It is common business practice to offer rebates or discounts in return for volumes, loyalty or quality. In tramp shipping, it can be challenging to benefit from these,...

Last year I wrote about the inherent difficulties in accurately predicting the port costs, which forms a significant part of the voyage costs. The accuracy of these...

Duplicate payments on invoices occur far more frequently than most organizations realize. According to Concur.com, a typical small business processes approximately 450...

Operators and accountants can efficiently manage the end-to-end voyage accounting processes by integrating the DA-Desk System with their voyage management system (VMS).

Administrative tasks, especially those with a compliance-related element, can be a significant yet unquantified cost burden for companies.

The maritime industry is no stranger to the concept of outsourcing, Ship management is a prime example, where ship owners have outsourced the management of their vessels...

One of the most significant costs for shipping companies when doing business internationally occurs as a result of exchanging foreign currency. This can cost the...

Approximately 15% of your voyage expenses are taken up by port call related costs, therefore the importance of optimizing the cost effectiveness of this part of the...

Did you know that the average cost to deliver Cash to Master (CTM) can vary from 1% to 5% of the delivered amount depending on the port, country, delivery method,...

Or maybe not. Port costs and tariffs are not as straightforward as you may think. As your marine accountant or disbursement controller may tell you, calculating it can...