Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Softship introduces innovative calculator for port and voyage costs

Photo: Lee Hong Liang Thailand port.JPG
Shipping software solutions provider Softship has launched an innovative, web-based Port Cost Calculator for carriers to streamline and automate port costs and voyage expenses.

A vessel’s expected port activities are pre-loaded into the Softship Port Cost Calculator from the original port call templates and unforeseen or real-time adjustments can be taken direct from vessel reports. Based on this, the calculator will present a list of all expected charges and costs. These are then automatically applied to the overall voyage result giving the carrier full visibility over the financial performance of each voyage.

“Vessels will call at many ports across the world and each port call requires a significant number of services to be provided by a large range of service providers. Multiply this by the number of vessels in an average fleet and the process quickly becomes unwieldly and error-prone,” observed Thomas Wolf, managing director of Softship.

“Port calls are expensive and a carrier needs to know, in advance, the anticipated cost of a call so that the overall voyage result can be accurately predicted. Carriers must also be confident that the costs they incur in port are legitimate and accurate and can be reconciled against services actually delivered for the pre-agreed tariff.  Our new web-based tool – which slots seamlessly into a carrier’s own internal IT environment – streamlines this time-consuming process and injects a much higher level of confidence and accuracy into the overall port cost calculations,” Wolf said.

As the port call progresses, vendor invoices can be automatically reconciled and approved for payment which reduce staff time and errors.

The calculator can integrate seamlessly within a carrier’s existing IT systems using the Softship WebAPI. The use of web services will facilitate easy data exchange within a carrier’s own company and between external business partners.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish