TRADING
The problem
Demurrage is one of the largest avoidable costs in physical trading, and it accrues while nobody is watching a clock that started at notice of readiness.
Quality is the second exposure: a cargo that arrives off-specification turns a completed trade into a claim, and the position on that claim depends entirely on the inspection record.
Core workflow
Nomination to discharge.
01
Nomination
Vessel nominated and accepted, laycan agreed.
02
Pre-shipment
Inspection booked, documents prepared.
03
Loading
Notice of readiness, laytime clock starts.
04
In transit
Position, ETA and title tracked.
05
Discharge
Outturn quantity and quality recorded.
06
Laytime
Calculated, demurrage or despatch settled.
What it covers
Shipment
Vessel nomination and acceptanceLaycan and berth schedulingCharter party termsBill of lading dataMulti-parcel shipments
Laytime
Notice of readinessLaytime calculationDemurrage and despatchStatement of factsExposure alerts before breach
Quality
Contract specificationIndependent inspectionLoad and discharge assayWeight and quantity varianceClaims and settlement
Connects with
Operational outcomes
USD 412k
Demurrage avoided this year
Live
Laytime clock per shipment
100%
Shipments with inspection on file
−34%
Quality claims raised against us
Ranges observed on Al Jawad engagements. Targets agreed in assessment.