Cash to Master|Money on board | Marine Financing Facilities|Marine Online

Example:

Cash to Master Amount: USD 20,000

Other Providers

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.

More information about our cash to master services

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.

Why choose Marine Online over other providers?

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.

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Bunker price was reduced by 5% with Marine Online’s Bunkering Group Buy
14 May 2020 – The growing maritime e-commerce platform, Marine Online based in Singapore, has organized a “Bunkering Group Buy” campaign for shipowners that aim to reduce bunkering cost, up to 5%. In light of the Covid-19 situation that has affected businesses all over the world, Marine Online’s CEO, Mr. …
MOL Offers Free Port Agency Services and Lowest Rate on Crew Change to Aid Shipowners
Marine Online is now offering free Port Agency Services and lowest rate on Crew Change. To find out more, email to customercare@marineonline.com Singapore, 15 June 2020 – Marine Online (MOL) had successfully launched its full-fledged port coverage and agency services. Equipped with a strong alliance of over 200 port agencies covering …
Marine Online signs strategic agreement with GeTS
SINGAPORE, August 27, 2020 – Marine Online, an emerging maritime eCommerce platform, today announced that it has signed a strategic agreement with GeTS (Global eTrade Services), a global trade platform company under CrimsonLogic, to expand its suite of services. Through this agreement, Marine Online and GeTS will collaborate to better …
Frequently Asked Questions

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.

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