Ocean Freight Auditing

Our global clients demand our specialized ocean freight audit services to minimize payment errors. The audit verifies that correct freight rates are billed in accordance with their contract with the ocean freight carriers.

Why do you need ocean freight auditing?

Ocean carrier contracts have various, complex costing factors. What may appear to be a straight-forward origin pick-up charge is actually subject to a variety of unexpected surcharges. In addition to bunker surcharges, currency adjustment factors, special equipment (Hi-cube, Open top, Flat Rack) surcharges, out-port arbitraries, and hazardous surcharges, you may also be exposed to war risk surcharges, peak season surcharges, and any number of unique and unexpected fees. Due to the high volume of traffic and unknown accuracy of the ocean carrier's, or their agent's, invoice process, there is always the risk of substantial errors in your ocean freight invoices.

What Vee Technologies offers

Our years of expertise in the international shipping trade and related contract management will provide you the back-office expertise in auditing the bills with the contracts covered for the movements. Any cases of overcharge and errors will be reported back with full details of the shipments in order to enable you to claim refunds directly with the specific carrier's.

What are the advantages to you?

It is a common occurrence that bills once paid will not be re-checked for errors, especially when high volumes of business are involved. These errors might go unnoticed even under the most diligent of scrutiny, due to various situations like work load, personnel change, revisions to the contract terms, etc. Our experienced team ensures that the freight invoices are scrutinized for any such errors vis-a-vis the agreements with the carriers, at a considerable cost advantage to you.

Audit Prospects

Depending on the local regulations on claims processing by the carriers, an audit can generally be undertaken for the previous three years of shipments which may enable you to file claims for eligible refunds from the respective carriers.

Top 5 Logistics Trends To Watch Out For in 2018

With technology evolving rapidly, the world of logistics too is not immune to the rapid advances across diverse fields, such as digitalization, analytics, robotics, etc. Predicting, identifying, and being aware of these trends will help professionals in the logistics industry stay ahead of the competition by increasing efficiency and even cost effectiveness.
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