Sea, Pole Star Global Collaborate to Manage Evolving Regulations
Sea, the intelligent marketplace for fixing freight, and Pole Star Global, the maritime compliance authority behind PurpleTRAC, have together transformed how charterers, compliance teams, and legal administrators manage regulatory risk.
Now fully integrated, Sea’s Recap Manager, a solution for recap and contract management, and PurpleTRAC’s sanctions screening and vessel monitoring solution are powering a smarter, faster, and more secure approach to fixing freight in the tanker market. With 100% screening certainty, every vessel that is entered in Recap Manager is automatically vetted. Chartering teams have benefitted from a significant reduction in vessel screening and clearance time.
Global regimes including OFAC, EU sanctions, and other jurisdictional mandates are continually evolving, creating a complex regulatory environment that is difficult to navigate manually. PurpleTRAC has processed over 4 million screening requests and generated over 450,000 alerts, a figure that continues to climb year-on year.
Charterers and compliance managers no longer need to rely on disconnected systems, fragmented workflows or manual checks. Through this integration:
- Vessel details entered into Recap Manager are automatically screened when a fixture is on subjects
- If a vessel is flagged on customizable parameters including vessel ownership, management, dark patterns, port state control and suspicious behavior, compliance teams are immediately notified with full context and control
- Once approved and cleared, the chartering process continues seamlessly through to fixing
- Every action is tracked via a comprehensive audit trail, enabling transparency and accountability across teams
By centralizing workflows and aligning compliance, this partnership reduces operational risk, improves collaboration, and enables faster decisions, while ensuring adherence to the latest regulations.