Strategic launch TankerIMX - on time

London, August 17th, 2001

Strategic Software Ltd. has unveiled a new generation of the company's internet-based shipping support tools. Built on the StrategicIMX positions and cargo order exchange, launched in November last year, TankerIMX is specially designed to support and streamline the communications flow in connection with the chartering and operations of tankers.

TankerIMX has been created by Strategic with support from three leading tanker brokerage houses -Dietze & Associates, McQuilling Brokerage and Charles R. Weber. Combining the extensive industry expertise of the three brokerage companies with Strategic's 20 years track record in developing shipping software and databases, release 1.0 of TankerIMX was developed in less than six months, delivered on time and within budget.

TankerIMX simplifies the management of ships positions and cargo orders, reducing time spent on collating positions lists and cargo orders and communicating such reports to counter parties. The user-friendly and simple-to-use TankerIMX eliminates repetitive manual processes and reduces paperwork through collaborative sharing of voyage data in a private and confidential environment.

Users of Strategic and Dataworks positions databases are offered a smooth migration path to process efficiencies offered by internet-based data communication. TankerIMX release 1.0 is the only community platform for the tanker-chartering sector to offer users the option to seamlessly exchange positions between client server systems. At a moderate subscription fee, users who require only the ability to exchange vessel positions and cargo orders with defined counter parties, are able to improve communications flows without changing to a new technology platform.

Dietze, McQuilling and Weber said in a joint statement: "The shipping industry has long represented a deep reservoir of potential for work process improvement in the areas of data, document and information management and exchange. Only recently, however, has the technology of the internet arrived at a place where realization of this potential is within the reach of many. Wise application of the internet by those intimately familiar with the industry, its players and work processes is critical to successfully integrating web-based connectivity and achieving real cost and timesavings."

"Through the efforts of many, the TankerIMX product being created by Strategic is a robust collection of tools for our industry - Charterers, Owners, Brokers, Agents, Inspectors… - designed by players in our industry, that target those areas where great productivity gains can be achieved through the intelligent use of web-based technology. These tools have been designed to support the way business is conducted today and to facilitate evolving business processes going forward. The business model behind TankerIMX is refreshingly simple: Buy a subscription, use the system. Period"

TankerIMX's Post-Fixture functionality will be released later this year, allowing charterers, owners, brokers, agents, inspectors and other parties to a tanker voyage the ability to capture data at source. The sharing of voyage data in real time will enable better vessel tracking, optimise terminal planning and improve document management.

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