Laytime Tracker

Laytime Tracker

The complexity of the trade chain results in a fragmented view of demurrage. A single commodity purchase or sale contract can result in four or more laytime calculations, often with different contract terms depending on counterparty, commodity or geographic location. This is further compounded by multiple load and discharge ports, or pro rata allocation across multiple parties. As a result, it is no surprise that many companies use Excel to track millions of dollars of demurrage exposure.

The Laytime Tracker is the product of several decades of expertise in service to and monitoring of the demurrage industry. The system provides Trade Execution teams an overview of active demurrage claims, demurrage Profit & Loss, and tools to monitor the status of each claim. The ability to quickly collaborate with colleagues and identify demurrage exposure accelerates the demurrage settlement process.