Software supplier develops product to solve sea freight shipment concerns

Logistics software developers CocoonFMS� Ltd have launched a new standalone product to help businesses with their sea freight shipment concerns.

CocoonFMS� Ltd is a Logistics software development company based in the UK with a global reach. Their mission is to be the software supplier of choice to the supply chain and logistics industry, with a vision to create standardisation in the Logistics and Supply Chain space.

The new product adds to their existing digital ecosystem and is an SaSS based Demurrage & Detention calculator that can be used to manage costs by those moving shipments via Seafreight.

The tool allows companies concerned with escalating costs around Quay Rent and delays at port to manage their costs effectively and plan their shipments better through automation.

There are two methods to allow you to input data. Either via EDI/API Integration which can pull shipments in directly from the Freight Forwarders TMS or you can upload shipment data in one go.

Once the data is input in the system it calculates and warns when demurrage is about to start and provides estimated costs.

The system can calculate by Trade-lane, port of discharge, by carrier, by container type line or merchant haul.

The key benefits of CocoonDEM are to have a single source of truth when it comes to the costs, increasing transparency and stopping those difficult calls when the invoice lands from the shipping line of a freight forwarder. It also importantly improves data accuracy.

James Blackman (pictured), managing partner CocoonFMS� Ltd, said: “Demurrage is one of those horrible unforeseen costs which every importer will face, often its completely out of their control.

“Once the invoice is received you have no choice but to pay. By having this tool available to help manage the costs is a win all round. The freight forwarder can soften the blow, or the customer can see instantly what invoices are going to land. It will save time and improve your supply chain by having this data to hand.

“We 're so excited to launch this new product to the supply chain market. - this is just the start of what we can offer as a Logistics software provider. ”

For more information visit https://www.cooonfms.co.uk