Through its platform Mercurion offers easy access to a secure payment service for buyers and sellers, whether importers or exporters. This digitalised Escrow service is executed by Baltic Exchange. A digitalised Escrow service is easier to access, reducing cost by eliminating needless bureaucracy typically involved with traditional trade security products offered by banks, such as Letters of Credit. The result is a service that can efficiently cater for smaller as well as larger consignments, shipped by ocean container, air or truck.

The extent of the bureaucracy involved in traditional banking products is such that it can discourage parties from completing the required processes, or even sway them to decline potential business altogether. Additional complications can arise when attempting to mitigate financial weakness of an issuing bank, leaving aside the conditionality contained in the document itself potentially making it unenforceable. The Escrow service is hence simpler and safer.

As a highly trusted and respected institution Baltic Exchange facilitates an alternative way to settle payments against delivery of goods purchased as soon as both parties have performed in line with the transaction entered on the Mercurion platform. Parties can be confident that their interests are well protected.