Skip to main content
  • login
  • contact
  • language
    • English
    • Français
    • Español
    • Português
    • Deutsch
    • Italia
    • 简体中文
    • 日本語
  • search
X
    GEP Logo GEP Logo
    • Company  
        • About Us 
        • Culture 
        • Careers 
        • Contact Us 
        • AI-First at GEP
        • Sustainability at GEP

        About Us

        • Leadership
        • Customers
        • Partners
        • News
        • GEP in the News
        • Events
        • Mission & Vision
        • Awards & Recognition
        • Contact Us

        GEP Is a Leader in the 2025 Gartner® Magic Quadrant™ for Source-to-Pay Suites

        Read More
        A Procurement Software Platforms Leader — 4 Years Running

        Tariff Resource Center: Strategies and Action Plans 

        Read More

        Culture

        • Diversity
        • GEP Cares
        • GEP Core Values
        • Women at GEP
        A Procurement Software Platforms Leader — 4 Years Running

        GEP & Xylem Unite to Bring Clean Water to 1,800 in Maharashtra

        Mapping & Reducing Scope 3 Emissions: A Quickstart Guide for Procurement Pros

        GEP & Akshaya Patra: Partnering to Deliver 4 Billion Meals and Fight Hunger Worldwide

        Careers

        • Explore Global Careers Opportunties
        • North American
        • Europe
        • India
        • Latin America
        • Asia-Pacific
        • Join Us
        • GEP Per Se
        • Campus Connect
        TOP EMPLOYER 2025 - USA
        TOP EMPLOYER 2025 - UK
        TOP EMPLOYER 2025 - INDIA
        TOP EMPLOYER 2025 - Costa Rica

        Contact Us

        • Ask Us
        • Request for Proposal
        • Schedule a Demo
        • Share Feeback
        GEP - AMERICA

        GEP in the Americas

        GEP - EUROPE

        GEP in Europe

        GEP - ASIA

        GEP in Asia

        GEP - AFRICA

        GEP in Africa 

        GEP - Middle East

        GEP in the Middle East

        AI-First at GEP

        Sustainability at GEP

    • Solutions  
        • Software 
          • GEP SMART  
          • GEP NEXXE  
          • GEP FINA  
          • GEP QUANTUM  
          • GEP GREEN
        • Strategy 
          • Procurement Consulting  
          • Supply Chain Consulting  
        • Managed Services 
          • Procurement Outsourcing  
          • Supply Chain Outsourcing  

        Software

        GEP SMART

        • Procurement Software
        • Direct Procurement Software
        • Indirect Procurement Software
        • Midsize & High Growth Enterprises

        GEP NEXXE

        • AI-First Supply Chain Management 
        • Supply Chain Visibility and Execution 
        • Supply Chain Planning 
        • Supply Chain Collaboration  

        GEP FINA

        GEP GREEN

        GEP QUANTUM

         

        GEP SMART

        • Procurement Software
        • Direct Procurement Software
        • Indirect Procurement Software
        • Unified Source-to-Pay
        • Source-To-Contract Software
        • Procure-to-Pay
        • GEP SMART for Midsize & High-Growth Enterprises
        • Key Capabilities
        • Spend Analysis
        • Sourcing
        • Contract Lifecycle Management
        • Supplier Lifecycle Management
        • Third-Party Risk Management
        • Purchasing
        • Payments
        • Data Analytics and Reporting
        • Do More With GEP SMART
        • Intake Management & Orchestration
        • Intelligent Category Management
        • Tail Spend Management
        • Cost Data & Analytics (GEP COSTDRIVERS)

        GEP NEXXE

        • AI-First Supply Chain Management
        • Supply Chain Visibility and Execution
        • Logistics Visibility  
        • Inventory and Warehouse Management
        • GEP Multienterprise Collaboration Network
        • Supply Chain Control Tower
        • Field Services  
        • Supply Chain Collaboration & Planning  
        • Supply Chain Planning
        • Purchase Order Collaboration  
        • Forecast Collaboration 
        • Capacity Collaboration  
        • Quality Management Software  
        • Should-Cost Modeling
        • Direct Material Sourcing
        GEP Is a Leader in the 2025 Gartner® Magic Quadrant™ for Source-to-Pay Suites

