Anglo American to Enhance Their Trade Digitization and Risk Management Activities for Their Global Freight Operations by Appointing Chinsay for Collaborative Contract Management Services

Agreement between Anglo American and Chinsay aims to improve Anglo
American’s work flow, collaboration and productivity around Charter
Party Agreements

SINGAPORE & STOCKHOLM & LONDON–(BUSINESS WIRE)–#charterparty–Anglo American plc “Anglo American, a globally diversified mining
business has signed a deal with Chinsay to implement Chinsay’s Recap
Manager (RM) a single cloud-based SaaS system for end-to-end contract
management for Ocean Freight operations.”

Anglo American will utilise Chinsay’s Recap Manager system for creating,
reviewing and managing digital freight contracts. Anglo American’s
contract data will be hosted and protected by Chinsay, applying the
highest standards for security and integrity.

“Digitalizing our freight workflow is a strategic focus for Anglo
American. Chinsay’s independent platform will allow us to make faster
decisions with better information and manage risk more effectively
around Charter Parties,” said Peter Lye, Global Head of Shipping at
Anglo American. Peter continued, “Technology is a core focus for Anglo
American and we chose to partner with Chinsay based on their leading
technology and long track record in secure digital contract management
for the maritime freight industry.”

“We are honored to partner with Anglo American and look forward to
supporting their technology and innovation efforts,” said Dag
Sunden-Cullberg, Founder and Chief Executive Officer of Chinsay. He
continued, “Mining and commodity companies, like Anglo American, that
take advantage of secured cloud, mobile, collaborative and risk and
analytics technologies, such as those offered by Chinsay, will drive
seamless work flow and improved productivity internally and with
external counter-parties.”

“Due to continued market penetration for Chinsay and a generally
improved freight market, we expect to see a higher volume of digital
contracts through our platform compared to 2016 and are committed to
helping Anglo American and the mining industry stay ahead of the
acceleration of trade digitization” stated Colin Hayward, Managing
Director of Chinsay’s Singapore office. He continued, “An increasing
number of our clients expect their counterparties to be “digital first”
when it comes to charter parties, contracts and operational matters
related to their business and we expect this trend to continue.

Chinsay’s platforms for freight and commodities enable global businesses
to collaboratively create, review and manage their trade contracts.
Chinsay’s digital workflow unlocks efficiencies, mitigates the risk of
contractual errors while ensuring that internal and external compliance
is automatically enforced. By using digital contracts on Chinsay,
contractual data is easily visualised and analysed which enables faster
and better decision making.

About Chinsay

Chinsay is the leading cloud platform for the end-to-end administration
of contracts in the multi-trillion dollar global commodities and freight
markets. With offices in Sweden and Singapore, Chinsay provides
Software-as-a-Service contract and risk management solutions that enable
its customers to enforce compliance, save time and provide insight to
their trading process. Chinsay is fully independent and has a +10-year
track record of supporting multinational corporations, brokers, and
commodity traders in over 40 countries.

For more information, visit https://www.chinsay.com

Contacts

Chinsay
Singapore Office
Margaret
Cheng, +65 3158 2168
Marketing Manager
Mobile : +65 9274 9515
[email protected]
or
Stockholm
Office
Carsten Leth, +46 8 1213 2619
Chief Operating
Officer
Mobile : +46 72 719 6659
[email protected]