New York Shipping Exchange is a digital contracting platform that offers standardized freight contracts for global container shipping, facilitating freight financing and settlement through selected banks, and maintaining the standard form contracts used by the industry. The platform enables global shippers and carriers to access a standardized over-the-counter exchange for entering enforceable freight contracts in a hassle-free manner, solving inefficiencies associated with booking downfalls and shipment rolling. The company aims to eliminate the distrust between shippers and carriers that has been created by the lack of accountability in ocean contracts. With transformative technology, NYSHEX unites shippers, carriers, and NVOCCs through a digital platform that improves contract performance, strengthens relationships, and reduces manual workload.