DEMURRAGE FINANCE

• Demurrage Finance can unlock liquidity tied-up with charterers long after a voyage has been completed.
• Demurrage Finance provides you cash upfront on the back of a confirmed demurrage invoice, so you can put your capital to work elsewhere.
• You pay only for the days you use the facility and there are no prepayment penalties.
  
  

• Company applies for Demurrage Finance and submits Clean Recap of Cargo Fixture and Demurrage Invoice.
• Company’s loan application is shared with Lenders for bidding. If a Lender is successfully identified, terms are shared with the 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 for general working capital (as per the loan terms).
• Once demurrage is received, Company uses the proceeds to repay loan dues.
  
  

Your business could be suitable for Demurrage Finance if you:

• Yes: Own or operate dry bulk carriers or tankers or gas carriers.
  
• Yes: Work with charterers who typically take 30 or more days to pay demurrage.
• 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 $100,000.
• One bullet repayment, payable upon demurrage receipt or in 90 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.