AS the maritime industry evolves, so do the complexities and demands of disbursement account management.

The newly launched OneCape DA provides a fresh approach that manages these challenges and enhances operational efficiency, financial transparency, and compliance.

Inchcape Shipping Services’ specialised solution addresses the unique needs of our clients and the wider industry. While Inchcape is known globally for its comprehensive port agency services, we identified a need in the market for a dedicated and fully independent disbursement account (DA) management service that was founded on maritime knowledge.

Managing DAs involves managing numerous financial transactions, complying with varying international regulations, and maintaining the highest levels of transparency across all operations. At Inchcape, we’ve dealt with these challenges for decades and designed our OneCape DA service to meet them head-on. Our approach is built on three core principles: innovation, expertise, and partnership.

Innovation at the core

Technology plays a critical role in delivering OneCape DA. We leverage digital solutions to streamline our DA management processes and maximise efficiency. Interoperability is key. Our platform integrates seamlessly with existing customer systems, providing real-time insights and enhancing data accuracy. This digital-first approach reduces manual processes and mitigates the risks associated with alternative methods, ensuring that all financial transactions are accurate, timely, and compliant with international regulations.

Expertise you can trust

OneCape DA’s customers benefit from our team’s extensive industry knowledge and global reach — something we believe provides a unique advantage over our competitors. With a physical presence in sixty countries, covering 85% of the world’s ports, OneCape DA and the wider Inchcape team bring unparalleled local expertise to every port call. Our extensive experience in maritime operations allows us to anticipate and address potential challenges in ways that others simply cannot, ensuring the DA process does not impede the port call.

Our rigorous audit process is at the heart of OneCape DA’s proposition. We conduct comprehensive audits of PDAs and FDAs to ensure that our clients only pay what is necessary. This meticulous process safeguards against overcharges and provides clients with peace of mind, knowing their financial interests are protected.

Partnership and collaboration

At OneCape DA, we view ourselves as a strategic partner dedicated to our client’s success. We work closely with our customers to understand their unique needs and tailor our solutions accordingly. This collaborative and flexible approach ensures that our services are effective and aligned with our client’s business goals.

Our commitment to partnership also extends beyond DA management. We offer comprehensive support, including cost optimisation strategies, vendor management, and regulatory compliance. 

Bottom line benefits

OneCape DA extends beyond digital solutions. Our service is enriched by Inchcape’s global presence, with expert teams stationed worldwide providing locally relevant insights and support. If issues arise in port, we will address them.

When handling disbursement accounts, we address all parties’ specific needs. For instance, we can optimise and improve financial operations by enhancing working capital, reducing unnecessary processes and expenses, and mitigating unforeseen or uncommon risks. Thus, we empower our clients to drive success and enhance their bottom line across every port call.

In an industry where compliance is paramount, OneCape DA stands out with its robust compliance framework. We stay ahead of regulatory changes and ensure that all operations adhere to the latest international and local regulations. This proactive approach minimises risk and enhances trust among our clients. 

Closing thoughts

The maritime industry is evolving, and so are the demands of managing disbursement accounts. OneCape DA is at the forefront of this evolution, designed to offer innovative, expert-driven solutions that simplify DA management and enhance operational efficiency.

If you would like to speak to one of our OneCape DA team members about improving your disbursement accounts, please get in touch with either Imran Vohra, VP of Hub Operations and DA Management, imran.vohra@iss-shipping.com or enquiries@iss-shipping.com, or visit www.iss-shipping.com