This week Shipnext announced that it will enhance its service by connecting its shipping platform with the Mercurion trade security platform. As a result, Shipnext users can settle payments safely and securely using Mercurion’s digitalised escrow process. This digital process will considerably simplify settlement between parties transacting on Shipnext. By using the new option shippers, brokers and carriers will benefit from accurate, secure and fast settlement of fees, commissions and/or freight. It will reduce the administrative burden in respect of outstanding balances and unpaid invoices. In addition, the platform’s interface comprises a dashboard which allows all parties to monitor the status of any outstanding trade including a ‘track and trace’ of goods in transit.

‘The innovation of freight transactions has always been the main goal of Shipnext. Adding technology providers such as Mercurion is a logical step.’ (Alexander Varvarenko, CEO of Shipnext)

About Shipnext (www.shipnext.com)

Shipnext offers a leading Shipping Platform, that facilitates emailing, freight-matching, freight-search, contract management, trade and automation of workflows with the help of machine learning and AI. The platform is used for freight transactions, from which all the parties regardless of their trade (wet-bulk, dry-bulk, breakbulk or containerized) and their business model (carriers, brokers, traders, shippers or shipping companies) benefit.

About Mercurion Trade Services (www.mercuriontrade.com)

The Mercurion ‘Trade Security Platform’ offers buyers and sellers equal protection and secure settlement via a digitalised escrow process. It replaces the need for the traditional letter of credit or other forms of security.  The platform offers both parties the highest security at the lowest cost in real time. In addition, the platform’s interface comprises a dashboard which allows all parties to monitor the status of any outstanding trade including a ‘track and trace’ of goods in transit.