Multi Service announced the successful execution of a long term bunker fuel and services procurement agreement with the Defence Science and Technology Agency (DSTA) of The Republic of Singapore.
The agreement allows bunker suppliers on the Multi Service bunker network to provide competitive tenders on marine fuel and chandlering services for the DSTA through the company’s web-based bunker procurement solution, altivis.
“Primarily, the Singapore navy operates in the Asia Pacific region,” said Colin Wills, Business Development Representative for the Marine division of Multi Service Government Programs. “Our network of bunker suppliers in this region is strong and continues to grow. This puts the Government of Singapore in position to acquire competitive pricing from a collection of suppliers who would otherwise find it difficult to quote efficiently.”
According to the agreement, Multi Service will process and reconcile all transactions with bunker suppliers directly including payment of suppliers. Since finalizing the contract in July,Multi Service has already successfully completed transactions in Indonesia and Australia on behalf of the DSTA with further business expected in Q4 2009 and the years to come. Suppliers on the network choose on which bunker RFPs they would like to bid and have the option of standard or fast payment terms from Multi Service.