Cargo Contract Finance

• Cargo Contract Finance can help bridge the working capital funding gap for shipowners and operators that trade vessels on the spot market.
• Optimal trading requires significant working capital investment. Cargo Contract Finance provides you the flexibility so that your chartering managers can choose the best trading strategy, regardless of working capital considerations.
• You pay only for the days you use the facility and there are no prepayment penalties.

• Company applies for a Cargo Contract Finance loan and submits the Clean Recap of Cargo Fixture. If the contract is still under negotiation, Company can submit the last counter received.
• Company’s loan application is shared with Lenders for bidding. If a Lender is successfully identified, terms are shared with Company, which can either accept or reject the terms.
• If Company accepts the terms, it can submit an online drawdown notice. Funds are received into its bank account.
• Company can use the loan funds to pay vessel hire, DA and/or bunkers (as per the loan terms).
• Once freight is received, Company uses the proceeds to repay loan dues.

Your business could be suitable for Cargo Contract Finance if you:

• Yes: Own or operate dry bulk carriers or tankers or gas carriers.
  
• Yes: Trade your vessel(s) on the spot market.
• Yes: Have an experienced team of chartering and operations personnel.
• Yes: Have been in operation for at least 12 months with a minimum turnover of $1 million.

• Get loan approval instantly after completing a 2 min online application
• Funding up to $750,000.
• One bullet repayment, payable upon freight receipt or in 30 days, whichever is earlier.
• Pay only for the days you use the facility (minimum days apply).
• No prepayment fees.
• Track your loan status 24/7 online.
• Dedicated account manager with strong operational expertise.