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Danish bunker firm Dan-Bunkering, has announced that it has introduced a new version of its fixed price agreement (FPA) product.

The company says it is launching a new FPA version, which includes several new features and has been launched "in order to adapt to the market conditions" as numerous clients are said to have enquired about fixed prices and profits.

“Considering the present situation and the overall condition of today’s market, clients margins are under pressure and a fixed contract that allows a certain amount of space and opportunities may therefore be profitable and the right decision,” said Managing Director Henrik Zederkof.

The concept is not unknown territory for Dan-Bunkering as the company has offered fixed price agreements for nearly two decades, but the FPA product has been adjusted to match the constantly changing market.

As the name suggests, a fixed price agreement is a preset contract with a fixed price for a specific period of time in either one or several ports. The main aim of FPAs is to provide security and eliminate risks.

“Due to our world wide presentation, combined with a long-term knowledge of both the bunker market and the financial aspects of it, we have what it takes to advise our clients accurately on these adapted and to some degree personalized agreements,” concluded Henrik Zederkof.