        GEP Is a Leader in the 2025 Gartner® Magic Quadrant™ for Source-to-Pay Suites

        Read More

        GEP FINA

        • E-Invoice Network
        • E-Invoice Receiving
        • E-Invoice Sending
        • E-Invoicing Compliance
        • Digital Supply Chain
        GEP Is a Leader in the 2025 Gartner® Magic Quadrant™ for Source-to-Pay Suites

        GEP Is a Leader in the 2025 Gartner® Magic Quadrant™ for Source-to-Pay Suites

        Read More

        GEP QUANTUM

        • AI, ML & Automated Technology
        • AI-Powered Data Analytics
        • Cloud Integration
        • Low-Code Application Development
        GEP Is a Leader in the 2025 Gartner® Magic Quadrant™ for Source-to-Pay Suites

        GEP Is a Leader in the 2025 Gartner® Magic Quadrant™ for Source-to-Pay Suites

        Read More

        Strategy

        Unrivaled supply chain and procurement expertise + the transformative power of AI

        Procurement Consulting

        • Procurement Transformation
        • Digital Procurement Transformation
        • Opportunity Assessment
        • M&A Services

        Supply Chain Consulting

        • Environmental, Social and Governance
        • Sustainability Consulting Services
        • Socially Responsible Sourcing
        • Scope 3
        A Procurement Software Platforms Leader — 4 Years Running

        Tariff Resource Center: Strategies and Action Plans 

        Read More

        Procurement Consulting

        • Procurement Transformation
        • Digital Procurement Transformation
        • Opportunity Assessment
        • M & A Services
        • Strategic Cost Management
        • Supply Risk Management
        6 Strategies for CPG Companies To Supercharge Sales and Operations Planning

        6 Strategies for CPG Companies To Supercharge Sales and Operations Planning

        Read More

        Supply Chain Consulting

        • Environmental, Social and Governance
        • Sustainability Consulting Services
        • Socially Responsible Sourcing
        • Supply Chain Strategy
        • Supply Chain Diagnostics
        • Inventory Optimization
        • Network Optimization
        • GEP Total Inventory Management Solution
        Mapping & Reducing Scope 3 Emissions: A Quickstart Guide for Procurement Pros

        10 Practical Steps To Reduce Scope 3 Emissions

        Read More

        Managed Services

        World-class skills, experience and know-how — amplified by the power of AI

        Procurement Outsourcing

        • Source-to-Contract
        • Spend Analysis 
        • Procure-to-Pay
        • Cost Recovery & Invoice Auditing

        Supply Chain Outsourcing

        • Planning & Forecasting
        • Inventory Management
        • Logistics Management
        • Supply Chain Data Management
        GEP Named a Leader in Procurement Outsourcing Services

        GEP Named a Leader in Procurement Outsourcing Services

        Read More

        Procurement Outsourcing

        • Source-to-Contract
        • Spend Analysis
        • Strategic Sourcing
        • Category Management
        • Tail-Spend Management
        • Procurement Support Services
        • Procure-to-Pay
        • Cost Recovery & Invoice Auditing
        • Accounts Payable
        GEP Named a Leader in Procurement Outsourcing Services

        GEP Named a Leader in Procurement Outsourcing Services

        Read More

        Supply Chain Outsourcing

        • Planning & Forecasting
        • Inventory Management
        • Logistics Management
        • Supply Chain Data Management
        • Supply Chain Risk Management
        GEP Named a Leader in Procurement Outsourcing Services

        Expanding the Possibilities for Procurement and Supply Chain Management by Using AI

        Read More
    • Industries  
        • Explore by Industry 

        Explore by Industry

        • Automotive
        • Chemicals
        • Consumer Packaged Goods
        • Energy & Utilities
        • Financial Services
        • Government & Nonprofit
        • Industrial Manufacturing
        • Life Sciences
        • Oil & Gas
        • Private Equity
        • Retail
        • Telecommunications, Media & Technology
        • High-Tech
        • Media & Entertainment
        • Software, Social & Platforms
        • Telecom
        • Travel & Hospitality
    • Knowledge Bank  
        • Explore by Topic 
        • Explore by Type 
        • Global Supply Chain Volatility Index

        Explore by Topic

        • Artificial Intelligence
        • Digital Transformation
        • Software & Technology
        • Strategy & Planning
        • Operations
        • Procurement
        • Sustainability
        • Inflation Strategies
        A Procurement Software Platforms Leader — 4 Years Running

