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Premium member Presentation Transcript Petroleum Products Procurement Workshop Commodity Code 40512 & 40513: Petroleum Products Procurement Workshop Commodity Code 40512 & 40513 January 27, 2005 Product Delivery: Product Delivery JRS will provide the State of Virginia, its Agencies, Departments, Colleges and Universities services that will meet the Commonwealth’s desire to take advantage of aggregated needs of state agencies in providing #2, #4, #5 and #6 and kerosene. Services will include One source billing Small tank deliveries Large tank deliveries Bar coded tanks to insure proper capture of data Web based site for historical data on each agencies tanks Pricing options Fixed price Cap and Slide price Variable price Product Delivery: Product Delivery TRANSPORT LOADS James River Solutions can provide Transport Loads to any facility in the Commonwealth for #2, #4, #5, #6 and Kerosene TANKWAGON LOADS James River Solutions can provide Tankwagon Loads to any facility in the Commonwealth of #2, #4, #5 and Kerosene We reserve the right to use partners in areas where needed Billing will be through James River Solutions, which will give the State one source for payment and any issues that may arise Environmental Fees:: Environmental Fees: #2 Fuel Oil/Off Road Diesel is the same product. If you are using the application to produce heat you would be charged for NORA. There will be no Federal UST Charges. .006 State UST Fee (Environmental Fee) .002 NORA Fee Generators utilizing off road would be charged a total of .006. Tanks using #2 heating oil would be charged a total of .008. All Suppliers charge JRS all fees. It is up to us to submit for reimbursement on a monthly basis.LUST: LUST The LUST tax has been imposed on gasoline and clear diesel fuel since the late 1980s. The 1/10th of a cent per gallon LUST tax was added to clear kerosene when Congress imposed the 23.3 cents per gallon federal excise tax on kerosene several years ago. However, dyed fuels were exempt from the LUST tax until now. The LUST tax is imposed at the terminal rack on dyed fuels beginning 10/01/05. The 1/10 of a cent per gallon LUST tax is paid by refiner/suppliers and often passed down to petroleum marketers in the form or a surcharge or price increase. The LUST tax may appear on supplier product transfer documents as a separate line item to explain the 1/10 of a cent per gallon price increase, but petroleum marketers are not required to list the LUST tax on invoices to customers. The LUST tax is non-refundable (except for export out of the country) even for sales made to tax exempt users. IRS tax rates for claims involving sales to tax exempt users (state and local governments) are as follows: 24.3 cents per gallon for clear diesel fuel and clear kerosene, and 18.3 cents per gallon for gasoline. Do not add the 1/10 of a cent per gallon LUST tax to IRS claims. The LUST tax is non-refundable and the IRS will reject your claim. (Courtesy of Petroleum Transportation and Storage Association)PROTOCOL FOR ORDERS: PROTOCOL FOR ORDERS JRS has a dedicated line that rings to all JRS employees. If you have an order you can either email JRS@jrpetro.com or call the main number 804-358-9000 and press the COV line. If you get voice mail please and this is an emergency during business hours hit 0 and # and have the receptionist page someone. If you have not already received emergency protocol for issues after hours the numbers follow: EMERGENCY /AFTER HOURS PROTOCOL: EMERGENCY /AFTER HOURS PROTOCOL SERVICE PROTOCOL: Monday – Friday 8-5 call 804-358-9000 press ext. 312 or COV Line. COV personnel are Tracy Little, Bert Polk, Kim Caldwell & Darlene Harris. If you can’t reach anyone real time press 0# and ask for one of these individuals. After hours dials the emergency line 804-393-1150. Someone on call will be paged and call you back immediately. Pricing: Pricing Fixed Price Option Fixed pricing contracts can be purchased using the futures market, pricing will be based on NYMEX Pricing can be fixed on a monthly basis Pricing will not increase over the fixed price enabling the Commonwealth to better forecast budgets Pricing: Pricing Cap and Slide Pricing James River Solutions can provide the Commonwealth