Air bp: Book and claim solution ‘relevant’ for industry
Air bp is advocating the use of book and claim systems for the purchase of sustainable aviation fuel (SAF) as a “relevant” solution for the business aviation market “where volumes are smaller and typically purchased over a wide number of locations”.
Currently, Air bp’s book and claim solution can be used with jet fuel purchases in France, Germany, Spain, Switzerland, the UK and the US, and the firm is considering additional locations.
If SAF isn’t available at the location a customer is flying from, they still have the opportunity to purchase the carbon reductions for SAF that is placed into the supply chain where it is most cost effective and sustainable, say Air bp.
The book and claim customer is issued a certificate by the registry showing the volume of SAF delivered and the corresponding lifecycle carbon emission savings. It is also up to the customer to choose how to use the lifecycle carbon savings.
As well as giving a wider range of customers access to the benefits of SAF, book and claim also helps to develop a greater understanding of SAF demand, say Air bp.
Customers can opt for a specific quantity and they will then be invoiced separately for the incremental cost. Alternatively, they can opt for a percentage of their normal jet purchases from a particular airport and then pay an additional fee on their purchases of traditional jet fuel to cover the incremental cost of book and claim SAF.
The minimum volume of book and claim SAF that can be purchased is 5,000USG/19,000 L/ 19m3/ 15MT.
See Air bp’s contribution in our latest edition of Corporate Jet Investor Quarterly – Mapping SAF.