The ESS-Databridge™ provides substantial costs savings for all trade participant Users. For example:

Shipowners benefit from: improved vessel turnover because of faster document processing, which minimizes the time spent at the load port dealing with documentation and delays at discharge port awaiting documentation; and reduced outstanding freight where freight is paid on receipt of documentation by the shipper/charterer;

Cargo Owners and Traders benefit from the elimination of the costs associated with purchasing a bank guarantee for an LOI; reduction in the time trade credit facilities are tied up as collateral, through the receipt of original documentation which in turn allows the cancellation of letters of indemnity (LOIs) or letters of credit (L/Cs) more quickly; reduction in the time cargo is held at discharge ports while waiting for original documentation or while the terms of an LOI are negotiated;

Banks benefit from improved operational efficiency, transparency and security in handling of trading documents and L/Cs an increase in the amount of L/C fees earned per credit facility, as a result of the increased turnover of credit facilities;

Terminals benefit from significantly improved document creation processes, reducing the time and effort involved in preparing original documentation.