

Online Tool Rescues Maritime Academy from Sea of Paperwork
5/2/05
NEW HAVEN - A new online service called ONEtoolSM from Secured Marine Trust, LLC, a marine software and data management services company, is helping users such as the Massachusetts Maritime Academy (MMA)
which depends on boat donations to train students, reduce the time it takes to process a donated vessel, while reaching substantially more potential boat donors through a network of 350 brokers nationwide.
The ONEtool system has been employed to manage the donation process for yachts and boats, which are used to train seamanship, boat handling, maintenance and piloting and also serve as recreational platforms
for MMA cadets. According to Secured Marine Trust, ONEtool eliminates repetitive steps that can cause errors and delays. For instance, to execute a purchase-and-sale agreement or central listing agreement,
ONEtool's Vessel TrackSM quickly executes a one-click transfer of the vessel information from the U.S. Coast Guard database of documented vessels. A form ready for signature can be prepared within minutes,
then easily printed, e-mailed or faxed. The information is entered just once and saved into a secure database.
©2005 Business New Haven

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