Sea has launched Cora, an AI-powered assistant integrated into its Contract Management platform to help chartering, legal and operating teams search contract portfolios and identify risks in charter party terms.
The assistant allows users to query contracts in natural language, including searches for missing sanctions clauses and previous agreements with specific counterparties.
The company says that Cora can also identify inconsistent or absent clauses across a contract portfolio and compare new wording against a company’s standard clauses or BIMCO’s library.
The system is designed to use maritime-specific language, charter party structures and clause logic, with contract data remaining within each customer’s own security environment. It can be used to retrieve information on areas including laytime, demurrage and trading limits, as well as previous positions taken during negotiations.
The assistant is intended to support commercial and legal decision-making rather than replace it, with contractual assessments and final fixing decisions remaining with the relevant teams.
“For years, the maritime industry has not been able to fully utilise the valuable information trapped inside its own paperwork,” said Peter Schroder, CEO, Sea.
“Cora is part of a broader shift we’re driving at Sea: turning our customers’ historic contracts into valuable data, made accessible through Cora at the exact point of negotiation in Sea Contracts and Recap Manager.”
