One deal, five stages.

Every party to a physical commodity deal works from the same record. Each stage closes with a signed, recorded check, and payment follows the checks.

In development This is how the platform is designed to work.

Nominated

The deal is agreed, and every party to it is identity-verified before anything moves.

Who takes part
Buyer, seller and bank
On the record
Verified identities, through KYC and AML checks

Loading

An independent surveyor inspects the cargo at the load port. The inspection report and the loading documents are signed electronically.

Who takes part
Seller, surveyor and vessel master
On the record
Inspection report and an electronic bill of lading

Voyage

The cargo is at sea. Every party sees the same status as it moves, so nobody chases paper between ports.

Who takes part
Every party
On the record
One shared deal status

Discharge

A second inspection at the discharge port. The discharge documents are signed and recorded against the same deal.

Who takes part
Buyer, surveyor and vessel master
On the record
Discharge inspection and documents

Settlement

The verified documents go to the bank, and payment is released against them.

Who takes part
Bank, buyer and seller
On the record
Payment released against verified documents

Each party sees the view its role needs

  • Buyer
  • Seller
  • Vessel master
  • Surveyor
  • Bank

Contract amounts, margins and counterparty details stay private to the parties who need them.