        Tariff Resource Center: Strategies and Action Plans 

        Read More

        Explore by Type

        • White Papers
        • Research Reports
        • Bulletin
        • Case Studies
        • Webcasts
        • Blogs
        • Podcasts
        • Insights From the Top
        • Glossary
        Resilience: Delivering Value Amid Volatility

        Resilience: Delivering Value Amid Volatility

        Read More

        Global Supply Chain Volatility Index

    • Careers
      • Join Us
      • GEP Per Se
      • Campus Connect
    • Partners
       
    • GEP Software ›
      • GEP Software
      • ‹ Back
        • GEP SMART ›
          • GEP SMART
          • ‹ Back
            • Procurement Software
            • Direct Procurement Software ›
              • Direct Procurement Software
              • ‹ Back
                • Bill of Materials Management
                • Data Analytics & Reporting
                • Inventory Management
                • Master Data Management
                • Quality Management
                • Supplier Collaboration Portal
                • Supply Chain Operations
            • Indirect Procurement Software ›
              • Indirect Procurement Software
              • ‹ Back
                • Source-to-Contract
                • Savings Project Management
                • Savings Tracking
                • Guided Buying
                • Procurement Portal
                • Catalog Management
                • Order Processing
                • Invoice Management
            • Unified Source-to-Pay
            • Source-To-Contract Software
            • Procure-to-Pay
            • Midsize & High Growth Enterprises
            • Key Capabilities
            • Spend Analysis
            • Sourcing
            • Contract Lifecycle Management
            • Supplier Lifecycle Management
            • Third-Party Risk Management
            • Purchasing
            • Payments
            • Data Analytics and Reporting
            • Do more with GEP SMART
            • Intake Management & Orchestration
            • Intelligent Category Management
            • Tail Spend Management
            • Cost Data & Analytics (GEP COSTDRIVERS)
        • GEP NEXXE ›
          • GEP NEXXE
          • ‹ Back
            • AI-First Supply Chain Management
            • Supply Chain Visibility and Execution ›
              • Supply Chain Visibility and Execution
              • ‹ Back
                • Inventory and Warehouse Management
                • Control Tower
            • Logistics Visibility
            • Inventory and Warehouse Management
            • GEP Multienterprise Collaboration Network
            • Supply Chain Control Tower
            • Field Services
            • Supply Chain Collaboration & Planning ›
              • Supply Chain Collaboration & Planning
              • ‹ Back
                • Purchase Order Collaboration
                • Quality Collaboration
            • Supply Chain Planning ›
              • Supply Chain Planning
              • ‹ Back
                • Demand Planning
                • Supply Chain Bill of Materials
                • Supply Planning
            • Purchase Order Collaboration
            • Forecast Collaboration
            • Capacity Collaboration
            • Quality Management Software
            • Should-Cost Modeling
            • Direct Material Sourcing
        • GEP FINA ›
          • GEP FINA
          • ‹ Back
            • E-Invoice Network
            • E-Invoice Receiving
            • E-Invoice Sending
            • E-Invoicing Compliance
            • Digital Supply Chain
        • GEP QUANTUM ›
          • GEP QUANTUM
          • ‹ Back
            • AI, ML & Automated Technology
            • AI-Powered Data Analytics
            • Cloud Integration
            • Low-Code Application Development
        • GEP GREEN
        • Innovation ›
          • Innovation
          • ‹ Back
            • Emerging Technologies
            • Native to Cloud
            • Native to Mobile
            • One Unified Platform
            • Security
            • User-Centric Design
    • GEP Strategy ›
      • GEP Strategy
      • ‹ Back
        • Procurement Consulting ›
          • Procurement Consulting
          • ‹ Back
            • Procurement Transformation ›
              • Procurement Transformation
              • ‹ Back
                • Procurement Strategy
                • Org. Design & Implementation
                • Capability Building
                • Change Management
                • Governance & Performance
                • Processes & Policies
                • S2P Operations
                • Sourcing & Category Management
                • Technology
            • Digital Procurement Transformation
            • Opportunity Assessment
            • M&A Services ›
              • M&A Services
              • ‹ Back
                • M&A Clean Room
            • Strategic Cost Management ›
