Contract OS for commodity trade
The quay for global
commodity trade.
quay /kiː/
Contract, share, sign and track multi-party commodity deals on one dock — from quote to settlement. Built for desks closing million-dollar trades over PDF and email today.
First pilot programs starting Q4 2026. Grain, metals, and energy desks. EU and MENA priority.
$5.4T
annual commodity trade. Most still contracted in Word and email.
8–14
days from quote to signed contract. Industry benchmark.
$54B
lost yearly to contract disputes. Industry legal counsel estimate.
Commodity desks run on instinct, relationships, and forwarded PDFs.
The contract layer hasn't been rebuilt for digital since fax replaced telex.
One dock. Full lifecycle.
01 — DRAFT
Card-based deal editor
Pre-built templates for GAFTA 49, FOSFA 54, LME warrants, and Incoterms 2020. Quality clauses, demurrage tables, and arbitration boilerplate already drafted. Build a contract in minutes, not hours.
02 — SHARE
Scoped external access
Send a scoped link to your counterparty — no login, no password, no platform handshake. They review terms, sign, and upload docs inside the deal. Margins and internal notes stay invisible.
03 — SIGN
One-click contract PDF
Generate the contract PDF in one click from deal fields, hash-stamped and versioned. Sign in-app or upload countersigned scans. Every signature lands in the audit trail with timestamp and IP.
04 — TRACK
Kanban for trade ops
Auto-generated tasks from contract milestones — LC issued, vessel nominated, B/L draft, payment cleared. Kanban or list view. Audit log captures every field change with user, timestamp, and before/after values — exportable on demand.
01 — DRAFT
Card-based deal editor
Pre-built templates for GAFTA 49, FOSFA 54, LME warrants, and Incoterms 2020. Quality clauses, demurrage tables, and arbitration boilerplate already drafted. Build a contract in minutes, not hours.
02 — SHARE
Scoped external access
Send a scoped link to your counterparty — no login, no password, no platform handshake. They review terms, sign, and upload docs inside the deal. Margins and internal notes stay invisible.
03 — SIGN
One-click contract PDF
Generate the contract PDF in one click from deal fields, hash-stamped and versioned. Sign in-app or upload countersigned scans. Every signature lands in the audit trail with timestamp and IP.
04 — TRACK
Kanban for trade ops
Auto-generated tasks from contract milestones — LC issued, vessel nominated, B/L draft, payment cleared. Kanban or list view. Audit log captures every field change with user, timestamp, and before/after values — exportable on demand.
A real deal on Quay
From quote to settlement, in 35 days.
How a 50,000 MT Ukrainian wheat deal flows through Quay — from initial RFQ to LC settlement. Real fields, real timing, real document trail.
DAY 1
DRAFT
Quote received from Egyptian buyer
Trader opens new deal from RFQ. Picks GAFTA 49 template. Fills in 50,000 MT, 12.5% protein, $245/MT FOB Odesa, demurrage $15,000/day, ±5% tolerance. Auto-calc total: $12.25M.
DAY 2
DRAFT
Internal review
Risk team reviews via scoped link. Comments thread on demurrage clause. Trader adjusts tolerance to ±2% based on counterparty profile.
DAY 3
SHARE
Counterparty reviews
Buyer’s procurement opens scoped link — no login required. Reviews all terms. Internal cost basis and risk flags stay masked. Comments inline. Negotiates quality clause from “12.5% protein min” to “12.0% min, 12.5% target”.
DAY 4
SIGN
Both parties sign
Final contract PDF generated, hash-stamped, versioned. Trader signs in-app. Buyer signs via scoped link. Audit trail captures IP and timestamp for both signatures.
DAY 5
TRACK
LC issued
Buyer’s bank issues irrevocable LC at sight, 100% of contract value, in favor of seller. LC document uploaded to deal. Status: LC ISSUED.
