Traditionally maritime accounts receivables have been slow to pay and even more difficult to collect. By the time a customer becomes an obvious risk, the supplier who has extended credit has nowhere to turn.
The customer who has incurred the debt may be bankrupt. The vessel involved may be foreign flag or foreign owned.
The complexity of international shipping combined with the enormous resources required to pursue claims have left most companies frustrated and unable to obtain what is rightfully theirs.
Our company was created to meet the special needs of the maritime industry. We have the knowledge to make the best of these bad credit problems.
We understand the recovery process and handle every detail for the tracking of ships to the payment of the claim. We have developed and international team to assist us in the process. We obtain an economy of scale by working on numerous claims involving the same debtors. This unified approach saves both time and money.