Testing Cost Per Ton of Fuel

Let us look at the additional cost per ton of fuel to have it tested at Maritec. Assume that your ship bunkers 1000 MT of heavy fuel oil at USD$100 per ton giving a bunker cost of USD$100,000.

At the Maritec Fuel Testing Program fleet rate of USD$300 per sample, the testing cost is only 300/100,000=0.3% of the total bunker cost (not even 1.0%). In terms of testing cost as an additional cost on a ton of bunkers, the testing fee is only 30 cents per ton.


Testing Cost in terms of Ship Daily Operating Cost

If we compare joining a testing program in terms of the daily ship operating costs, if we assume that a ship bunkers once a month, the testing cost would be USD$300. Based on a 30 day month, the testing cost per day would be USD$10

Assuming that your ship's daily operation cost is USD$8,000 per day, testing cost as a proportion of operating costs is only 0.125% (not even 1.0%)



The Economics of Testing Your Fuel

From this analysis, we can see that testing is an insignificant cost especially when compared to the benefits of testing the fuel obtaining information forewarning of possible problems that may lead to huge losses and disruption. A test report also provides evidence on the quality of fuel to make a claim on the supplier of the bad fuel.

If you compare paying an additional 30 cents per ton or USD$300 for a test report and compare that with a possible engine repair bill of $100,000 and other losses possibly amounting to $300,000 or more with no evidence to claim on the supplier of the bad fuel, the question is whether you can afford not to test your fuel?

By joining the Maritec Fuel Testing Program, you can:

Be Sure Not Sorry & Avoid Costly Repairs

 

Peace of mind from knowing that the fuel delivered to your ship will be carefully screened before use.

Reduce Your Costs


Machinery damage can be minimized, thereby reducing maintenance costs.

Enhance Performance & Eliminate Disputes
 

Enhanced vessel performance and improved reliability of vessel's schedules whilst minimizing costly disputes and saving time and communications costs.