- Country: Canada
- Summary: Fuel Hedging Services
- CAT Ref No: 77286970
- Deadline: 03 Feb 2023
- Financier: Self Financed
- Purchaser Ownership: Government
- Tender Value: Refer Document
- Notice Type: Tender
- Document Ref. No.: 0000239118
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- Description:
- Fuel Hedging Services
Solicitation Type : RFP - Request for Proposal (Formal)
Solicitation Number : 305-227-022
Location : Canada, Newfoundland and Labrador, West Coast-Northern Peninsula-Labrador
Delivery Point : Port aux Basques, NFLD
Purchase Type : Duration: 1 year Option: 1 year extension
Description : Marine Atlantic Inc. Request for Proposal #305-227-022 - Fuel Hedging Services. Marine Atlantic Inc. (MAI) invites offers from Suppliers for Fuel Hedging Services. MAI is seeking a supplier to seek the services of individuals or organizations to review the Corporation-s current market fuel price risk exposure and options to mitigate the risk going forward. Marine Atlantic inc. (MAI) currently has a fuel hedging program to manage the risk of price volatility in the global oil market. The program currently involves the purchase of fuel swaps over a three-year horizon. The program is passive in nature and is managed by internal staff. MAI purchases approximated 30-32m litres of fuel annually. MAI has a bulk storage facility and purchases fuel via Marine fuel tankers. MAI currently charges a fuel surcharge that is generally set annually based on the forecasted cost of fuel considering hedged positions Marine Atlantic reserves the right to accept quotations in whole or in part. The lowest or any quotation will not necessarily be accepted. The closing for receipt of quotations will be 14:00 pm Atlantic Time, February 3, 2023 All documents related t... - Documents:
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CLICK HERE TO LOGINFuel Hedging Services - Canada Tender
The MARINE ATLANTIC, a Government sector organization in Canada, has announced a new tender for Fuel Hedging Services. This tender is published on CanadaTenders under CAT Ref No: 77286970 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2023-02-03.
The estimated tender value is Refer Document, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.
