Key Benefits for Traders
US Bank guarantees the physical supplier and the trader payment of their margin and collects the payment off the shipping company on the 21st day of the month following the transaction.
Transactions done on the Voyager trader platform are based on the credit of the end user, the shipping company, not the trader, allowing the trader to do transactions without using or risking any of their own financial resources. This allows the trader to do more business without having to increase their financial resources, or to do the same amount of business while using less financial capital.
US Bank is one of the largest banks in the USA with assets of approximately $250billion and currently has the highest rating of any American bank with a AA3 rating. US Bank can provide qualifying bunker buyers with significant lines of credit enabling them to do as much buying using the Voyager system as they choose to.
US Bank pays the physical supplier for the fuel and the trader their margin 10 days after the fueling and after a successful fuel test has been received speeding up the cash conversion cycle
Voyager offers buyers 36 days credit on average in an environment of reducing credit terms, so your buyer will benefit from extended credit terms while you collect your margin in 10 days.
