Demurrage Manager
Demurrage in the oil and gas sector often arises from delays, avoidable and unavoidable, resulting in mounting charges for exceeding laytime. Effective mitigation involves virtual assistants for cargo ops, ship ops and cargo inspection, leveraging technology to prevent avoidable delays and anticipate & mitigate unavoidable delays
Demurrage Manager is a fully automated software solution designed to take the complexity and manual effort out of demurrage calculations. Leveraging Augmented Intelligence, it ensures accuracy, speeds up payment cycles, and provides deep insights into negotiation performance and root causes.
Explore Our Solutions
Leveraging augmented intelligence, our virtual assistants for cargo, ship, finance and treasury ops prevent avoidable delays and anticipate & mitigate unavoidable delays, significantly reducing demurrage exposure
1 Automated Demurrage Calculations
- Fully automated demurrage calculations, simple to most complex involving lightering and barges
- Automated alerts for efficient follow up from initial claims to final settlement
2 Data Extraction APIs
- All relevant information updated automatically extracting data from uploaded cargo/ship documents
- Automated alerts for efficient handling of loading and discharge
3 Improve operational efficiency
- Automated alerts and notes to pick up from last call
- Augmented Intelligence to support future physical deal negotiation with relevant and critical information
4 Automation and Digitalization
- Fully automated calculations, factoring in relevant and unique terms for each counterparty, port, ship owner
- Augmented Intelligence to visualize and prioritise claims to be focussed
Benefits of Demurrage Manager
Automated demurrage calculations
Flexible module empowering users to run automated calculations with option to factor-in cargo-specific information, segregated to loading, discharge, lightering and barges.
Comprehensive follow up
Automated tracking of outstanding claims, record notes on counterparty negotiation with option to remind next follow up
Relevant & Critical information
Identifies and logs root causes of each claim for visibility to minimize future delays
Claim negotiation tracking
Recognizes the efforts of Dem team in each claim tracking cliam progress from initial cliam to final settlement