Cargo volume discrepancies are inherent to the maritime movement of oil and can significantly affect overall profitability if left unchecked. Loss control groups are responsible for minimizing and controlling loss through monitoring, verifying measurements and attaining compensation for excessive losses. If you work in oil loss, identifying high loss voyages, determining the leg of the voyage where the loss occurred and initiating corrective action is a key part of day-to-day operations.
- Shore-to-ship difference at load
- In-transit loss
- Ship-to-shore difference at discharge
- Shore-to-shore overall summary