Blockchain Solution
For Global Shipping Industry


Managing and Attenuating the Demurrage Claim
of Marine Logistics


Opportunity

$ 1 tn
Value

Estimated worth of Logistics Industry by 2023.

1 x
Multiplier

Trade related international freight to expand by 2050 compared to its 2014 valuation.

1 %
Market Share

Share of goods in global trade handled by marine transport annually.

$ 1 bn
Value

Estimate for 2017- 30+ billions of USD for bulk and dry cargo demurrage.

1 %
Complexity

Complexity, time and resource intensiveness for demurrage claims settlement force companies to let go rather than pursuing

Challenges

Major Impacts on TIME & COST/Ageing Accounts for Receivables & Payables.

SHIPPING PROCESS

Cargo Delivery Involving Multiple Iterations
Multiple 3rd parties involvement
Unpredictable Schedules
Vessel Tracking
Port readiness for receiving vessels

COMPLEX DOCUMENT FLOW

Multiple documents created by multiple companies/individuals:

Bill of Lading/ Letters of Indemnity
Multiple Sales and Purchase Contracts
Statement of Facts

OTHERS

Errors in Data Processing Different data sources and recording partners Demurrage Claims Documentation Legislations


Vrvot Solution

Smart Contracts

Smart Contract1

Tracking

Track and trace marine vessels/cargo.

Cost Reduction

Reduction in inspection cost.

Coherent Data

Increased Trust

Demurrage

Huge reduction in demurrage claims settlement costs.

Advisers

Meet the genius minds powering Vrvot.

Amanda Lee

Senior project

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Adam Cheise

Head of Platform

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Adam Cheise

Head of Platform

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Lary Flint

Graphic Designer

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Melisa Pomero

Support

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Melisa Pomero

Support

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Team

Meet the genius minds powering Vrvot.

Amanda Lee

Senior project

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Adam Cheise

Head of Platform

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Adam Cheise

Head of Platform

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Lary Flint

Graphic Designer

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Melisa Pomero

Support

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Melisa Pomero

Support

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Partners

Blockchain Made Simple

Reach out to resolve your global shipping and demurrage related challenges.

Meet the expert team.

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