with a fixed price cap that represents the highest price that the Commonwealth will pay during the locked in period When the market price falls below a preset level, the price to the Commonwealth will fall This option is good in a volatile market and allows the Commonwealth during the budget process to insure that fuel purchases will not exceed budget forecasts Pricing: Pricing Standard Variable Pricing James River Solutions can provide the Commonwealth pricing that is based on the Oil Price Information Service (OPIS) wholesale rack pricing or a similar pricing structure Preset margin/freight will be added to the OPIS cost to determine daily delivered price Pricing will vary by delivery, with the only variable being wholesale rack cost DAILY RACK SHEET - RICHMOND: DAILY RACK SHEET - RICHMOND ADD1 0301 Richmond, VA Currency=USD, Unit of Measure=GLL MOVE SUPPLIER CITY TERMINAL EX C HS #2 MOVE HS #1 DATE TERM COP U Rcmd KMEP N Y -1.7580 -.0350 ----- 0109 N-10 Colonial U Rcmd KMEP Y -1.7630 -.0130 ----- 0109 N-12 FlintHill U Rcmd KMEP S Y -1.7635 -.0400 ----- 0109 N-10 Valero U Rcmd KMEP Y -1.7635 -.0380 ----- 0109 N-10 BP Oil U Rcmd First Engy Y -1.7698 -.0405 ----- 0109 1-10 BP Oil U Rcmd BP Oil Y -1.7698 -.0405 ----- 0109 1-10 Exxon B Rcmd KMEP N Y -1.7699 -.0353 ----- 0109 1-10 BP Oil B Rcmd First Engy Y -1.7748 -.0406 ----- 0109 1-10 BP Oil B Rcmd BP Oil Y -1.7748 -.0406 ----- 0109 1-10 So.States U Rcmd KMEP S Y -1.7750 -.0200 ----- 0110 N-10 Chevron B Rcmd Chevron Y -1.7760 -.0270 ----- 0109 1-10 Parker U Rcmd First Engy Y -1.7770 -.0300 ----- 0110 N-10 Citgo B Rcmd Citgo Y -1.7835 -.0350 ----- 0110 1-10 TPSI U Rcmd Chevron Y -1.7987 -.0381 ----- 0109 N-10 TPSI U Rcmd TPSI Y -1.7987 -.0381 ----- 0109 N-10 Shell U Rcmd KMEP N Y ----- ---- +1.7902 0109 N-10 Rack Average 1.7744 1.7902 Branded Average 1.7758 Unbranded Average 1.7737 1.7902 Rack High 1.7987 1.7902 Branded High 1.7835 Unbranded High 1.7987 1.7902 Rack Low 1.7580 1.7902 Branded Low 1.7699 Unbranded Low 1.7580 1.7902 Contract Average 01/10/2006 1.7744 1.7902 Thur/Pub/Avg 01/05/2006 1.8331 1.8077 EVA FEES: EVA FEES EVA Fees are 1% of the total purchase order up to 500 dollars. This equates to approximately .017- .019 per gallon when integrated into the price per gallon. We need to understand how you are cutting your PO’s! AVAILABLE FUELS: AVAILABLE FUELS #2, 4, 5, 6 % Kerosene available Agency must specify specific sulfur content for requested fuel. Each Agency may realize some savings by allowing us to assist in permitting process for a lower cost fuel or different ASTM specifications. Support Numbers: Support Numbers 1-800-825-5599 1-804-358-9000 For each of these numbers dial the extension you need or follow the prompts and leave a message 24/7 Emergency number 1-804-393-1150 Statistics To Date: Statistics To Date December – JRS delivered 1.3 million gallons across the state. We have bar coded approximately 40 agencies thus far. We are collaborating with Stand and can help you evaluate the most economical energy choice each month. JRS has swapped out several tanks and provided larger ones to reduce delivery fees for smaller deliveries. We have provided fixed prices for more than 5 agencies last month. THERE IS STILL PLENTY TO DO! Opportunities: Opportunities JRS has the ability to add alternative fuels such as Bio-Diesel We will constantly look to improve our services and technology to support your needs Remote tank monitors operated by cell phone technology that monitors tank levels to insure critical delivery of fuel Underground veeder root monitors that allow JRS to monitor tank levels Consult and implement lower cost petroleum solutions where applicableOpportunities: Opportunities Conduct feasibility study on existing tanks to look for efficiencies in deliveries to reduce number of billings and freight savings Manage delivery schedule for the state in order to maximize productivity Inform State on fuel oil market trends, that can help plan fuel purchases in order to help plan and forecast fuel purchases We will constantly look to improve our services and technology to support your needs You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
