Pricing, liquidity, and resolution.
Riffington operates as a confidential clearing principal for demurrage, detention, terminal storage, and related maritime charge portfolios. The firm prices documented exposure, provides liquidity on a true-sale and non-recourse basis, and carries assigned matters to resolution through retained maritime counsel.
Mutual NDA
Before any non-redacted documentation is exchanged, the firm and the prospective counterparty execute a mutual non-disclosure agreement. Riffington's standard form is provided on request; counterparty forms are reviewed.
Submission
A redacted portfolio or charge schedule is provided to the firm.
Review
The firm prices the portfolio against face value, age, documentation, jurisdictional posture, and counterparty profile, and responds with an indicative range — generally within three business days. Offers are funded from the firm's own balance sheet.
Resolution
On acceptance, an Assignment of Claims is executed. Title transfers to Riffington as a true sale; non-payment risk transfers to the firm subject to the counterparty's limited representations and warranties. Cash is wired. The firm then carries the matter to finality through retained maritime counsel.
For documented demurrage and detention portfolios under eighteen months old, indicative advances generally range from 35% to 55% of face value, subject to documentation and jurisdiction review. Older or thinly documented files price lower. Firm offers follow diligence.
Qualified counterparties may request the diligence packet (capital source, counsel framework, anonymized closing statements, and references) by emailing engagement@riffington.com with the subject line Diligence Packet.