Fixed Forward Price (FFP) Agreements
Do you want to fix your future bunker fuel price now at any port of your choice.
How it works
- Chemoil offers FFP agreements. These agreements allow the customer to lock in how much they will pay for bunkers in a specific time frame. Be it next month, next quarter or next year. These offerings can be customized to provide the customer with additional options.
Example
- You buy 5,000 metric tons of Rotterdam 3.5% Barges HSFO per month in the fourth quarter 2010 from Chemoil at $340/mt.
- In the first month the Rotterdam Barges month average equates to $350/mt. You pay Chemoil $340 and save $10/mt.
In the second month the Rotterdam Barges month average equates to $335/mt. You pay Chemoil the fixed price of $340.
In the third month the Rotterdam Barges month average equates to $352.50/mt. You pay Chemoil $340 and save $12.50/mt. -
