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Corporate Information
World Fuel Services Corporation is a global leader in the marketing and sale of marine, aviation and land fuel products and related services. World Fuel Services provides fuel and related services at more than 6,000 locations including airports, seaports, tanker truck loading terminals and other customer storage locations in 200 countries around the world. With 44 offices strategically located throughout the world, World Fuel Services offers its customers a value-added outsource service for the supply, quality control, logistical support and price risk management of marine, aviation and land fuel.Mission Statement
Our mission is to sustain long-term, profitable growth for shareholders and maintain a global leadership position in the downstream marketing and financing of aviation, marine and ground transportation fuel products and related services. We will accomplish this by providing exceptional service and value to customers and suppliers, and by maintaining a corporate environment that provides employees with opportunities for personal and professional advancement.
Aviation Fuel Services
We market aviation fuel and related services to passenger, cargo and charter airlines, as well as corporate customers and to the United States and foreign militaries. Our aviation related services include fuel management, price risk management, flight plans, weather reports, ground handling and flight permits. We have developed an extensive network that enables us to provide aviation fuel and related services throughout most of the world under the following trade names: World Fuel, Baseops, AirData, PetroServicios de Mexico, and PetroServicios de Costa Rica.
We purchase our aviation fuel from suppliers worldwide. The cost is generally tied to market-based formulas or is governmentally controlled. Outside of the United States, we do not maintain fuel inventory since we arrange to have the fuel delivered into our customers' aircraft directly from our suppliers. In the United States, fuel is delivered into our customers' aircraft or designated storage directly from our suppliers or from our fuel inventory. Inventory is held at multiple locations in the United States for competitive reasons inventory levels are kept at an operating minimum. We have arrangements with our suppliers and third parties for the storage and delivery of fuel, and related aviation services.
Marine Fuel Services
We market marine fuel and related services to a broad base of customers, including international container and tanker fleets, time charter operators, and to the United States and foreign military vessels. Marine fuel and related services are provided throughout most of the world under the following trade names: World Fuel, Trans-Tec, Bunkerfuels, Oil Shipping, Marine Energy, Norse Bunker, Casa Petro and Tramp.
Through our extensive network of strategically located sales offices, we provide our customers global market intelligence and rapid access to quality and competitively priced marine fuel, 24 hours a day, every day of the year. Our marine related services include management services for the procurement of fuel, cost control through the use of hedging instruments, quality control and claims management. Our customers need cost effective and professional fuel services since the cost of fuel is a major component of a vessel's operating overhead.
As an increasing number of ship owners, time charter operators and suppliers continue to outsource their marine fuel purchasing and/or marketing needs, our value added services have become an integral part of the oil and transportation industries' push to shed non-core functions and reduce costs. Suppliers use our global sales, marketing and financial infrastructure to sell a spot or ratable volume of a product to a diverse, international purchasing community. End customers use our real time analysis of the availability, quality, and price of marine fuels in ports worldwide to maximize their competitive position.
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