DAY 12
TRACK
Vessel nominated
M/V Atlantic Carrier nominated. ETA Odesa Day 18. Vessel particulars attached. Counterparty notified automatically via scoped view.
DAY 18
TRACK
Loading complete
Loading at Odesa terminal complete. SGS quality certificate uploaded (12.2% protein — within tolerance). Weight certificate: 49,840 MT.
DAY 22
TRACK
Vessel departs Odesa
B/L draft uploaded. Lloyd’s marine insurance certificate attached. 14-day negotiation period starts.
DAY 28
TRACK
Documents released
Original B/L, certificate of origin, SGS quality, weight certificate, phytosanitary certificate — all in deal document checklist. Sent to buyer’s bank.
DAY 32
TRACK
Vessel arrives Alexandria
Discharge begins at Alexandria port. Buyer’s independent surveyor on board.
DAY 35
CLOSED
Payment cleared
Issuing bank settles LC via SWIFT MT202. Payment cleared, deal closes automatically. Full audit pack — every field change, signature, upload — exportable for legal and compliance.
35 days from RFQ to settlement. Every action timestamped, every document hash-stamped, every internal note masked from counterparty view.
Why Quay, not Excel, email, and DocuSign.
Quay
Multi-party scoped sharing
Native, field-level
Audit trail
Per-field, time-stamped, exportable
Commodity contract templates
GAFTA, FOSFA, LME, Incoterms 2020
External counterparty UX
Public link, scoped view
Time from quote to signed
4–6 days
Compliance-ready exports
One-click audit pack
Excel + Email + DocuSign
Multi-party scoped sharing
Manual, leaky
Audit trail
Email threads
Commodity contract templates
Build your own
External counterparty UX
Email + PDF
Time from quote to signed
8–14 days
Compliance-ready exports
Manual collation
Generic ERP module
Multi-party scoped sharing
Internal access only
Audit trail
Generic event logs
Commodity contract templates
None included
External counterparty UX
Login required
Time from quote to signed
6–10 days
Compliance-ready exports
Limited
Built around the standards your desk already runs on.
Contracts on Quay reference industry standards your legal team already approved. No bespoke clauses, no surprise wording — just digital execution of contracts your desk has been signing for decades.
Security and compliance, built in.
EU-hosted infrastructure
Frankfurt region. GDPR by design.
Data residency options for non-EU desks.
Sanctions screening
OpenSanctions, EU consolidated, OFAC SDN.
Counterparty checks on every deal.
Field-level RBAC
Mask financials. Scope external partners.
Revoke access instantly.
Audit trail by default
Every field change logged with user, timestamp, and before/after values.
Exportable on demand.
Pricing, on briefing.
Per-seat for desk teams. GMV-based tier for high-volume merchants. Founding-cohort pricing locked for 12 months. Annual contracts. Briefing required to confirm fit.
Pricing on briefing — request access above.
How it starts
From briefing to first signed deal in 8 weeks.
Quay runs alongside your current process for one full quarter. No commitment beyond pilot. Full data export on exit.
WEEK 0
01
BRIEFING
45-minute call
Walk through your typical deal flow. Identify 2–3 contract types your desk uses most. Confirm fit and pilot scope.
WEEKS 1–2
02
SETUP
Configured to your standards
Templates configured to your contract standards. Counterparty list imported. RBAC roles defined. Sandbox deal walked through with your team.
WEEKS 3–10
03
PILOT
8 weeks, free, alongside email/Excel
One desk uses Quay for live deals. Concierge support throughout. Weekly check-ins. Full data export available on demand.
WEEK 11
04
DECIDE
Your call
Continue with founding-cohort pricing locked for 12 months. Or walk away — full data and document export, no questions asked.
No charge during pilot. No long-term commitment. Founding-cohort pricing only available to pilots starting in 2026.
Questions desks ask first.
Commodity trade ran on telex, then fax, then email.
Next is Quay.
First pilot programs starting Q4 2026. Grain, metals, and energy desks. EU and MENA priority.