Petroleum tank storage rental & transaction due diligenceSingapore   /   Rotterdam   /   Fujairah
Pricing

Storage, throughput & handling: understand the charges.

A practical guide to separating recurring capacity costs from movements and additional services.

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Capacity and time

Check whether rent is based on contracted capacity, occupied volume or another agreed basis. Record the unit, billing period and minimum term. Ask whether unused capacity affects the commitment.

Product movements

Receipt, dispatch, tank-to-tank transfer and additional throughput may be priced separately. Confirm the movements included in the base quotation and the basis for any additional charge.

Additional services

Heating, blending, circulation, sampling and testing can add cost where required. Ask about setup charges, energy assumptions and tax treatment. Use written inclusions and exclusions when comparing proposals.

Build the cost comparison from a shared scenario

Write down capacity, units, storage period, expected receipts and dispatches and additional service requirements before entering rates. Keep an unknown charge blank until clarified; entering zero would imply that the item is included or waived. Compare quotations in the same currency or obtain an explicit conversion basis outside the worksheet. A subtotal is only as complete as the charges supplied.

  • Capacity charge: identify the unit and charging period.
  • Movement charges: identify the activity and quoted basis.
  • Minimums and exclusions: record them beside the total.

Test what happens when the plan changes

Ask how the proposal treats a delayed arrival, longer holding period, extra movement or unused capacity. These questions expose differences that a headline rate cannot show. Use the expected case and one plausible changed scenario when reviewing the commitment. The worksheet does not supply market prices or interpret contractual conditions; request written clarification where the quote is incomplete.

Record the decision and the remaining conditions

Keep the quote reference, date, assumptions, stated total and unresolved questions together. A cheaper quote with an unconfirmed operational condition may not be comparable with a complete proposal. Review the commercial and operational conclusions before proceeding, and preserve the final accepted scope for the contract and cargo handover.

Your questions, answered

Frequently asked questions

Answers to help you prepare your next step.

Is throughput the same as capacity rental?

Treat them as separate quotation questions: how much space is committed, and which movements or volumes of movement are included in the stated charge?

Should an unquoted charge be entered as zero?

No. In the comparison worksheet, leave an unknown charge blank. Use zero only when the charge is confirmed as included or not applicable.

Does the worksheet calculate taxes or currency conversion?

No. It totals the figures you enter in one selected currency. Confirm taxes, exchange assumptions and contractual billing separately.

Your next step

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your storage requirement.