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January 20, 2004     

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Scarbrough International, Ltd. Selects Rate Explorer to Improve Profitability by Automating Ocean Contracts

Fast-Growing NVOCC Leverages Contracts to Improve Customer Responsiveness and Efficiently Audit Buy-side Transactions

EAST RUTHERFORD, NJ, February 10, 2004, Management Dynamics, Inc., a leader in price and contract management solutions for the ocean transportation industry, today announced the immediate availability of NVOCC Tariff Publisher, a new Rate Explorer module that simplifies the management of NVOCC tariffs and significantly reduces the cost of compliance with FMC regulations.

Mandated by the Federal Maritime Commission, tariff management for NVOCCs is an expensive and cumbersome process. Moreover, failure to comply with these regulations can result in fines of tens to hundreds of thousands of dollars. The NVOCC Tariff Publisher module seamlessly integrates with current NVOCC pricing activities, offering a number of key advantages:

  • Speed: update and post a rate tariff change in minutes in-house without involving a third-party publisher

  • Simplicity: manage tariffs with the same level of effort and skill required to email a rate or commodity change to a third party publisher

  • Accuracy: tariff management becomes an integral part of the process with more control over timely and complete updates

  • Savings: avoid the cost and hassle of engaging a third party publisher

The NVOCC Tariff Publisher module is delivered over the Internet as a service and can be fully implemented in less than one week. All an NVOCC needs is a browser and connectivity to the Internet.

"The NVOCC Tariff Publisher module has allowed us to fully manage our FMC rate tariffs with far less effort than using a third-party publisher," said Brad Heier, Managing Director, TSC Container Freight. "It is an intuitive application that was easy to implement in our current process. With the NVOCC Tariff Publisher module we have the ability to quickly check our rate tariff prior to booking and, if needed, amend or add a new rate in seconds."

"For years we have used third-party publishers to maintain our rate tariff, but as our business has grown, the costs of this service have become significant," said Alan Baer, President, Ocean World Lines, a subsidiary of Pacer International. "The NVOCC Tariff Publisher module offers an immediate payback by substantially reducing these costs and gives my organization more control over the management of our rate tariff."

"We have seen impressive results over the past year as our NVOCC clients have taken control of their ocean contracts to implement new top-line growth strategies and improve their buy-side costs with Rate Explorer's Contract Management module," said John Preuninger, President, Management Dynamics. In addition, the NVOCC Tariff Publisher module of Rate Explorer has been successfully implemented at several clients and has simplified the process of maintaining an NVOCC tariff at a much lower cost than using a third-party publisher."

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