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Cash to Master
Example:
Cash to Master Amount: USD 20,000
Service Fee: USD 550
(Base on 2% of Handling Fee and Launch boat)
Service Fee: USD 368
(Inclusive Bank Withdrawal fees, Insurance and deliver onboard by Boarding Officer）
Benefits of Using Marine Online Cash to Master
Value for Money
Provides competitive rates with NO hidden fees
Transparency
Visibility on All transactions with robust process with fees structure breakdown
Safe and reliable
Boarding Officer deliver the cash upon vessel arrival, not outsourced but in-house staff
Additional Discounts
Rates to be further reduces upon purchase of ship stores
How it Works
APPLICATION
Apply Cash to Master online and we will contact you upon receiving your order.
REMITTANCE
Email us the remittance advice once it is done.
CONFIRMATION
We will confirm required denomination with Master.
DELIVERY
Cash delivered onboard.
When arriving at a new port, one of the most important things a crew requires is money. Shipowners will have to obtain the local currency using a Cash to Master service. Marine Online now offers a Cash to Master service for shipowners at an extremely attractive price, without any sort of hidden fees.
Traditionally, service providers will charge a fee based on a percentage of cash exchanged. This would mean that the higher the amount of money exchanged, the higher the fee you have to pay to the Cash To Master service provider. However, with Marine Online, customers only need to pay a flat fee of USD198, regardless of the amount of money exchanged. This will lead to great savings, especially when exchanging large sums of money.
Who can apply for Cash to Master?
All shipowners and ship management companies are eligible to apply for Cash to Master.
What happens if the vessel did not call port to receive the cash?
Marine Online will return the Cash to Master principal amount to shipowner, excluding bank charges.
What happens if the cash is not remitted 4 days before the vessel ETA?
It is recommended to remit that stated amount at least 4 workings day prior to vessel’s arrival date. Any late remittance will result in late or failure of delivery and Marine Online will not be liable for this case.
Do I have to pay a fee to apply for and use Cash to Master?
There is a flat service fee depending on the CTM amount.
CTM USD 20,000 - FEES USD 368,
CTM USD 30,000 - FEES USD 468,
CTM USD 40,000 - FEES USD 568,
CTM USD 50,000 - FEES USD 598
Which countries are Cash to Master available in?
Cash to Master is currently available in Singapore. More countries will be included in the near future.
What currency will the cash be provided in?
This is dependent on shipowners’ requested currency.
