The need for Navarik Inspection

The amount of operational information that flows between external service providers and internal business units is immense. Email and telephone are an excellent means of communicating operational information but require human intervention to process even the most rudimentary information. Spreadsheets and document templates are flexible and mastered by most, but inhibit information from being centralized, protected and error-free.

Today, web-based systems do not require software or hardware to be installed on any stakeholders or service providers computer, but rather are managed from one central location. This permits organizations to truly analyze and audit their custody transfer information from a global perspective. Every service provider now has the ability to provide information directly into a trading organizations system rather then indirectly via email, eliminating the need to further process and disseminate the information.

Trading operations happen in a dynamic environment and deserve to be supported by intelligence that can aid in dynamic decision-making. Stakeholders should be able to make cargo trading and vessel selection decisions based on real time cargo information made available by the entire custody transfer community. Likewise, event intelligence should flow back into the community. For example, loss intelligence related to vessels should flow through to chartering for guiding tomorrow's vessel selection criteria. To accomplish these results, all stakeholder information must be centralized and the respective intelligence generated on demand.

Navarik Inspection centralizes and standardizes all key business intelligence around the cargo inspection process. This standardization starts at the nomination, and is carried through to the final loss reconciliation calculations for an entire trip.

Standardization within a nomination ensures all key information is captured and up to date. If items such as ETAs, locations, slates and instructions are incorrect, this can lead to operational delays, off-specification cargoes or absentee inspectors. A standardized nomination also clears communication channels so that everyone has access to all relevant information and knows where to find it.

Every inspection company has their own standard and format for reporting results. In order to yield any further intelligence from these reports, data must be manually transcribed or manipulated in order to meet common criteria. By setting a standard for inspection worksheets, the process of transcribing this data is eliminated placing the onus on inspection companies to meet customer demands. Inspection reports can then be integrated into core systems (trading systems, marine operations, ERP etc) for valuable analysis on the quality and quantity of products being traded. Inspector performance reports can also be generated in order to measure turn-around times and reporting accuracy.