Purchasing

Detailed annual budgets are prepared for all vessels with due considerations to their condition and particular requirements. Once the annual budget frame of a particular vessel is accepted by owners, it is the duty of each Superintendent to individually monitor the vessels for which he is responsible.

Spares and provisions are purchased in the name of Combine. The buying power of our Group enables us to negotiate discounts that are immediately passed on to the owner. Secondly, the international reputation of our Group and its creditworthiness, ensures that the supply of items required are never delayed due to a problem in releasing funds. Obviously, this provides a distinct advantage in an emergency. All discounts, rebates and commissions are reflected on the individual invoices.

It is endeavoured to supply the vessels under Full Management with general stores, chemicals, paints, lubricating oils, gases, wires and ropes, charts and dry provision stores on at least 3-monthly basis to make full use of bulk discounts and favorably low transportation costs.

The computerised purchasing programme gives instant access to the status of all orders.

A clear and detailed procedure is set out for the procurement of requisitions from the ships.

A supplier performance evaluation review is carried out, which considers the level of service offered, the quality of the goods/services supplied and the ability of the supplier to correct non-conformities. Combine's preferred contractors' list consists of the contractors whose performance has been tested and accepted. Regular reviews and updates are performed, based on suppliers performance.