Cash to Master
Example:
Cash to Master Amount: US$30,000
Service Fee: US$475
(Based on an average of 1.25%, handling fee and service fee)
Service Fee: US$198
(Flat fee, all-inclusive)
Benefits of Using Marine Online Cash to Master
Value for Money
Most affordable rate compared to others
Transparency
Visibility on all transactions with robust processes
Control
Not outsourced but in-house staff
Competitive Fixed Rate
No hidden fees, regardless of any time of the day or any day of the week
Additional Discounts
Purchase ship supplies and provisions
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 US$198, 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.
Do I have to pay a fee to apply for and use Cash to Master?
There is a flat service fee of US$198 without any other additional charges. This service fee is inclusive of launch charges as well.
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.
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 happens if the cash is not remitted 2 day before the vessel ETA?
It is recommended to remit that stated amount at least 2 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.
What currency will the cash be provided in?
This is dependent on shipowners’ requested currency.
