crude and petroleum products to Triple Point’s broad portfo- lio of customers across geographies, industries, and commodities.”

SUPPLY CHAIN SECURITY

Navarik boasts one of the most robust data centers in North America. Dobie adds, Navarik boasts using one of the most robust data centers in North

America. Dobie adds, “We are proud of the infrastructure we’ve set into place – a military / banking grade data center.

This is enterprise class software for net- work infrastructure and data security.”

Within Navarik, data remains propri- etary and segregated. Only the customer itself releases access for user interface – through their own system administrator.

WHAT’S NEXT –

WHAT’S POSSIBLE?

Although clients have expressed inter- est in data sharing, there are rightful fears concerning this practice; among them, anti-trust issues. Navarik, howev- er, spurred by industry demand, is working on a process where Vessel

Experience Factor (VEF) data – load and discharge – can be aggregated.

Standardizing this information and making it more widely available, in the best possible format and with maximum accuracy, is the ultimate goal. The effort represents a “leap forward” – not neces- sarily a software, but an adjunct service.

And the VEF is just one of a number of areas where sharing data in a secure fashion might someday provide more value.

As Navarik way gathers steam in its quest to become the industry standard

SOFTWARE SOLUTIONS

TABLE A

Features Benefits

Loss Analysis / automated voyage reconciliation .................................................Increase claimable cargo loss recovery

Automated notification of off-spec cargo.............................................................Respond immediately to mitigate risks

Standard reports from central repository.............................................................Better Trading Decisions based on historical data

Electronic invoicing / approvals / batching.........................................................Eliminates over / double-billing from inspectors

WEB services integrate 3rd party systems ...........................................................Timely data delivery / eliminate manual data entry

Time stamped entries for all major users..............................................................Clear audit trail for operations

Port logs collected directly from source................................................................Accurate / timely logs reduce demurrage

Source: Navarik Inspections “A lot of people didn’t think it could be done. And, I think that’s where we got the jump.

We’ve got inspectors all over the world using our application over the WEB.” – Navarik’s Nathan Dobie