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Nov.24, 2014

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Page 16 of 47 THE JOURNAL OF COMMERCE 17 FREIGHT PAYMENT SPECIAL REPORT WHEN THE OCEAN Freight Industry EIPP Stan- dards Advisory Board in July announced the creation of guidelines for emerging standards used in Electronic Invoice Presentment and Payment, it promised a system that "will drive greater efficiency, reduce costs and simplify processes." For beneficial cargo owners that face almost continuous ocean freight rate swings, surcharges and other tariff changes, perhaps nothing in the billing process would be more welcome. A SINGLE STANDARD FOR E-INVOICING By Alan M. Field A group of global ocean shipping interests looks to bring efficiency and simplicity to electronic invoicing

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