Introducing PayCargo’s innovative three-tier product solution designed to streamline and ensure compliance with the Ocean Shipping Reform Act and related regulations. Our comprehensive suite offers tailored options.
The details page displays demurrage fees by tier, payment type information, and OSRA information.
Our most comprehensive solution, providing full lifecycle management for container operations:
The Ocean Shipping Reform Act of 2024, along with the 2024 Final Rule on Demurrage & Detention Billing Practices and California’s CA AB2406, has significantly increased the regulatory burden on Vessel Operating Common Carriers (VOCCs), Non-Vessel Operating Common Carriers (NVOCCs), and Marine Terminal Operators (MTOs). These regulations require meticulous management of invoicing and collection processes for demurrage and detention fees, involving compliance with twenty mandated data fields.
Vendors are finding it challenging to obtain, manage, and communicate the necessary information to comply with federal and state regulations. The complexity of generating a compliant demurrage or detention invoice has never been higher, causing operational inefficiencies and increased liability risks.
An off-the-shelf feed of customer-provided OSRA invoice data directly into PayCargo, ensuring accurate and compliant data integration.
The details page displays demurrage fees by tier, payment type information, and OSRA information.
Easily embed PayCargo into your customer portal for seamless access to our advanced invoicing, OSRA transparency, and payment processing capabilities.
Offer this functionality within your own customer portal, PayCargo Express can be implemented with the same OSRA compliance & capabilities.
Don’t let regulatory challenges hold you back. Choose PayCargo’s innovative solutions to transform your marine terminal operations and ensure compliance with the latest federal and state regulations. Contact us today to learn more about how our products can help you stay ahead of the curve.
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