We look at your entire trading operations and identify areas that could be handled more efficiently, either in terms of time or cost.
An Oil Trader frequently called us for assistance with their Vessel Operations caused by repeated issues relating to their Letters of Credit.
Having read several of their previous contracts it was clear that the wording of their Payment Clauses left them solely liable for all consequences caused by late arrival of Vessels. We recommended completely rewriting the terms to ensure the contract worked for rather than against them. In turn we also recommended amending a number of other Clauses, thus reducing the number of delivery problems experienced with customers and vastly decreasing the number of demurrage and other claims received.
We offer a range of services that are available to Trading Companies’ shipping departments and to pure Shipping Companies.
We are experienced in working with dry and liquid shipping.
An expanding Coal Trading Company contacted us asking they could restructure their Chartering Department into a stand-alone Shipping Company to act as a profit centre and handle third party business.
We proposed and set-up a structure to act as a third party ship operator while at the same time fulfilling the needs of the Trading Company. It was important to ensure maximum efficiencies between the two whilst limiting their financial liabilities in the event of any sizeable legal claims. The Shipping Company now has a number of vessels under Time-Charter subsequently re-let on their own Standard Terms, and has seen an improved relationship with Owners along with reduced operating costs arisen from the streamlining of operations.
With our long-term experience within trading companies and our excellent contacts with Trade Finance Banks in Geneva, we can advise you on the best way to handle your financing needs.
An Iron-Ore Trader in Asia contacted us for guidance on how to expand their financing options within Europe.
Choosing to take advantage of our network in Geneva we arranged a host of introductions over a 48 hour period with a number of potential financiers. The client now has credit lines with several 1st Class European Banks which has allowed them to consolidate business in an otherwise very depressed market. Using Geneva based banks has also provided access to cheaper financing costs than were previously available in their home market.
We look at your entire trading operations and identify areas that could be handled more efficiently, either in terms of time or cost.
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