DIABOS manages cross border payments to agents/vendors and reconciliation of accounts pertaining to port costs, at a nominal fee per port call.
Your money is securely managed through a ‘Purpose Trust Account’. While you maintain direct access to the account for verification and audit purposes, the account can only be used for payments due to agents.
* The account is held in Trust’ which means that the money belongs to you even in the event of financial claims against DIABOS or its other customers, or in the event of DIABOS going bankrupt.
Our Cash Management Service procedure undergoes regular System Controls and Process audits by KPMG in order to confirm our compliance with ISAE 3402/SSAE 16 SOC 1 (US SOC and European international standards required for a service provider to stock listed companies).
Competitive Exchange Rates
No Transaction Fee /Bank Charges
Time Saving For Accounts Team
Secure & Reliable
You benefit from our processes and controls that are ISO 9001:2008 (Quality Management System) certified and fully compliant with ISAE 3402/SSAE 16 SOC 1 (US SOC and European international standards required for a service provider to stock-listed companies).
*** DIABOS does not involve treasury operations. We maintain complete transparency in accounting to avoid the risks of exchange rate fluctuations for ourselves as well as our clients.
Using Diabos is easy.
DIABOS Cash Management Service manages payments to agents/vendors and reconciliation of accounts pertaining to disbursements, including recovery of balance from the agents. Cash Management is designed to assist ship owners and operators in managing disbursement payments to agents and vendors worldwide.
Competitive exchange rates for over 130 local currencies, automated SWIFT copies, security, sanction, compliance checks on each remittance, Eliminates bank charges of 1-5% per DA plus 1-5% in hidden FX arbitrage by port agents which assists our customers to closely monitor savings and the system enables a seamless recovery where applicable.