Demurrage

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Sign up for a 30 days' free trial here & gain access to our MAF Demurrage Management Suite for free!

1. Upon signing up, you will receive 2 emails:

a. Account Verification Email. Please follow the instructions in the email to verify your email address to activate your account.

b. Welcome Email. This provides some guidance on navigating and using MAF Cloud, to help you get started!

2. Sign into your account and click 'Demurrage' from the navigation sidebar on the left and you're good to go! Please refer to Demurrage Claims and Demurrage Calculations to learn more!

MAF Demurrage Management Suite, as one of MAF Cloud’s subscription plans, helps clients better manage physical trades and shipping logistics where demurrage and/or other claims are incurred. With MAF Demurrage Management Suite’s cloud-enabled solutions, clients can take advantage of new technologies provided by MAF Cloud to enhance demurrage and other claims. This results in operations becoming more efficient, transparent, accurate and easy for data tracking, which give clients the freedom to focus more on their negotiations and timely settlement of receivables with their counterparties and/or ship owners. 

Main features and benefits:

• Covers most demurrage cases ranging from simple scenarios to various complex scenarios involving demurrage auto-calculations, such as escalation and cargo proration etc. This reduces time spent on massive time-consuming tasks involving calculations and enhances the accuracy of the figures. 
• Generates detailed demurrage reports systematically, allowing communication between clients and their counterparties to be more efficient.
• Duplicates and keeps track of all past & pending demurrage and other claims (e.g. deviation, deslopping costs etc.) to allow data management, tracking and statistics tasks to be performed more easily. 
• Includes dynamic and customised data table layout to give clients the flexibility to transform data into any format to fit their daily operational data exchange needs.
• Allows uploading of demurrage data directly and avoid the hassle of manual data entry. Data can also be downloaded in different formats.
• Couples with the Enterprise Solution Licence to allow managing and sharing of demurrage data across different teams/departments.
• Includes timebar scheduled reminders and notifications that are sent to clients via email so as to prevent any demurrage claims from being missed out.
• Includes a MAF Link module that allows clients to potentially collect demurrage data from their brokers and/or other suppliers automatically. This helps clients to reduce massive data entry workload and operational errors, thereby improving overall efficiency.