Demurrage Copilot Platform

The demurrage process has been largely unchanged since the age of clipper ships. While the tools have changed from Pen to Typewriter to Computer, the manual process involved in calculating laytime has remained the same. 

Using Artificial Intelligence and Machine Learning, the B&V Laytime Tracker eliminates human error and unlocks efficiencies enabling demurrage specialists to calculate, manage, and settle claims quickly and accurately. 

Today's demurrage process involves digging through multiple documents; synthesizing that information into a laytime calculation; and handling commercial negotiation with counterparties where each side often disagrees on the interpretation of the facts. The outcome of this process heavily relies on the expertise of the operator or analyst and opportunities for human error, disputes, and missed timebars are commonplace.

B&V's solutions leverage automation and AI to enable an operator or demurrage analyst to calculate and audit a laytime calculation without changing the underlying process. As voyage documents become available, the system automatically processes, digitizes, and standardizes them to enable operators and analysts to calculate, audit, and settle claims, while providing the entire organization visibility into claims status and demurrage risk and exposure throughout the voyage and commodity trading lifecycle.