Adoption of these Industry data standards deliver substantial benefits to both suppliers and customers of aviation fuel, including:
- Improved data quality and accuracy
- Improved staff productivity
- Reduced number of disputes and queries
- Improved timely invoice settlement and cash management
- Improved customer service
- Reduced cost of Accounts Receivable/Accounts Payable (AP/AR) function
- Reduced numbers of IT adaptors needed for the exchange of e-data with business partners
Lifecycle of Fuel Data Standards
The purpose of the proposed standard is to facilitate a cost effective exchange of data between parties to consummate a buy/sell transaction.
There are four separate XML Fuel Data standards that reflect the lifecycle of Fueling aircraft:
Tender / Bid: Enables tendering for a fuel contract, the award of a fuel contract and the acceptance of an award
Pre-Transaction: Captures information required for a preliminary order through a revised and final order, concluding with a Fuel Summary
Transaction: Captures information required by the supplier or customer to process and settle an electronic fuel transaction
Invoice: A standardized electronic invoice for fuel purchases that can be used by both fuel suppliers and airlines in the airline industry.