CargoSphere Releases Common Rate Infrastructure For Ocean Carriers

CargoSphere Releases Common Rate Infrastructure For Ocean Carriers

CargoSphere Releases Common Rate Infrastructure For Ocean Carriers

The launch of eSUDS Connector that is a universal rate structure and API for ocean carriers for the 100% acceleration of digital rate distribution to customers has been announced by the CargoSphere.

eSUDS Connector provides for a standard API to the carriers for the transfer of confidential customer contracts, amendments and global surcharge tariffs to the CargoSphere neutral rate network by utilizing a data format and structure that is common.

CargoSphere’s eSUDS engine is used to process the data and is then made available to forwarders and shipper customers in real-time.

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The collaboration of CargoSphere with the top ocean carriers of the world finally resulted in a common data model that collects the unique pricing practices of every carrier. The different requirements and data structures of the leaders of today’s ocean carriers will be fulfilled by this approach. There is a need for the industry to digitalize the rates of the ocean as every ocean carrier now has its own discrete systems that define its business logic and data structures.

The eSUDS Connector will help in the development of the relationship between ocean carriers and customers by removing the need for a large amount of manual work of rate management that leads to massive obstacles in pricing operations. The next level of productivity, accurateness and rate access will be available due to the seamless flow of rate data in real-time.

“We have been working for nearly twenty years to systematize ocean rate management and distribution to break this tedious, time-consuming, and unproductive paradigm. This is a major milestone for the company and industry. With the acceleration of digitalization, the ocean carrier community is ready to adopt smart innovations where they make sense. Hamburg Süd and other leading global carriers are already using eSUDS Connector and we expect rapid adoption in the container shipping industry,” said Neil Barni, Managing Director of CargoSphere.

Reference: CargoSphere

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About the Author: Tanya Agarwal

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