About this event
Every time you accept a freight rate that includes Bunker Adjustment Factors (BAF), you are accepting a number calculated on the carrier's terms, using the carrier's fuel price source and consumption assumptions. There is no external reference to check it against.
In a market where disruptions are no longer exceptions, the gap between what carriers charge and what voyages actually cost has never been wider or harder to quantify.
This webinar examines whether an independent simulation mechanism, one that combines vessel-specific fuel consumption models, actual execution patterns, and real-time port fuel prices, could give shippers a credible reference point. Not to confront carriers. To negotiate with facts.
Constantine Komodromos, CEO and Founder of VesselBot, and Bart A. De Muynck, Industry Expert and former VP Analyst at Gartner, will work through the mechanics of the problem and what a viable benchmarking solution would need to look like to be trusted and used in practice.
What you will take away
Attending this session gives you a working understanding of four things your team needs now:
Who should attend
This session is relevant to C-suite executives who deal with freight cost, procurement, or budget accountability: Chief Supply Chain Officers, Chief Logistics Officers, Chief Procurement Officers, and CFOs at manufacturing and logistics companies managing significant ocean freight spend.
Register to join the conversation about whether an independent benchmark could give shippers a credible reference point for BAF, and what that would mean for freight procurement in practice.
Hosted by
Bart De Muynck is an Industry Expert and Thought Leader with over 30 years of Supply Chain and Logistics experience across the globe. Bart has worked for major international companies such as EY, GE Capital, Penske Logistics, PepsiCo as well as several Tech companies. Bart spent 8 years as a VP of Research at Gartner and served as the Chief Industry Officer at project44. Bart is a sought-after speaker who is currently advising multiple companies and industry organizations in Logistics.
With experience in multinational organizations and startups, Constantine has leveraged his expertise to address one of the most pressing environmental challenges: provide accurate transportation emissions visibility to companies striving to reduce their carbon footprint.
VesselBot is a pioneering technology company that brings transparency to Scope 3 transportation emissions. With its deep logistics market expertise, it enables companies to calculate their carbon footprint accurately and efficiently, facilitating compliance with ESG.