With the Veson IMOS Platform – Sea/contracts integration, mutual clients can develop and fix contracts within Sea/contracts and then easily transfer pertinent details into VIP, enabling users to progress their voyage management process.
Alternatively, clients can first perform voyage estimates within VIP and evaluate opportunities side by side before committing to a contract negotiation. Once a profitable deal has been identified and a vessel has been chosen, clients can then feed that data into Sea/contracts to agree on terms with their counterparties.
Streamlining the data flow between these two systems enables organisations to optimise both documentation workflows in Sea/contracts and downstream workflows in VIP by helping to ensure contract details are entered immediately and correctly and are visible throughout their lifecycle. This reduces material exposure, minimises risk, and cuts out error-prone manual entry. In addition, organisations can keep track of which charter party contracts are still outstanding, helping ensure that all electronically signed off contracts are captured.
Alex Gray, head of commercial partnerships, Sea/ said: “Our Sea/contracts solution helps maritime organisations tackle contract management in a focused, efficient, and compliant way – when we combine these capabilities with Veson’s leading voyage management system, the value clients get from our solution is extended to another level.”
“Collaboration will be key for the maritime shipping industry to innovate for the future, which is why our Platform Partnership with Veson is so exciting. By uniting our expertise in charter party documentation with Veson’s expertise in commercial voyage management, we can empower our clients with the contextual information they need to make better-informed decisions based on real-time data and usable insights.”
Jere Richardson, chief commercial officer, Veson Nautical said: “Terms from charter party contracts have ramifications to the commercial viability of each fixture, therefore requiring important contract details to be entered manually is not only time consuming and error prone, but also opens up the possibility of operational and business risk. Through this charter party integration with Sea/, we can reduce these risks for our clients and unite the entire fixture lifecycle under one synergistic workflow.”