Never miss a time bar again
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 or data scattered across multiple enterprise systems 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 and Demurrage teams an overview of active demurrage claims, profit and 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.
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