              • Strategic Cost Management
              • ‹ Back
                • Zero-Based Budgeting
            • Supply Chain Risk Management
        • Supply Chain Consulting ›
          • Supply Chain Consulting
          • ‹ Back
            • Environmental, Social and Governance
            • Sustainability Consulting Services
            • Socially Responsible Sourcing
            • Scope 3
            • Demand and Supply Chain Planning
            • Collaborative Planning
            • Source To Contract
            • Procure To Pay
            • Inventory Strategy & Management
            • Operations & Manufacturing Excellence
            • GEP Total Inventory Management Solution
            • Network Strategy & Optimization
            • Warehousing & Transportation Management
    • GEP Managed Services ›
      • GEP Managed Services
      • ‹ Back
        • Procurement Outsourcing ›
          • Procurement Outsourcing
          • ‹ Back
            • Source-to-Contract
            • Spend Analysis
            • Strategic Sourcing ›
              • Strategic Sourcing
              • ‹ Back
                • MRO
                • CAPEX
                • Logistics
                • Packaging
                • IT & Telecom
                • Energy
                • Direct Materials
            • Category Management ›
              • Category Management
              • ‹ Back
                • Contract Management
                • Supplier Performance Management
                • Savings & Compliance Tracking
            • Supply Market Intelligence  
            • Tail-Spend Management Services
            • Procurement Support Services ›
              • Procurement Support Services
              • ‹ Back
                • eSourcing
                • Supplier Performance Management
                • Savings & Compliance Tracking
                • Sourcing Support
            • Procure-to-Pay
            • Cost Recovery & Invoice Auditing
            • Accounts Payable
        • Supply Chain Outsourcing ›
          • Supply Chain Outsourcing
          • ‹ Back
            • Planning & Forecasting
            • Inventory Management
            • Logistics Management
            • Supply Chain Data Management
            • Supply Risk Management
    • Industries ›
      • Industries
      • ‹ Back
        • Automotive
        • Chemicals
        • Consumer Packaged Goods
        • Energy & Utilities
        • Financial Services
        • Government & Nonprofit
        • Industrial Manufacturing
        • Life Sciences
        • Oil & Gas
        • Private Equity
        • Retail
        • Telecommunications, Media & Technology
        • High-Tech
        • Media & Entertainment
        • Software, Social & Platforms
        • Telecom
        • Travel & Hospitality
    • Knowledge Bank ›
      • Knowledge Bank
      • ‹ Back
        • Explore by Topic ›
          • Explore by Topic
          • ‹ Back
            • Artificial Intelligence
            • Digital Transformation
            • Operations
            • Procurement
            • Software & Technology
            • Strategy & Planning
            • Sustainability
            • Inflation Strategies
        • Explore by Type ›
          • Explore by Type
          • ‹ Back
            • Insights From the Top
            • White Papers
            • Research Reports
            • Bulletins
            • Case Studies
            • Webcasts
            • Blogs
            • Podcasts
            • Glossary
        • Global Supply Chain Volatility Index
    • Company ›
      • Company
      • ‹ Back
        • About Us
        • Leadership
        • Customers
        • Partners
        • AI-First at GEP
        • Sustainability at GEP
        • News
        • Events
        • Culture ›
          • Culture
          • ‹ Back
            • GEP Core Values
            • Women@GEP
            • Diversity
            • GEP Cares
        • Mission & Vision
        • Awards & Recognition
        • Contact Us
    • Global Presence ›
      • Global Presence
      • ‹ Back
        • Americas ›
          • Americas
          • ‹ Back
            • English
            • Español
            • Portugués
        • Europe ›
          • Europe
          • ‹ Back
            • English
            • Deutsch
        • Asia-Pacific ›
          • Asia-Pacific
          • ‹ Back
            • English
            • 中文
        • Middle East ›
          • Middle East
          • ‹ Back
            • English
            • العربية
    • Contact Us
    • Careers ›
      • Careers
      • ‹ Back
        • GEP Per Se
        • Campus Connect
    • Language ›
      • Language
      • ‹ Back
        • English
        • Français
        • Español
        • Deutsch
        • Italia
        • Português
        • 简体中文
        • 日本語
    • BLOGS
    • Strategy
    • Technology
    • MIND
     
    •  
    •  
    •  
    •  
    Blog Image

    Are OSVs on the Road to Recovery?

