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Premium
Ocean Audit serviceFor clients spending over $5m annually in ocean freight expenses Learn More
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HOW ACCURATE ARE YOUR OCEAN FREIGHT INVOICES?
The complexities of invoicing in the container shipping industry could be costing your ocean freight business thousands of dollars per vessel thanks to inaccurate documentation.
If you lost 10% or more of your ocean cargoes on every voyage through theft or damage, you’d do something about it. Now, with the help of Ocean Audit, you can recover the cash you’re losing on bad invoices.
Our Premium Service Packages (for clients with an annual spend above $5mm in ocean freight) and Standard Service Packages (for clients with less than $5mm in ocean freight spend per year) are quick and easy to set up. When you work with us, we oversee the entire post audit process. This typically takes less than four hours – even on the largest audits involving hundreds of thousands of containers.
While we’re collecting the data and preparing your results, your day-to-day business will not be affected. And when it comes to presenting your refund claim in just a few weeks, we can do that directly to your ocean freight vendors, or spend no more than one hour going through it with you.
Very soon, you could be seeing savings of around $5 to $10 on every container shipped. And remember: Ocean Audit operate a ‘no refund, no fee’ policy. If there’s no refund or credit due, you pay nothing.
Introducing our ocean auditing services…
Ocean Audit will alert you to incorrectly rated invoices. With our professional support, we’ll make you aware of specific invoicing problems. Let’s face it, no one else will. No alarms or reports will be triggered when an error is made. No one will tell, or direct you to collect a refund or to complete a historic ocean freight audit.
Ocean Audit is a resource friendly process. We recognize that most organizations are at full stretch just running their day-to-day business. Diverting time and resources to conduct a historic three-year audit of ocean freight invoices is almost impossible!
Ocean Audit has specialist expertise to understand the complexities of ocean freight contracting and invoicing. In our experience, few companies have the internal or external resources and knowledge to audit invoices with 100% accuracy and to identify all invoice errors.
Standard Ocean Audit Service
- 100% ‘no refund’ – or you don’t pay
- We map your invoices against your ocean freight rates to determine your refunds
- We send you a check today for $500. In return, you send us all your invoices and rates. The $500 covers the few hours of admin expense you may incur in getting the appropriate files to Ocean Audit
- If you prefer, we will donate the $500 to your favorite corporate charity
- 50% contingency fee based on your actual refund/credit
Premium Ocean Audit Service
- Ocean Audit’s specialized soft copy audit
- Minimal to no hard copy documentation required
- Audit completed in 45 days or less
- Includes ocean freight invoice audit against contracted rates, amendments and actual paid history
- VIP audit priority queue for clients with greater than 5,000 containers per year
- Includes customized audit reporting detailing all ocean freight vendor errors and contract related issues we recommend that merit your review
From Audit to Refund – Our Process Works!
Whichever Ocean Audit service you use – Premium or Standard – our proven track-record of securing substantial client refunds is beyond question. And we work quickly: no more than 60 days to complete a Premium Ocean Audit, and a maximum of 45 days for a Standard Audit.
Our process works even if your freight payment company, contract management tool or other external software claims to have completely audited your ocean freight invoices.
Of equal importance, we look at securing refunds from other parties whose activities may affect the accuracy of your ocean freight invoices. These include:
- Customs House Brokers
- Freight Payment Companies
- 3PLs – Third Party Logistics Companies
- Existing Auditors (Internal and External)
Unlike a traditional freight audit, we feel it is important that you see the results of our audit before your vendors. That’s why we meet with you to discuss the various issues surrounding your expected refund.
Ocean Audit is a turnkey service that documents the entire ocean freight refund process. As a valued client, the only thing you have to do is wait until your refund check or credit note arrives at your desk!