BENCHMARKING & MONITORING
PPS (Payment Performance System)
Introduction
INTERTANKO’s Payment Performance System (PPS) is a confidential database exclusive to Members, containing freight and demurrage payment records covering most major tanker charterers worldwide. By recording and monitoring freight and demurrage payment records, the database can extract reliable and real-time KPI data on payment trends providing every Member with the ability to:
- benchmark their company’s overall payment performance against that of all other Members and how this figure varies within the different size segments
- compare their experience with one charterer against the experiences of all other Members with the same charterer
- compare the payment performance of one charterer against its competitors (in compliance with antitrust advice)
- see a list of the best performing charterers for prompt payment of freight and demurrage
- see the average delays in payments and the USD ($) cost that comes with that to their company and to the industry as a whole
- keep a track of the average delays in submitting, negotiating and getting demurrage claims paid
- Click here to download INTERTANKO's guide to using PPS (PDF file)
- Click here to download a list of PPS frequently asked questions (FAQs)
