International Materials: Streamlining operations with Sea’s Contract Management solution

International Materials (IMI), a premier international trading and logistics provider based in the United States, is one of the leading independent bulk raw material trading companies in the world. Handling an annual volume of approximately 30 million metric tonnes and overseeing around 1,000 shipments each year, IMI recognised the need to streamline operations and improve governance in charterparty management.

To address these needs, IMI chose Contract Management, a digital solution by Sea designed for comprehensive contract management. The decision to adopt Sea’s platform was motivated by several key objectives:

1. Centralised repository of all company charterparties: IMI sought a unified system where all charterparties could be stored, accessed, and managed from a single platform. This would eliminate the inefficiencies and risks associated with scattered and siloed documents.
2. Seamless approval and signature process: The traditional method of obtaining approvals and signatures for charterparties was cumbersome and time-consuming. By implementing Contract Management, IMI aimed to simplify this process, allowing for faster turnaround times and reducing delays in shipping operations.
3. Control terms and improve governance: Ensuring that all contracts complied with company policies and governance standards was critical for IMI. Creating a stronger sense of governance around version control was equally key. The Sea platform provided the tools to maintain control over contract terms, enhancing compliance and minimising risks.

The implementation of Contract Management with Sea marked a significant milestone for IMI. The platform’s advanced features and user-friendly interface enabled the company to easily streamline its operations and reduce administrative burdens. Being able to tap into the strong existing ecosystem of brokers and business partners allowed for a seamless onboarding process as well.

Aidan O’Reilly, Head of Shipping at IMI, says “Sea Contract Management has significantly improved the way we manage and approve our contracts, enhancing overall efficiency and governance. We are very satisfied with the positive impact it’s had on our operations.”

With Contract Management, IMI continues to uphold its commitment to excellence and innovation in the competitive world of international shipping, setting a new standard for operational efficiency and governance in the industry.

Learn more about our Contract Management solution and how it can streamline your maritime operations.