ShipMoney Other service
Vessel Cash and Disbursements
Management of vessel cash advances and port disbursement accounts, offering an alternative to cash-to-master with transparency from head office to vessel.
Description
ShipMoney manages cash advances and port disbursement accounts with transparency from head office to the vessel, aiming to give finance teams oversight without the reconciliation burden of traditional cash management.
Key features
- Port disbursement account management
- Cash advance processing and tracking
- Agent payment confirmation and documentation
- Onboard expense reconciliation support
Applications
An alternative to cash-to-master for ship operators. Case studies on the site describe operators, including a Norwegian tanker operator and a Greek shipping company, using ShipMoney to reduce or eliminate cash-to-master.
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