    November 01, 2019 | Energy & Utilities

    Offshore Support Vessels, or OSVs, are often called the underrated workhorses of offshore upstream drilling and are key pieces of equipment for the operation of offshore rigs and platforms. After the fall in global crude prices in 2014, the OSV market was one of the most affected. As oil price volatility calms down, the demand for OSVs is rising again. However, the supply-demand situation may not be as simple as it appears. The OSV market is highly fragmented, with the top ten global suppliers accounting for less than 30% of the vessels available in the market. They function across regions with limited visibility on the condition of the vessels. In the aftermath of the fall in global oil prices in 2014, the OSV industry was one of the worst affected. With no recovery on the horizon, operators started looking to stop bleeding their cash. OSV operators believed that cold stacking, or cold lay, would be an effective option that would help them save expenses.

    Is Cold Stacking a Viable Solution?

    As crude prices stabilize and oil companies start to focus toward exploration and production activities again, the demand for OSVs is expected to rise. However, these OSVs need to be reactivated before they can be deployed for active duty. The lengthy process of reactivation is dependent on the procedures followed in the last lay-up, the quality of work, attention to detail and most importantly, whether the lay-up procedures were conducted with future reactivation in mind. The OSV’s operating and repair history would play a crucial part here, helping strategize the reactivation plan. Vessel owners must consider all their options before they begin reactivation, as there is no singular approach that can be taken for OSVs.

    Modern OSVs are fitted with systems like dynamic positioning, hybrid battery power systems, and vessel and fuel monitoring systems. Some of these systems are a standard requirement for new jobs today and thus, older OSVs would need to be upgraded with these systems to be relevant in the market. Older vessels possess the advantage that, as they are comparatively simple in terms of the systems and construction, they can be easily reactivated and brought back into active duty. The downside, however, is that older vessels can lose their bollard pull due to continuous wear and tear, resulting in questions about their reliability. Older OSVs are also often less fuel-efficient compared to their modern counterparts. It is not surprising that charterers prefer to engage with modern vessels, due to their better capabilities and fuel-efficiency.

    What Can Charterers Do?

    Due to cold stacking, there can be significant availability issues for OSVs. However, there are multiple ways that charterers can handle the situation. OSVs are highly mobile and not region limited, hence an OSV from a different region can be roped in to manage supply concerns — subject to local laws of course, as some countries have marine laws that limit foreign vessels. The OSV market is highly fragmented and consolidation can prove to be a very helpful solution from the perspective of both, buyers and charterers. Companies can pool-in together and have an umbrella contract with multiple suppliers to provide vessels, a move that would help manage demand and assure availability. Such an umbrella contract would also offer better cost management opportunities because of demand consolidation.

    For companies with a significant portion of their fleet in cold stack, an independent survey of the condition of the ships could be carried out by the charterer. This would give charterers an idea of the condition of the vessels and time they would need for reactivation before they engage with the OSV supplier. As vessel operators are strapped for cash at the moment, charterers can help with financial agreements that can result in lowering charterer’s long-term cost while simultaneously financing the reactivation effort of the OSV operator.

    Conclusion

    The biggest expense for OSV charterers comes from their workforce. During the downturn, operators had scaled back on their workforce but post-reactivation, operators need to scale up this expert workforce before they can begin to charter vessels again. Crew shortages have led to bareboat engagements gaining a lot of traction. In the case of a bareboat charter, the operator provides only the vessel and equipment while the charterer is responsible for crew, fuel and other minor regulatory work. Charterers can thus benefit on cost by having their own crew while the operator provides the vessel. Having their own crew manning a vessel also benefits the charterer, as it ensures a tighter level of control over the complete operation.

    The end result of fragmented suppliers providing limited visibility and the added complications associated with the lengthy process of vessel rejuvenation is that the OSV supply scenario might turn out to be radically different from what it appears at first glance. Operators, for example, might not directly invest in rejuvenating their fleets unless there is a guaranteed demand. Furthermore, while new events and trends might generate demand again, the time delay in reactivating OSVs can lead to an artificial supply scarcity, which might drive up volatility in OSV market again.

     

    Sources:

    • https://knect365.com/energy/article/27a48944-3ee3-4af5-9ae8-da3c7a89357f/why-recovery-is-still-a-distant-dream-for-the-osv-sector
    • https://www.oedigital.com/news/464872-osvs-restarting-that-idled-vessel
     

    Tags: shipping , oil & gas

    Add Comment +

    GEP Outlook 2025: Procurement & Supply Chain Key Trends, Challenges and Opportunities

    Read More

    FEATURED POST

    ...
    Risk Management

    Act Now or Play Safe? Here’s How to Respond to Tariff Uncertainty

    ...
    Supply Chain Strategy

    The AI Race Isn’t Just About Tech — It’s About Supply Chain Agility

    ...
    Source to Pay

    From Vision to Execution: Why GEP Is a Leader for S2P Suites in Gartner 2024-25 Magic Quadrant

      BLOG CATEGORIES

    • Marketing
    • Pharma and Life Sciences
    • Professional Services
    • IT & Telecom
    • Logistics
    • Chemicals
    • Energy & Utilities
    • Market Intelligence
    • Oil and Gas
    • Supply Chain
    • MRO
    • Facilities Management
    • Human Resource
    • Agro
    • Packaging
    • CAPEX
    • Procurement Process and Excellence
    • Direct Materials
    • Automotives
    • Healthcare
    • Metals & Minerals
    • Corporate Travel
    • Technology
    • Category Management
    • Awards and Events

    TAGS

    sustainability
    Procurement Software
    supply chain strategy
    Inflation
    Russia-Ukraine War

    By checking the box below, you consent to GEP using your personal information to send you thought leadership content – such as white papers, research reports, case studies – and other communications. GEP representatives may contact you to provide additional information or answer questions.

    If at any point in time you decide to withdraw your consent, you may unsubscribe by emailing your request to us at privacy@gep.com.

    Please refer to the GEP Privacy Statement to understand how we manage and protect your personal information.

    Terms of Use | Privacy Statement

    SEND US YOUR QUESTION(S)

    By checking the box below, you consent to receiving thought capital – such as white papers, webinars, news and research – and other communications from GEP. When you download an asset, GEP representatives may contact you to provide additional information or answer questions.

    GEP will never sell or share your information with anyone. You may opt-out at any time. Please refer to the GEP privacy statement to understand how we manage and protect your personal information.

    If you choose to withdraw your consent in the future, you may do so by emailing your request to privacy@gep.com

    Terms of Use | Privacy Statement

    Breadcrumb

    1. HOME
    2. BLOGS
    3. MARKET INTELLIGENCE
    4. ARE OSVS ON THE ROAD TO RECOVERY?

    Contact Us

      Demo Schedule a live demo of our software
      RFP Request for a business proposal
      Ask Us Send us your question(s)
      Feedback Share your comments and suggestions
           
    STRATEGY
    Strategy
    •   Procurement Consulting
    •   Digital Procurement Transformation
    •   Strategic Cost Management
    •   Opportunity Assessment
    •   Supply Chain Risk Management
    •   Supply Chain Consulting
    •   Supply Chain Strategy
    •   Supply Chain Diagnostics
    •   Inventory Optimization
    •   Procurement Transformation
    •   Sustainability and ESG Consulting
    SOFTWARE
    Software
    •   Procurement Software
    •   Supply Chain Software
    •   Source-to-Contract
    •   Procure-to-Pay
    •   Supply Chain Planning
    •   Supply Chain Collaboration
    •   Supply Chain Visibility & Execution
    •   Supply Chain Control Tower
    •   Should-Cost Modeling
    •   Inventory & Warehouse Management Software
    •   Source-To-Pay Software
    •   Midsize & High Growth Enterprises
    MANAGED SERVICES
    Managed Services
    •   Procurement Outsourcing
    •   Strategic Sourcing
    •   Tail-Spend Management
    •   Category Management
    •   Procurement Support Services
    •   Supply Chain Outsourcing
    •   Supply Chain Planning & Forecasting
    •   Inventory Management
    •   Logistics Management
    COMPANY
    Company
    •   About Us
    •   Leadership
    •   Customers
    •   Sustainability at GEP
    •   Careers
    •   News
    •   Awards
    •   Partners
    •   Contact Us
    Stay Connected

       
       

    Download the GEP GO App

    Stay connected with cutting-edge procurement and supply chain insights – anytime, anywhere.

    app store
    play store
    © Copyright GEP 2025. All rights reserved. Terms of Use | Privacy Statement | Cookie Policy |  Cookie Settings | Quality Policy | GEP Logo