Online contract management in the ship-chartering process

1) Negotiate as usual

You can continue to negotiate main terms through your current channels and can enter terms straight into the Recap Manager while you negotiate or once main terms are agreed.

2) Enter main terms

The party who produces a fixture in the Recap Manager, normally the broker, fills out the main terms form set by their principal. The producer will be the only one who can edit the documents.

3) Enter Charter Party details

The CP details and additional clauses can be drawn up immediately, or when the main terms have been confirmed.

4) Review and validate

When the fixture document is completed and published, one or both counterparts can review and validate it online. Any document amendments will be highlighted in the system.

5) Lock originals

Once a document is fully approved it will be locked and watermarked "Original" to prevent any unvalidated amendments.

6) View all fixture document in the fixture file

All details about a fixture are stored in a fixture file. Here involved parties find an audit trail, responsible users, notes and attachments. View the Recap Manager.

7) Find fixtures in your library

All fixtures are stored and can be found in your company's online fixture library and can be used as proformas for back-to-back CPs.

8) Track fixtures and performance

You can track and measure the performance of desks, individual traders or even counterparts using the KPI Dashboard.

9) Integrate with your VMS

The Chinsay Recap Manager can easily be integrated with any voyage management system.