Steve Ferreira, CEO

Ocean Freight Refunds & Container

Shipping Technologies

Integrating ocean freight auditing into the supply chain for Shippers and 3PL’s

• Historic ocean freight credit note generation

with a three year scope

• Carrier subsidized audits – why you should not

use your own money to integrate ocean freight

Ocean Freight Audit Integration

Container Shipping Technologies Ocean Freight Refunds

use your own money to integrate ocean freight

audit

• Real time cost avoidance (funded with vendor

money, but optional step)

• Real time revenue generation (Optional)

• Any ocean freight audit or audit tool needs to make a

commitment to the client that the initial focus is on

generating large cash refunds from historic invoices

• Should be pay for performance only, but more importantly

any funds utilized should not be from clients budget

What you need to know now

Container Shipping Technologies Ocean Freight Refunds

any funds utilized should not be from clients budget

• Solution for pre audit should be funded by post audit credits

• Any ocean audit system must not constrain clients resources

• OFR identified € 500,000 which was paid to client

via a credit note from carriers

• Agreed to post audit 3 years of invoice history

• 50% contingency fee established, No Refund, No

Fortune 500 Conference

Attendee

Container Shipping Technologies Ocean Freight Refunds

• 50% contingency fee established, No Refund, No

Fee

• Invoices and Ocean Rates sent to OFR via CD

• Client informed OFR of the credit notes and OFR

invoiced client 50% of the credit notes

• Audit took one week and was done offsite

• Costs

– Post audit is 100% free if no credit note is

received by the client. No set up, travel or other

fees should be incurred.

Ocean Freight Audit Settlement

Container Shipping Technologies Ocean Freight Refunds

fees should be incurred.

– Contingency fee structure 50/50 based on credit

note confirmation by client

– Pre audit is on a per container basis at

approximately € 2, subject to TEU volume review

• 43,000 TEU Year

• Phase 1 - Historic post audit: $250,000 recovered – lump sum

check from ocean vendors to Pier 1

• In case of Pier 1, historic audit was substantial enough to

fund year 1 pre audit.

Pier 1 Case Study

Container Shipping Technologies Ocean Freight Refunds

fund year 1 pre audit.

• Phase 2 – Real time cost avoidance pre audit: $20,000 in mis-

rated invoices corrected weekly

• Phase 3 – Carrier revenue generation: $5,000 in under billed

revenue corrected weekly

• We will view the application in Phase 2 and Phase 3

Questions?

Thank you!

Steve Ferreira, CEO/founder

Ocean Freight Refunds Inc.

Container Shipping Technologies/Ocean Freight Refunds

Contact Detail

Container Shipping Technologies Ocean Freight Refunds

Ocean Freight Refunds Inc.

Container Shipping Technologies, Ltd.

Tel: (Europe) +420 608 262 058 (Europe)

Tel: (USA) +1 646 312 7905

E-mail: rightrate@vesselvoyage.com

www.oceanaudits.com

www.vesselvoyage.com