HEATING FUELS PROCUREMENT WORKSHOP UpBeat Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINTLite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 150 Category: Entertainment License: All Rights Reserved Like it (0) Dislike it (0) Added: November 07, 2007 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Petroleum Products Procurement Workshop Commodity Code 40512 & 40513: Petroleum Products Procurement Workshop Commodity Code 40512 & 40513 January 27, 2005 Product Delivery: Product Delivery JRS will provide the State of Virginia, its Agencies, Departments, Colleges and Universities services that will meet the Commonwealth’s desire to take advantage of aggregated needs of state agencies in providing #2, #4, #5 and #6 and kerosene. Services will include One source billing Small tank deliveries Large tank deliveries Bar coded tanks to insure proper capture of data Web based site for historical data on each agencies tanks Pricing options Fixed price Cap and Slide price Variable price Product Delivery: Product Delivery TRANSPORT LOADS James River Solutions can provide Transport Loads to any facility in the Commonwealth for #2, #4, #5, #6 and Kerosene TANKWAGON LOADS James River Solutions can provide Tankwagon Loads to any facility in the Commonwealth of #2, #4, #5 and Kerosene We reserve the right to use partners in areas where needed Billing will be through James River Solutions, which will give the State one source for payment and any issues that may arise Environmental Fees:: Environmental Fees: #2 Fuel Oil/Off Road Diesel is the same product. If you are using the application to produce heat you would be charged for NORA. There will be no Federal UST Charges. .006 State UST Fee (Environmental Fee) .002 NORA Fee Generators utilizing off road would be charged a total of .006. Tanks using #2 heating oil would be charged a total of .008. All Suppliers charge JRS all fees. It is up to us to submit for reimbursement on a monthly basis.LUST: LUST The LUST tax has been imposed on gasoline and clear diesel fuel since the late 1980s. The 1/10th of a cent per gallon LUST tax was added to clear kerosene when Congress imposed the 23.3 cents per gallon federal excise tax on kerosene several years ago. However, dyed fuels were exempt from the LUST tax until now. The LUST tax is imposed at the terminal rack on dyed fuels beginning 10/01/05. The 1/10 of a cent per gallon LUST tax is paid by refiner/suppliers and often passed down to petroleum marketers in the form or a surcharge or price increase. The LUST tax may appear on supplier product transfer documents as a separate line item to explain the 1/10 of a cent per gallon price increase, but petroleum marketers are not required to list the LUST tax on invoices to customers. The LUST tax is non-refundable (except for export out of the country) even for sales made to tax exempt users. IRS tax rates for claims involving sales to tax exempt users (state and local governments) are as follows: 24.3 cents per gallon for clear diesel fuel and clear kerosene, and 18.3 cents per gallon for gasoline. Do not add the 1/10 of a cent per gallon LUST tax to IRS claims. The LUST tax is non-refundable and the IRS will reject your claim. (Courtesy of Petroleum Transportation and Storage Association)PROTOCOL FOR ORDERS: PROTOCOL FOR ORDERS JRS has a dedicated line that rings to all JRS employees. If you have an order you can either email JRS@jrpetro.com or call the main number 804-358-9000 and press the COV line. If you get voice mail please and this is an emergency during business hours hit 0 and # and have the receptionist page someone. If you have not already received emergency protocol for issues after hours the numbers follow: EMERGENCY /AFTER HOURS PROTOCOL: EMERGENCY /AFTER HOURS PROTOCOL SERVICE PROTOCOL: Monday – Friday 8-5 call 804-358-9000 press ext. 312 or COV Line. COV personnel are Tracy Little, Bert Polk, Kim Caldwell & Darlene Harris. If you can’t reach anyone real time press 0# and ask for one of these individuals. After hours dials the emergency line 804-393-1150. Someone on call will be paged and call you back immediately. Pricing: Pricing Fixed Price Option Fixed pricing contracts can be purchased using the futures market, pricing will be based on NYMEX Pricing can be fixed on a monthly basis Pricing will not increase over the fixed