Spares Procurement in Shipping Industry 12/21/2015
Client of ours is trying to understand the best practices of procurement in shipping companies and wanted to discuss the following Spares procurement: a. What are the best practices in terms of spares procurement across diversified global shipping companies? b. How common are rate contracts in shipping companies for spare parts? How are these structured? What are the typical discounts that are offered? c. Do these OEMs manufacture directly or license it out? Do shipping companies also have direct rate contracts with licensees? Repairs in workshops a. How do companies manage their repair activities? Are there standard contracts with foreign shipyards? What is the typical discounts that can be achieved through such rate contracts with foreign ship-yards? Experts who have worked with companies like a. Norden buk b. Bahri dry bulk c. MISC (Berhad) d. COSCO shipping company