MACN and Marcura launch 3 Sea Diligence – a new third party risk management platform

The Maritime Anti-Corruption Network (MACN) and Marcura are pleased to announce the launch of a new third party risk management platform. The platform is envisioned to foster collaboration and leverage community features to save on cost, time and effort in managing third party risks. The platform – 3 Sea Diligence – provides MACN members with access to third party due diligence and Know Your Counterparty (KYC) tools, enabling companies to implement comprehensive anti-corruption and anti-financial crime compliance programs.
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The Impact of sanctions on insurance policies

The impact of sanctions on insurance policies

Against the backdrop of the war in Ukraine, this advisory is intended to provide our customers with a brief roundup update on developments we have seen in the insurance rules and policy coverages of P&I clubs in response to the heightened environment surrounding sanctions.
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PortLog and Veson’s partnership for dry bulk

We are excited to announce that PortLog’s time-in-port and cost data is now available in VIP. The integration between PortLog and VIP for dry bulk customers brings PortLog’s exclusive data straight into the heart of the Veson IMOS Platform (VIP), available in the notification pane of the voyage estimator.
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How to obtain discounts and rebates on port call costs

15% of voyage expenses can be taken up by port call related costs, therefore having reliable numbers and knowing how these costs are derived is extremely important for decision-making. The cost of calling at a port needs to be as accurate as possible for the chartering team to calculate voyage expenses. How much costs can change depends on different variables which, if carefully assessed, support the risk analysis in taking cargo or not.
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Bourbon implements MarTrust’s E-Wallet solution

MarTrust announced that Bourbon Marine Services Greenmar has chosen MarTrust’s E-Wallet solution to digitally transform the way it manages crew payments. Bourbon Marine Services Greenmar is the manning affiliate of the Bourbon Group, one of the world’s leading offshore marine services companies
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