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
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