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

Abstract:

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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