Real Time, On-line Credit Services Offered
www.OceanConnect.com As credit has long been an issue in bunker transactions in the marine industry, one of the industry's leading e-commerce prov iders has created a proposed solution.
Over the past four months, OceanConnect.corn's customers repeatedly asked if OceanConnect.com could provide real-time, online credit services. Realtime, global credit insurance never existed before. It had to be invented. It is the advent of the Internet that makes it possible. OceanConnect.com CreditSolutions is a revolutionary product for the marine industry, marrying the technology of the Internet to the needs of users.
OceanConnect.com Credit Solutions acts as a revolving insurance policy for the OceanConnect.com site. Every transaction conducted on Ocean- Connect.com has the potential to be insured under the policy limits. This real-time credit product will allow buyers and sellers to take advantage of market opportunities by enabling suppliers to respond to buyers' inquiries unimpeded by credit considerations. By offering credit protection for bunker transactions closed on-site, OceanConnect.com offers its customers more value on-line than off-line, according to the company. OceanConnect.com offers actual credit protection. It is important to note, however, that OceanConnect.com is not 'offering' credit insurance to its users, rather, it has created a product that has made this insurance available to its customers.
OceanConnect.com Credit Solutions takes the form of a blanket policy (rated "A+XV" by A.M. Best Company), covering all suppliers transacting business on the OceanConnect.com site. OceanConnect.com is the policyholder and the suppliers are the insured parties.
Each vessel owner can use $1 million of transaction protection, which is insured by the third party policy.
OceanConnect.com is dedicated to developing information services and e-business instruments to increase transparency and reduce inefficiencies in the marine industry. OceanConnect.com Credit Solutions is a testament to its continuing commitment to be the Marine Industry Resource, created for the industry and by the industry.
Other stories from February 2001 issue
- Plug & Play page: 36B
- Uniservice: Innovative Product Keeps Cruise Ships Running page: 36C
- Transas Expands Capabilities page: 36G
- Kvaerner Conducts Sea Trials; Docks Out New Cruise Vessels page: 36A
- Drew Offers Electronic Steam System Monitoring page: 36H
- Crystal Cruises Signs Contract For New Ship page: 5
- Mediterranean Shipping Orders New Cruise Ship page: 5
- Two-Stroke Milestones page: 8
- Dear President Bush... Reasons for More Title XI Funding page: 11
- Real Time, On-line Credit Services Offered page: 14
- Major Ocean Carriers Partner To Launch E-Commerce Solution page: 15
- San Francisco Bay Area Company Leads in NOX Reduction page: 16
- Alabama Shipyard Signs Another Tug/Barge Contract page: 17
- Bollinger To Construct Supply Boat Trio page: 19
- Curacao Carves A Cruise Niche page: 20
- U.S. Lines' MS Patriot Challenges Cascade General page: 21
- Royal Caribbean Stock Downgraded page: 25
- ! Safe Haven1 Debate Could Have Resounding Effects page: 27
- ABS Under Fire, Fights Back page: 29
- Queen Mary 2: Cunard's Answer to Royalty on the Seas page: 30
- Kaparis Defines Safety on Cruise Ships page: 32
- The Dickinson Way page: 34
- Oceancell by GEOLINK: The First GSM Solution Via Satellite Aboard Ships page: 40
- Heroes on the High Seas page: 43
- MAVCO Onboard Explorer Of The Seas page: 49
- New Cat-Powered Tugboat Ordered As Gdansk Gears Up For Port Growth page: 58
- ARCOMS Appoints President For Subsidiary page: 61
- Grat Cruise Ships of 2000 page: 71
- The Cradle of Cruising Creativity? page: 72