Cash To Master

Fair Price and Flexible Services

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BALANCIA Ship Agency

At Balancia, our Husbandry services go beyond mere port call formalities. We understand that when a vessel docks, the needs are multifaceted — from the timely delivery of ship spares, provisions, and bunker fuel to the welfare of its crew. With our expansive local knowledge and a network of trusted suppliers, we ensure your ship’s requirements are catered to with the utmost efficiency. Whether crew transfers, medical emergencies, or cash-to-master deliveries, we handle it all with precision and care. Our dedicated team remains on standby, ensuring prompt responses and solutions tailored to each vessel’s unique needs. With Balancia overseeing your Husbandry needs, rest assured your vessel is in expert hands.

Service Location

  • Batam, Riau Islands, Indonesia
  • Dumai, Riau Islands, Indonesia
  • Balikpapan, East Kalimantan, Indonesia
  • Tanjung Bara, East Kalimantan, Indonesia
  • Muara Berau, East Kalimantan, Indonesia
  • Bunati, South Kalimantan, Indonesia
  • Taboneo, South Kalimantan, Indonesia
  • Morowali, Central Sulawesi, Indonesia
  • Tanjung Perak, Surabaya, Indonesia
  • Tanjung Priok, Jakarta, Indonesia
  • Belawan, North Sumatra, Indonesia
  • Merak, Banten, Indonesia

What Is Cash To Master ?

cash to master

Cash to Master (CTM) is a crucial financial service provided to ships while they are in port. It involves delivering funds directly to the ship’s master or captain to cover various petty cash expenses during the vessel’s stay in the port. The amount of cash transferred depends on the ship’s needs and the duration of the port stay. CTM services are typically availed to facilitate payments for provisions, minor repairs, crew welfare, port fees, and other miscellaneous expenses.

The Benefits of Cash To Master

  • Efficient Financial Support: CTM ensures the availability of immediate funds, streamlining the ship’s operations during its time in port.
  • Convenience for Ship’s Master: By receiving cash on board, the ship’s master can quickly address small expenses without the need for external transactions.
  • Provision Procurement: CTM allows the purchase of provisions such as food, fuel, and water, ensuring the crew’s needs are met during the port stay.
  • Crew Welfare: The funds obtained through CTM can be used to provide welfare support to the crew, enhancing their well-being and morale.
  • Swift Port Transactions: Cash to Master expedites payment of various port-related fees and services, ensuring a smooth port visit.
  • Flexibility in Expenses: Ship managers can tailor the cash amount provided to suit the specific requirements of each port visit.
  • Security Measures: CTM services are managed with security protocols to safeguard the transfer of funds on board.
  • Proactive Financial Planning: Ship managers coordinate CTM services to ensure sufficient funds are available for all anticipated expenses.
  • Documentation and Accountability: All CTM transactions are recorded and documented to maintain financial accountability.
  • Compliance with Regulations: CTM transactions must adhere to local regulations and customs requirements in each port of call.

In summary, Cash to Master services play a vital role in providing financial support to ships during their port stays. It ensures the smooth functioning of vessel operations and crew welfare while adhering to financial regulations and security measures.

We Always Focus On Effectiveness And Eficiency

We’re very adaptive for changes and suggestions. Contact us if you need tailored service. For default these are our Service Process

1.

Pre-plan

Anticipate cash needs and plan the amount required for each port visit in advance.

2.

Secure and Reliable

Use trusted and secure channels for cash delivery to the ship’s master.

3.

Communication

Ensure seamless communication between ship management, port agents, and the ship’s master regarding the cash requirements.

4.

Documentation

Maintain accurate records and documentation for all cash to master transactions to ensure transparency and accountability.

5.

Optimized

Tailor the cash amount based on the specific needs of the port visit to avoid excess or insufficient funds.

6.

Reconciliation

Conduct timely reconciliation of expenses to manage cash flow effectively and avoid discrepancies.

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