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Harbor Lab's Bold Leap into the Future: Acquires SOFeXchange and DEMeXchange products from Osiris Ltd. in a move to digitise statement of facts and demurrage claim processes

Company acquires new digital products to streamline statement of facts and demurrage claim processes

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The Problem With Demurrage

The Problem With Demurrage By Adrian Challinor, CEO, Osiris Consultants Ltd Demurrage is an issue that is necessary, but nobody likes. Simply put, it is a cost levied by the vessel owner when a vessel outstays its allowed time in port. It is a fundamental part of the contract for carriage of goods as set out in the charterparty document. It is obviously important. An examination of charterparty documents shows that approximately 75% of the clauses are to do with in-port operations. When we look at the utilisation of dry cargo vessels, we see that over 45% of their time is spent in port. So, it’s clear that this waiting time is a commercially and contractually important issue.

StratumFive integrates SOFeXchange as a Podium Compatible Solution | Hellenic Shipping News Worldwide

StratumFive integrates SOFeXchange as a Podium Compatible Solution The Podium community of sensors and solutions continues to grow with the addition of SOFeXchange. UK-based StratumFive, a leading maritime tech company, and Osiris, a UK based technology start up, have signed an agreement to integrate the advanced port event logging functionality of SOFeXchange with Podium. This development means the superior voyage performance data and analysis available within Podium will include near real time data for port calls. SOFeXchange will connect this data with a wide range of stakeholders and commercial systems increasing the scope and reach of Podium supported functionality. Podium will be enhanced with the port event capability of SOFeXchange, including its extensive data validations. Podium continues to move data interpretation forward by connecting data sources or solutions and integrating them within its unique timeline architecture. The correlated data streams and agile dashboard