Title: Problems, Barriers and Solutions for Credit Control at Third Party Terminals
Author: Gary D. Bevers, President, Bevers & Co.
Executive Chair for Education & Promotion, API/PIDX
There are over 1,400+ terminals in the US, with 100’s of stockholders, stakeholders and trading partners storing, through-putting, exchanging and ultimately distributing refined and petrochemical products through this “shared” system. Then, there are 10,000’s of transporters, retail and commercial direct and wholesale jobber/distributor “customers”, lifting “rack” transactions everyday. This presents our industry with unique challenges for managing and controlling credit allocations, risk and exposure in an ever changing, volatile market.
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