INDUSTRIES → FREIGHT AND LOGISTICS
FRTFREIGHT · INSTRUCTIONS WHEN THE CONTAINER CANNOT WAIT
Demurrage does not wait for a correspondent bank's cut-off.
Freight and logistics payments lose money by the hour when an instruction sits on a sending schedule. Instructions are accepted 24/7; settlement still follows the receiving rail's operating hours.
USD→SGDUSD→AEDEUR→USDAGENT PAY
TRADE CYCLE CONSOLE · FREIGHT AND LOGISTICSAUTO CYCLING
STEP 01
Booking confirmed
Route, agent and charge types decide who must be paid and in which market.
RAILNONE
MONEYNO MOVEMENT
PROOF PRODUCEDBOOKING
IF IT GOES WRONG HERE
Paying the wrong agent entity is a common demurrage accelerant.
RAIL REFERENCE
The corridors this profile runs.
CORRIDORRAILTYPICAL USE
USD→SGDLOCAL RAIL · BY CORRIDORDemurrage, freight and agent payments that cannot wait on a chain.
USD→AEDLOCAL RAIL · BY CORRIDORDemurrage, freight and agent payments that cannot wait on a chain.
EUR→USDLOCAL RAIL · BY CORRIDORDemurrage, freight and agent payments that cannot wait on a chain.
Sectors in this profile.
01 SECTORSWhere this profile usually lands.
Compare all four tiers →BUSINESSUSD 100 / moUSD 250K to 800KBUSINESS PLUSUSD 300 / moUSD 800K to 1.33MTREASURYUSD 500 / moUSD 1.33M and aboveINSTITUTIONALBy structureBanks, MSBs and FMSBs, remittance and FX firms, CFD brokers
Most freight operators with recurring agent pay sit on Business Plus or Treasury. Annual billing covers twelve months for the price of ten.
What we ask this profile for.
STEP 01 · ON APPLICATIONEntity and ownershipIncorporation documents, directors and beneficial owners with identification.
STEP 02 · WITH SPECIALISTTrade profilePrincipal suppliers or buyers, countries, expected annual volume and currency pairs.
STEP 03 · WITH SPECIALISTSupporting documentsSample purchase orders, commercial invoices and bills of lading from recent shipments.
STEP 04 · AFTER APPROVALAccounts openedLocal Business Accounts issued in the currencies your counterparties invoice or pay in.
FREIGHT QUESTIONS
Asked on this profile.
Can we pay a supplier who only accepts a domestic transfer in their own country?That is the point of a Local Business Account. Where we hold the rail, the payment arrives as a domestic transfer with your reference on it.
What happens when a supplier says the payment is short?Treasury identifies where the deduction was taken against the instructed amount and reconciles the difference. You get the rail reference to send back to them.
Do you hold funds between the deposit and the balance payment?Yes. Funds sit in your Local Business Account until you instruct. Balances are safeguarded and are not deposits, so they are not covered by deposit insurance.
Is there a cut-off for sending a payment?Instructions are accepted 24/7 with no cut-off. Settlement follows the receiving rail's operating schedule.
Send us one demurrage day. We will show you where the instruction waited.
Applications open to businesses moving $1M or more a year. A named specialist reviews your corridors and counterparties before accounts are issued.