Crude Oil

Manage commercial complexity like never before.

Crude oil shipping is marked by exceedingly complex contracts and continuous market fluctuations that must be carefully managed for each and every commercial voyage. Built to handle the complexity and market-bound nature of crude oil, the Veson IMOS Platform (VIP) delivers a robust suite of capabilities that empower crude oil leaders to streamline their commercial maritime workflows, automate cost allocation, and adapt to the ever-changing dynamics of the market.

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A commercial solution designed for the unique realities of crude oil transport.

Proactively manage risk and exposure.

With intense volatility comes outsized risk. With the Veson IMOS Platform (VIP), crude oil shipping professionals can continuously monitor and manage risk across all of their freight and fuel contracts with integrated mark-to-market performance tracking, index-linked pricing and benchmarking, powerful “what if” scenario testing, and robust analytical tools.

Accurately allocate costs.

The complex corporate structures of crude oil leaders require precise cost allocation on every vessel and through every voyage. Whether you are a leading tanker owner-operator or a global energy major, VIP centrally manages the many P&L implications of every voyage across subsidiaries and product lines, seamlessly integrating with your existing systems for a single source of truth.

Centrally manage voyages from start to finish.

Maximize operational and financial efficiency by centrally managing all of your dynamic, index-linked contracts in one, comprehensive workspace. Eliminate information gaps, guesswork, and operational burden at every stage of the voyage lifecycle with dynamic tools for scheduling, demurrage and claims management, voyage reporting, and more.

Some of Our Crude Oil Clients Include:

Read their Stories

Finance and Operations are now tightly aligned and can access the same reports on demand. This is only possible because of the integration via IMOS. This level of data integrity makes us more efficient and also sets the stage for our future development. With Veson Nautical, we got the solution and the long-term partner we were looking for.
–Svend Erik Nielsen,
Business Development Manager, Uni-Tankers A/S

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Insightful Content & Resources for Crude Oil Leaders

Brought to you by our team of commercial maritime technologists.

Innovation

Blog

Commercial Agility in Crude Oil Volatility

Andi Chen
Commercial Solutions Consultant

4 Minute Read

Client Success

Blog

Key Commercial Maritime Shipping Concepts and Business Scenarios

Brian Berry
Vice President, Technical Solutions

2 Minute Read

Marketplace

Blog

The Impact of COVID-19 on Maritime Organizations

Sean Riley
President

2 Minute Read

Use Case

Crude Oil Use Case

Since its industrial expansion in the mid-1800s, crude oil has been an integral commodity that underpins global industry. Its long history of volatility dates back to its earliest days of drilling when prices surged and plummeted alongside decades of shifting supply and demand. Today, crude oil prices continue to rise and fall with market conditions, geopolitical movements, and industrial development.

Download the Use Case