Industry News & Tips

Big Oil

June 07, 2011

Gene Horton

I found this article in Marine Professional, one of my trade magazines. It is a great example of the behind the scene activity in the oil trade business and a good example of how even the big players can overlook important details and wind up losing massive amounts of money. The important thing to understand that in any bulk trade, it is impossible to get all of the cargo off the ship. Not only will the shipper wind up short, he/she will often get the bill for cleaning the cargo holds or tanks afterwards. This is a bit of a brain teaser, have fun.