Commodity XL for Inspections Powered by Navarik

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1 TRIPLE POINT CARGO INSPECTION BROCHURE Commodity XL for Inspections Powered by Navarik COMMODITY INSPECTION MANAGEMENT FOR ENERGY AND COMMODITY MARKETS TRIPLE POINT TECHNOLOGY, INC. TPT.COM

2 Commodity XL For Inspections Powered By Navarik GLOBAL SEABORNE TRADE With approximately 90% of the world s traded goods transported by sea, shipping is the life blood of the global economy. Without shipping, intercontinental trade the bulk transport of crude oil and raw materials and the import / export of affordable food and manufactured goods would simply not be possible. With advances in technology, shipping has become the most fuel efficient and carbon friendly form of commercial transport available. MORE CARGO MORE OPERATIONAL RISK The United Nations Conference on Trade and Development (UNCTAD) estimates that the shipping industry transported over 7.7 thousand million tons of cargo, equivalent to a total volume of world trade by sea of over 32 thousand billion ton-miles. However, managing complex cargo movements of crude and bulk commodities across pipelines, storage facilities and vessels remains a very manual and often disjointed process. This ad hoc approach to data collection and manipulation often puts organizations at increased levels of operational risk. The inconsistency in process and data transparency means that traders may not get timely operational data and operators might miss claimable losses. Consider this: if a single cargo of crude oil is understated by just one percent during a shore-to-ship transfer, several hundred thousand dollars could be lost. World Seaborne Trade STRAIGHT-THROUGH PROCESSING ACROSS PHYSICAL OPERATIONS Energy and commodity companies that depend on the shipping industry to move crude oil and raw materials are well-served to have systems in place that bring transparency to the complete commodity transaction life cycle and streamline physical operations. Gain transparency across physical operations and streamline inspection data Automating the end-to-end transaction process removes inefficiencies and human error. Additionally, delays in inspection data reaching each person are eliminated, resulting in faster decision-making. The reduction in data errors, coupled with integrated processing, dramatically improves operational risk management. CONNECT ENERGY AND COMMODITY COMPANIES WITH INSPECTORS Commodity XL for Inspections powered by Navarik extends Triple Point s straight-through processing (STP) capability to connect energy and commodity companies with inspectors. The revolutionary inspection solution provides the automation, standardization, and business intelligence required to effectively identify cargo loss claims; reduce off-spec cargos; speed deal settlement; and drive better inspection performance for bulk commodities including crude oil, LNG, refined petroleum products, coal, metals, grains, coffee, and sugar. Billion tonne-miles Crude Oil Oil Products Iron Core Coal Grain Other Cargo Estimates Gain Business Intelligence Commodity XL for Inspections powered by Navarik provides executives and managers with up-to-the-minute business intelligence across cargo loss/gain, terminals and vessels, and cargo quality. Being able to turn vast amounts of data into actionable information ensures competitive advantage and reduces financial risk Source: Fearnley s Review 2008 (est.) 2010 (est.) COMMODITY XL FOR INSPECTIONS POWERED BY NAVARIK TRIPLE POINT TECHNOLOGY, INC. 2

3 Key Business Benefits RMS CT TE NTA O C Reduces operational risk by standardizing the collection of custody transfer and inspection results Enables traders to make better trading decisions based on historical terminal, cargo, and vessel experience factors Facilitates collection of greenhouse gas (GHG), enabling customers to comply with new EPA mandates Increases claimable cargo loss recoveries for improved profitability Takes advantage of potential arbitrage opportunities in real time Reduces the risk of being incorrectly billed by inspectors Eliminates manual data entry for more efficient cargo inspection Provides a clear audit trail for operations Traders ATION MIN NO Operators EMENT TTL E S Inspectors Loss Control C Q Q R EC O G I NIT ON Make Proactive Business Decisions Commodity XL for Inspections powered by Navarik automatically identifies claimable losses, warns operations of off-spec cargos, speeds deal settlement, and drives better inspection performance. By creating a central space for operations personnel to collaborate with the field, everyone has access to the business intelligence required to mitigate risk and make better decisions. Real-time business intelligence mitigates operational risk and supports decision-making Consolidates key status information for operators COMMODITY XL FOR INSPECTIONS POWERED BY NAVARIK TRIPLE POINT TECHNOLOGY, INC. 3

