Founded in 2015, NYSHEX is a digital trading platform, which enables shippers and ocean carriers to enter into digital forward contracts. The Company has developed a standardized contract template that can be used by both parties. NYSHEX provides shippers and carriers with an independent monitoring service to ensure compliance with the terms of the transaction, issue determinations of fault, and facilitate collection of payment or liquidated damages when appropriate. The Company ensures guaranteed rates and space allocation from six of the top ten global carriers, which drastically increases contract reliability between both parties. The platform also offers real-time data analytics, allowing shippers to view and monitor all outstanding contracts from various carriers on a single platform.