Ferrexpo Chooses ChinsayÔÇÖs Recap Manager to Further Optimise their Global Freight Operations around Digital Contract Management Services

• Partnership to support FerrexpoÔÇÖs strategy to further optimize and
  ensure governance around operations, logistics and risk management
  activities
• Agreement between Ferrexpo and Chinsay aims to support FerrexpoÔÇÖs
  work flow, collaboration and productivity around charter party
  agreements

SINGAPORE–(BUSINESS WIRE)–Ferrexpo which is a London Stock Exchange listed iron ore company with
assets in Ukraine, has signed an agreement with Chinsay, the market
leader in dry bulk freight software, to implement ChinsayÔÇÖs Recap
Manager (RM) a single cloud-based SaaS system for end-to-end contract
management and counter-party collaboration tool for their Ocean Freight
operations.

Michael Gardiner, Global Freight Manager stated, ÔÇ£With operations
across the globe, we view Chinsay as an efficient and critical tool to
ensure we achieve operational excellence in our contract operations. We
look forward to working with their friendly team of experts to explore
how we can unlock further value from our contract data to drive better
decision making across our business.ÔÇØ

Ferrexpo will use ChinsayÔÇÖs Recap Manager for managing digital freight
contracts across their offices around the world. Ferrexpo will be able
to create, edit, review and share contract information both internally
and externally via ChinsayÔÇÖs Recap Manager. The Chinsay platform will
enable Ferrexpo to significantly reduce the time to finalise all their
charter party work and minimise the potential for contractual errors
with risk and compliance oversight.

ÔÇ£We are excited to partner with Ferrexpo and support their team with our
technology,ÔÇØ said Dag Sund├®n-Cullberg, Founder and Chief Executive
Officer of Chinsay. He continued, ÔÇ£We have provided contract management
services for the iron ore sector for over a decade and will be able to
provide Ferrexpo with market best practices by using our secure cloud
based collaborative platform to help identify and manage risk and use
analytics technologies to enhance their performance.ÔÇØ

ÔÇ£Our expanding client base is providing positive network effects for
users of Chinsay and enabling further ÔÇ£digitalisation at originÔÇØ with
respect to charter-party generation. We are experiencing a significant
increase in digital contracts coming through our system and expect this
trend to continue,ÔÇØ stated Colin Hayward, Managing Director of ChinsayÔÇÖs
Singapore office. He continued, ÔÇ£Our entry into the commodities market
with our Commodity Contract Manager will allow these positive benefits
to reach an expanded and diversified set of companies trading in a
variety of markets, such as metals, agriculture and mining.ÔÇØ

ChinsayÔÇÖs platforms for freight and commodities enable global businesses
to collaboratively create, review and manage their trade contracts.
ChinsayÔÇÖs digital workflow unlocks efficiencies and 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 drafting,
issuance and 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 http://www.chinsay.com.

Contacts

Media
Singapore and Stockholm:
Colin Hayward ÔÇô MD Chinsay
Singapore office (Singapore)
[email protected]
or
Carsten
Leth ÔÇô COO (Stockholm)
[email protected]