The startup offers demurrage software and freight analytics tailored for maritime transportation and commodity trading, enabling businesses to track and analyze cargo handling delays. This technology reduces costs associated with demurrage fees and enhances logistics efficiency through data-driven insights.
Funding
$1.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Maritime transportation and commodity trading companies face challenges in accurately tracking and analyzing cargo handling delays, leading to increased demurrage costs and reduced logistics efficiency. The manual review of cargo documents in non-standard formats is time-consuming and prone to errors, hindering the fast and accurate settlement of demurrage claims.
Solution
Burmester-Vogel (BV) offers an AI-powered Demurrage Copilot Platform that automates the demurrage claim process, enabling faster analysis and settlement of claims. The platform digitizes and standardizes key cargo documents, automatically calculates laytime, and provides AI-driven auditing tools for side-by-side comparisons of laytime statements. With dashboard-level visibility of demurrage status, risk, and exposure, BV's platform streamlines existing demurrage workflows, reduces turnaround time, and improves accuracy in claim settlements. The platform leverages decades of industry experience combined with artificial intelligence and machine learning technology to deliver functionality, speed, and ease of use.
Target Audience
The primary target audience includes commodity traders, industrial producers, bulk terminals, shipowners, shipbrokers, and port agents involved in maritime transportation and commodity trading.
Features
- Demurrage AI Copilot Platform combining document import, digitization, processing, laytime calculation, and AI audit tools
- Proprietary OCR, AI, and machine learning technologies to digitize SOFs and automatically recommend exceptions to laytime
- Laytime Calculator built on decades of data and client feedback
- AI Audit Copilot for side-by-side comparison of laytime statements from any source
- Laytime Tracker for visibility and collaboration in demurrage book at the vessel, cargo, and trade level
- Dashboard-level visibility of demurrage status, risk, and exposure
- Integration with existing demurrage workflows