SOURCE: Navarik Corporation

Navarik Corp: Data Delivered

December 01, 2009 08:00 ET

Chevron Optimizes Cargo Inspections Using Navarik Inspection

Software Service Is Now Live in Houston, San Ramon, London and Singapore

VANCOUVER, BC--(Marketwire - December 1, 2009) - Navarik, a global leader in shipping logistics software services for petroleum trade and operations, announced today that Chevron Corporation (NYSE: CVX) has completed the launch of Navarik Inspection at their Houston, San Ramon, London and Singapore offices. Navarik Inspection is a web-based cargo inspection system that more easily and accurately automates the nomination and inspection workflows specifically for petroleum and energy companies.

Navarik Inspection is a software service that automates the way cargo inspection information is nominated, collected, exchanged, analyzed and settled. The software service enables companies to increase productivity, reduce operational risks and improve trading decisions. For example, Navarik Inspection tracks the quantity and quality of oil shipments and instantly highlights discrepancies between inspection results and contractual terms to ensure that potential loss or quality claims are identified and processed in a timely manner.

About Navarik

Founded in 2001, Navarik Technologies is the leader in on-demand software services that automate shipping logistics and physical trade operations in global crude oil, refined products and bulk commodities. Navarik's mission is to create an open standards-based industry network that brings together all parties engaged in the physical movement and trading of maritime cargo to more effectively manage bulk commodities shipped around the globe. Today, many of the world's largest oil companies rely on Navarik Inspection and other software services to deliver unprecedented insight into information about vessels, cargoes and ports to help determine the organizations they can trust to meet performance expectations. For more information about Navarik's products and services, please visit www.navarik.com or call 604-633-0018.

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