Marine Online - Marine Credits – Centralised Credit Facility for Maritime Industry

Marine Credits – Centralised Credit Facility for Maritime Industry

News | Published Friday, May 15, 2020 2:11 AM
Reported by MARINE ONLINE

03 September 2019 – Singapore based maritime eCommerce B2B platform, Marine Online (www.marineonline.com) announced today the launch of "Marine Credits" that offers a centralised credit facility between shipowners and suppliers. Also, the ingenious "Marine Credits" program will allow the shipowners of receiving the highest service standard, and the suppliers are guaranteed to get payment after fulfilling the orders.

According to Marine Online, all registered shipowners may apply for "Marine Credits" starting from US$20K to US$1M and up to 60 days. Shipowners can start using "Marine Credits" to make purchases on Marine Online upon successful application. There are no hidden costs when shipowners use "Marine Credits" for purchases and only need to repay the used Credits to Marine Online within 60 days [1].

"Marine Credits" supports cross-border transactions, as Marine Online showcase over 10,000 product/services provided by over 4,000 suppliers and spreads across 700 ports worldwide. These essential product/services include chartering, bunkering, port agency, ship supply, crewing, ship SNP and other marine services.

Reported commonly from various sources, recovery of the shipping industry from global crisis back in 2008 had faced with numerous challenges. Shipowners during these periods undergo tremendous financial pressure, while many had gone bankrupt. On the other hand, suppliers had suffered and need to undertake higher commercial risk for survival. The extended credit term to over 120 days seems as an industry norm back then. With the introduction of "Marine Credits", it will address these challenges.

Mr Tiger Cai - Chief Operating Officer of Marine Online, also shares that both shipowners and suppliers save time and resources on administrative work and time. With "Marine Credits" shipowners no longer need to apply credit term from supplier individually. Besides, he also hopes the program will help to uplift the competitiveness within the industry.

Being the centralised credit facility for the global maritime industry, Marine Online assumes calculated risks. Chief Financial Officer – Mr Frank Xu shared that the organisation has proper risk control processes. On top of that, Marine Online also partnered with one of the top insurance company, ensuring a fail-safe mechanism in-place.

As shared with some reporters, Marine Online had launched "Marine Credits" as a pilot program three months ago. Many suppliers welcomed the program due to the guaranteed payment. While shipowners are pleased with the convenience "Marine Credits" brings.

As one of the leading maritime eCommerce platform and located in Singapore - Global Maritime Hub, Marine Online will continue to adopt the latest technology with innovation and creates a symbiosis ecosystem for the maritime industry.

Please visit https://bit.ly/2Le4Wiz for more information on Marine Credits.

[1] Maximum credit terms is set at 60 days, credit term varies depending on type of services and subjected to approval

About Marine Online

Marine Online is a third party platform servicing the maritime industry globally. It aims to serve shipowners and management companies, offering a marketplace of essential marine services including chartering, bunkering, port agency, ship supply, crewing, ship sales and purchase and other marine services. Unlike any digital commerce websites available in the current market, Marine Online is one of the few that are shipowners centric, provides one-stop integrated maritime services to ship owners within the platform.

Connect with us at:

LinkedIn: https://sg.linkedin.com/company/marineonline
Facebook: https://www.facebook.com/eMarineOnline
Twitter: https://twitter.com/eMarineOnline

Company Contact:

Customer Service Hotline: +65 6571 5888, Email: customercare@marineonline.com
Media Contact: +65 9638 1237, Email: benjamin.cheng@marineonline.com




#新加坡海运电商平台海运在线推出第三方授信服务



总部位于新加坡的海运电商平台——海运在线(www.MarineOnline.com) 9月3日对外宣布由其开发的通用型平台授信服务正式推出,据悉这是国际海运行业首家由第三方平台推出的通用型授信产品。

据记者了解,平台通用授信服务是指凡是在海运在线注册的船东或管理公司只要符合条件都可以从平台获得2万美元到100万美元不等的授信额度,船东使用该授信额度可以购买海运在线平台提供的10,000多种船舶产品和服务,支付后船东可以获得最多60天的还款账期,只要在60天内使用现金归还用掉的额度就不会产生任何费用。相比起传统模式下船东需要向分布在不同国家的单个供应商单独申请授信的模式,平台通用授信让船东“一次授信、全球通用”,为船东采购产品和服务提供了极大的便利。

关于平台授信的使用范围据海运在线介绍,平台已经在全球700多个港口开发了4,000多家供应商通过平台为船东提供各种海事服务,包括船舶物资供应、港口代理、海上供油、船员劳务、维修检验等等,已有相当数量的供应商已经接受平台授信作为付款方式,从而有机会获得更多使用平台授信支付的订单。

众所周知,从2008年航运业暴跌至今已经十年有余,期间大量的海运公司由于运价低迷导致长期亏损甚至破产,船东现金流紧张已经成为行业的普遍现象,作为船东下游的供应商更是苦不堪言,不仅承担超长的账期而且收款也没有保障。海运在线本次推出的平台第三方通用授信除了方便船东采购之外,还对供应商的收款提供了第三方担保。

“平台授信是在我们深刻理解海运业痛点的基础上做出的一个大胆尝试”海运在线首席运营官蔡虎(Tiger Cai)介绍说,“对船东而言,公司船舶在全球港口运营往往需要向不同的供应商单独申请账期,费时费力,有了平台通用授信之后船东就可以在700多个港口一站通用;对供应商而言,收到使用平台授信支付的订单后,在约定的账期期满当天就可以将平台授信全额兑换为现金,不管船东有没有按时还款,平台都保证向供应商付款,从而给通过海运在线平台做业务的供应商提供100%的收款保障。”

平台授信这种第三方信用模式无疑对船东和供应商都具有极大的吸引力,但是对于平台代替供应商承担船东的履约风险记者也出现了一些担心,对此海运在线的CFO兼风控总监许亮(Frank Xu)对记者介绍说,“海运在线自身作为一家全球运营的平台公司,对船东风险的掌控能力相比单个供应商有非常大的优势,我们对内有完善的风控和法律体系,对外和国际一流的保险公司建立了风险互通机制,而且购买了大额的信用保险作为兜底,因此我们可以放心的对供应商说:你敢用我敢赔!”

据记者了解,平台授信在正式推出前已经小范围开展了试运行,从实际交易情况来看已经得到了船东和供应商的热烈响应。海运在线作为新加坡最主要的海运电商平台之一,相信依托新加坡在全球海运行业的中心地位,有望引领全球海运行业在授信模式和支付模式方面的创新,促进海运业的转型和发展。

联系方式:

客服电话: +65 6571 5888, 电子邮件: customercare@marineonline.com

媒体联络: +65 9638 1237, 电子邮件: benjamin.cheng@marineonline.com

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