Letter of Indemnity Management demo
Cargoes released without original bills tracked for trade finance until the indemnity closes, with who holds the bills and where cover falls short. 1:19
What the demo shows
Tracks every cargo released without original bills until the indemnity is safely closed.
Agents read every indemnity, place the original bills from bank messages and receipts, lay given beside received, gather everything open with one counterparty, draft chases and check the evidence to close. An analyst proposes, credit decides, counsel rules on wording, and nothing closes without the full set of bills and a written release.
Transcript
- Letter of Indemnity Management tracks cargoes released without their bills for trade finance desks.
- One reported case. A court ordered a shipowner to pay a bank $39.4 million.
- The bill's relay holds 186 open cargos for $0.6 billion.
- M.T. Ebermore, 61 days out.
- Talmore gave 200%, Carragate 100 no bank.
- $74.5, $2 million short.
- Three credit signals. The agents gather all nine Carragate cargos.
- A new Carragate release could still go today, so Uma Uppel proposes a stop.
- Jonah Wachura, credit manager, reads both letters on four sample cargos, then signs.
- That new release now stops.
- Two people decide, counsel rules on wording, and the trail records who opened what.
- Result, all nine in view, one sign stop, no closure without the bills.
- Built on Botminds: agents, data, screens, and governance on one platform.
Transcribed from the film’s narration. Captions are on the player.