Voyager Portal has launched a new web-based Demurrage Module for optimising the demurrage process and streamlining claim calculations.
The system can be used to automatically capture, log and register data from SOFs (Statements of Fact) to reduce the need for manual operations.
“Demurrage has always been a risk factor and a significant cost in bulk and break-bulk shipping, especially during any supply chain disruption when problems with demurrage can be accentuated,” said Matthew Costello, CEO, Voyager Portal.
“Extracting data from SOFs has always been a tough problem to solve, until now. Our new Demurrage Module helps our customers unlock insights and demurrage-saving opportunities 95% faster than they could before. Chartering, demurrage, and operations teams will see tremendous value from this new addition to the Voyager Portal product line.”
“With accurate and comprehensive data in hand, insights can really help with demurrage claims and the upfront negotiation of contract clauses for COAs or spot deals. Enhancing shipping operations and demurrage through technology has always been Voyager’s core business. But this new tool is a real game changer for charterers, traders, shipowners, brokers, agents, surveyors, terminals, or any other group that makes decisions based on information extracted from Statements of Facts.”
After uploading an SOF into the Demurrage Module’s parser, users can access their data via a dashboard of automatically generated metrics, such as port/berth congestion, average load/discharge rates, weather delays, and durations such as NOR to berth. Relevant events are then passed into a laytime calculator to evaluate deductions and create final demurrage estimates.
The software is now being offered on a limited period trial basis where users will have access to the platform on a Proof of Contract type agreement, the company says.