Financial Services

A trusted system for enforceable contracts with collateral

If your contract includes a security deposit, NYSHEX can act as a neutral party between shipper and carrier to hold security and transfer penalties in a seamless and timely manner.

Simplify The Management of Security Deposits

Enhanced Trust

Shippers and Carriers trust NYSHEX as a neutral third-party to hold security deposits and distribute penalties according to contract performance.

Improved Performance

Carriers and shippers can agree to utilize security deposits as an increased incentive to deliver strong contract performance.

Complete Transparency

For commercial agreements that include deposits, NYSHEX provides transparency into the process of calculating and distributing penalty payments.

NYSHEX can independently hold security to provide greater incentive for all parties to fulfill their obligations.

Security Deposit Management

NYSHEX holds the agreed-upon security deposit in a separate non-operating account. In the event the shipper or carrier fails to pay penalties or liquidated damages, then NYSHEX may use the security deposit to distribute the penalty payments directly.

Contract Penalty Statement Creation

NYSHEX stores a historical record of exceptions to support statement creation. Review and dispute statements for defaults on your contract all in one place. Get clear visibility into the reasons for penalties and how much is owed in penalties.

Why use NYSHEX

carriers

Optimize Your Network

Improve vessel utilization with fewer no-shows, and better plan service networks based on reliable cargo flows.

Increase Internal Efficiencies

Reduce time spent by commercial and customer experience teams pulling reports and fact-finding.

Deliver an Improved Experience

Create transparency, foster corrective action, and allow for quick and seamless resolution with customers.

shippers

Supply Chain Reliability

Ship with confidence knowing that the NYSHEX for Shippers platform will allow you to actively manage and improve your contract fulfillment.

More Predictable Costs

Avoid having to place multiple bookings with backup carriers at higher freight rates, carry excess inventory, or even worse, lose out on sales.

Improve Efficiency

Eliminate the need for manual data aggregation across multiple sources and instead leverage direct data feeds into one easy-to-use application.