BQCIS — Shared Storage Program Oversight
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Multi-user storage facilities such as tank terminals, bonded warehouses, and
free trade zones create complex risk environments.
Without independent oversight, product mixing, misallocation, and seal breaches can lead to costly disputes.
BQCIS Shared Storage Oversight introduces transparent allocation, custody control, and
program-level compliance reporting across these shared facilities.
Custody & Allocation Controls
- Independent witness of filling, discharge, and transfer operations.
- Compartment-by-compartment verification for product segregation.
- Allocation logs linked to QR-secured reports.
- Minimizes disputes between multiple users of the same facility.
Seal Management & Access Logs
- Custody seals applied to valves, hatches, and sampling points.
- Each seal logged with serial numbers, inspector ID, and timestamps.
- Full access trail maintained for regulators and financiers.
- Aligned with ISO custody standards.
Program-Level Assurance
- Monthly oversight programs for traders, operators, and financiers.
- Variance reporting across storage balances & receipts.
- Consolidated reports for ICC trade finance and insurers.
- Custom dashboards available through the BQCIS Client Portal.
Case Example: Multi-User Tank Terminal Dispute Avoided
At a West African tank terminal, three traders shared the same diesel storage.
A variance of 0.4% was detected during transfer. BQCIS inspectors verified seals, reconciled
allocations, and issued QR-secured logs. The program prevented escalation to litigation,
saving over $2.3 million in potential claims.
Compliance & Standards References
- ISO Standards — Custody, seals & program audits
- ASTM Protocols — Calibration & reconciliation
- IMO Guidelines — Storage & marine transfer safety
- BQCIS QR Certificates — Verified allocation & custody logs
- Client Portal — Oversight dashboards & archives
- Variance reporting accepted by insurers & lenders