price enabling the Commonwealth to better forecast budgets Pricing: Pricing Cap and Slide Pricing James River Solutions can provide the Commonwealth with a fixed price cap that represents the highest price that the Commonwealth will pay during the locked in period When the market price falls below a preset level, the price to the Commonwealth will fall This option is good in a volatile market and allows the Commonwealth during the budget process to insure that fuel purchases will not exceed budget forecasts Pricing: Pricing Standard Variable Pricing James River Solutions can provide the Commonwealth pricing that is based on the Oil Price Information Service (OPIS) wholesale rack pricing or a similar pricing structure Preset margin/freight will be added to the OPIS cost to determine daily delivered price Pricing will vary by delivery, with the only variable being wholesale rack cost DAILY RACK SHEET - RICHMOND: DAILY RACK SHEET - RICHMOND ADD1 0301 Richmond, VA Currency=USD, Unit of Measure=GLL MOVE SUPPLIER CITY TERMINAL EX C HS #2 MOVE HS #1 DATE TERM COP U Rcmd KMEP N Y -1.7580 -.0350 ----- 0109 N-10 Colonial U Rcmd KMEP Y -1.7630 -.0130 ----- 0109 N-12 FlintHill U Rcmd KMEP S Y -1.7635 -.0400 ----- 0109 N-10 Valero U Rcmd KMEP Y -1.7635 -.0380 ----- 0109 N-10 BP Oil U Rcmd First Engy Y -1.7698 -.0405 ----- 0109 1-10 BP Oil U Rcmd BP Oil Y -1.7698 -.0405 ----- 0109 1-10 Exxon B Rcmd KMEP N Y -1.7699 -.0353 ----- 0109 1-10 BP Oil B Rcmd First Engy Y -1.7748 -.0406 ----- 0109 1-10 BP Oil B Rcmd BP Oil Y -1.7748 -.0406 ----- 0109 1-10 So.States U Rcmd KMEP S Y -1.7750 -.0200 ----- 0110 N-10 Chevron B Rcmd Chevron Y -1.7760 -.0270 ----- 0109 1-10 Parker U Rcmd First Engy Y -1.7770 -.0300 ----- 0110 N-10 Citgo B Rcmd Citgo Y -1.7835 -.0350 ----- 0110 1-10 TPSI U Rcmd Chevron Y -1.7987 -.0381 ----- 0109 N-10 TPSI U Rcmd TPSI Y -1.7987 -.0381 ----- 0109 N-10 Shell U Rcmd KMEP N Y ----- ---- +1.7902 0109 N-10 Rack Average 1.7744 1.7902 Branded Average 1.7758 Unbranded Average 1.7737 1.7902 Rack High 1.7987 1.7902 Branded High 1.7835 Unbranded High 1.7987 1.7902 Rack Low 1.7580 1.7902 Branded Low 1.7699 Unbranded Low 1.7580 1.7902 Contract Average 01/10/2006 1.7744 1.7902 Thur/Pub/Avg 01/05/2006 1.8331 1.8077 EVA FEES: EVA FEES EVA Fees are 1% of the total purchase order up to 500 dollars. This equates to approximately .017- .019 per gallon when integrated into the price per gallon. We need to understand how you are cutting your PO’s! AVAILABLE FUELS: AVAILABLE FUELS #2, 4, 5, 6 % Kerosene available Agency must specify specific sulfur content for requested fuel. Each Agency may realize some savings by allowing us to assist in permitting process for a lower cost fuel or different ASTM specifications. Support Numbers: Support Numbers 1-800-825-5599 1-804-358-9000 For each of these numbers dial the extension you need or follow the prompts and leave a message 24/7 Emergency number 1-804-393-1150 Statistics To Date: Statistics To Date December – JRS delivered 1.3 million gallons across the state. We have bar coded approximately 40 agencies thus far. We are collaborating with Stand and can help you evaluate the most economical energy choice each month. JRS has swapped out several tanks and provided larger ones to reduce delivery fees for smaller deliveries. We have provided fixed prices for more than 5 agencies last month. THERE IS STILL PLENTY TO DO! Opportunities: Opportunities JRS has the ability to add alternative fuels such as Bio-Diesel We will constantly look to improve our services and technology to support your needs Remote tank monitors operated by cell phone technology that monitors tank levels to insure critical delivery of fuel Underground veeder root monitors that allow JRS to monitor tank levels Consult and implement lower cost petroleum solutions where applicableOpportunities: Opportunities Conduct feasibility study on existing tanks to look for efficiencies in deliveries to reduce number of billings and freight savings Manage delivery schedule for the state in order to maximize productivity Inform State on fuel oil market trends, that can help plan fuel purchases in order to help plan and forecast fuel purchases We will constantly look to improve our services and technology to support your needs