4 If a single cargo of crude oil is understated by just one percent during a shore-to-ship transfer, several hundred thousand dollars could be lost. Patrick Rooney, President and CEO, Navarik Automate Cargo Inspection Commodity XL for Inspections powered by Navarik automates the way cargo inspection information is nominated, collected, exchanged, analyzed, and settled. The software enables energy and commodity companies to increase productivity, reduce operational risks, and improve trading decisions. Key Solution Features Provides cargo loss analysis and automated voyage reconciliation Automates notifications for off-spec cargos Generates standard reports from the central repository of inspection results Supports electronic invoicing with checks, approval, and batching capability Provides Web Services for integration into 3rd party systems Gives a time stamped record of all major user actions Reduces demurrage through more timely and accurate time logs Supplies a collection of port time logs directly from the source STANDARDIZE CARGO INSPECTION RESULTS Operators Create and send nominations Inspectors Submit inspection worksheets and invoices Cargo Assurance Notify of losses and off-spec cargoes automatically Traders Generate business intelligence reports on cargo quality trending, vessel, and terminal performance COMMODITY XL FOR INSPECTIONS POWERED BY NAVARIK TRIPLE POINT TECHNOLOGY, INC. 4

5 ABOUT NAVARIK Founded in 2000 and located in Vancouver B.C., Canada, Navarik is the leader of on-demand software services that automate shipping logistics and physical trade operations in global crude oil, refined products, and bulk commodities. Navarik Inspection is recognized as the industry standard in cargo inspection management and is currently used by several of the world s largest oil companies, including BP, Chevron, and Shell, to streamline physical operations. Navarik manages data representing 40% of the U.S. seaborne crude oil imports. ABOUT TRIPLE POINT TECHNOLOGY, INC. Triple Point is the leading global provider of innovative software solutions to efficiently and profitably manage commodities and enterprise risk. Triple Point s growing, loyal customer base of over 260 companies represent all industries with exposure to energy and raw materials including oil and gas, coal, metals, agriculture, transportation, shipping, consumer products (CP), discrete manufacturers, and big box retailers. The company was named a Leader in Gartner s ETRM Magic Quadrant for its completeness of vision and ability to execute. Triple Point offers the only real-time solution to manage market/price, counterparty credit, operational, and regulatory risk on a tightly integrated platform. Founded in 1993 and headquartered in Westport, CT, USA, Triple Point employs over 600 people in 11 offices and support centers around the globe. More information is available at How to Get Started To learn how Triple Point s Commodity XL software solutions can benefit your supply, marketing, procurement, hedging or trading activities, please contact us at one of our offices below. Corporate Headquarters 301 Riverside Avenue Westport, CT USA Tel: Europe, Middle East and Africa Headquarters 24 Chiswell Street 6th Floor London EC1Y 4TY England Tel: +44 (0) Asia-Pacific Headquarters C 901 Pune IT Park Bhau Patil Road Pune, India Tel: Parsippany 222 New Road Parsippany, NJ USA Tel: Houston Brazil Singapore Chennai Westheimer Road Suite 705 Houston, TX USA Tel: Nações Unidas Avenue, 14171, Floor 15 São Paulo, SP Brazil Tel: B Orchard Road #23-01 Ngee Ann City Tower B Singapore Tel: ESPEE IT PARK 7th Floor No.5 North Phase Jawaharlal Nehru Road Ekkattuthangal, Chennai Tel: Geneva Cape Town Vienna Avenue de la Gare 25B CH-1180 Rolle Switzerland Tel: +41 (0) Dorp Street 7600 Stellenbosch South Africa Tel: Babenbergerstrasse 9/ Vienna/Austria Tel: COMMODITY XL FOR INSPECTIONS POWERED BY NAVARIK TRIPLE POINT TECHNOLOGY, INC. 5