SOURCE: Navarik Corp

Navarik Corp: Data Delivered

April 26, 2010 09:00 ET

Nigeria LNG Limited Advances Ship Vetting and Compliance With Navarik Vetting™

Software Service to Ensure Safety and Compliance

VANCOUVER, BC--(Marketwire - April 26, 2010) -  Navarik, a global leader in cargo inspection management software for petroleum trade and operations, announced today that Nigeria LNG Limited (NLNG) has commenced live operations with Navarik Vetting™ -- An application which helps reduce risk by enabling the user to identify and assess vessels that meet NLNG's vessel Quality Assurance Policy requirements and hence reduce the risk to the Company associated with their maritime business requirements.

"We needed a system that could provide fast and reliable shipping assurance and compliance," said Captain Temilola Okesanjo, General Manager of NLNG's Shipping Division. "What Navarik delivered is a comprehensive solution that enables us to make quicker, more informed vetting decisions and dramatically reduces the time required to retain an up-to-date audit log of all vessel clearance requests, responses and Terminal Assurance."

"Navarik has really enjoyed helping NLNG develop a strong shipping assurance capability in Nigeria," said Patrick Rooney, CEO of Navarik. "We are very confident that Navarik Vetting will enable NLNG to realize their goal of having a complete, easy-to-use system that ensures vessel safety and suitability commensurate with NLNG's Vessel Quality Assurance Policy."

Navarik Vetting™ is a hosted software application that provides a central repository of relevant vessel, terminal, and vessel manager information to enable quick and well informed decisions when clearing vessels for specified voyages. In addition, it enables all parties involved to instantly obtain status updates and track changes to vetting requests.

About Navarik
Navarik is the leader of 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 the movement of bulk commodities around the globe. Today, many of the world's largest oil companies rely on Navarik Inspection™ and other Navarik software offerings to deliver unprecedented insight into the performance of vessels, cargoes and ports. For oil producing countries, Navarik Inspection also generates a detailed account of the total volume of petroleum exports. More information about Navarik's products and services can be found at www.navarik.com.

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