Company Cost Savings

Maritime companies are faced with an expensive logistical problem of delivering cash to their vessels.

Traditional cash-to-master services can be very costly and require many days lead time depending on port locations. ShipMoney provides an efficient and cost-effective alternative by reducing the number of cash deliveries. The potential savings can be significant:

100 Number of ships $18,000,000 Est. annual onboard cash advances
x 20 Average number of crew per ship x 4.0% Est. cost to deliver cash to ships
= 2,000 Total number of onboard crew = $720,000 Est. annual cost to deliver cash to ships
x $750 Est. onboard cash advance per crew x 50% Targeted reduction in cash deliveries
= $150,000,000 Est. monthly onboard cash advances = $360,000 Est. annual gross cost savings