Episode description

Join Grant Sernick in a deep dive discussion with Steve Ferreira, founder of Ocean Audit. Steve shares his unique insights and expertise in the world of ocean freight auditing, discussing common errors in freight invoices, innovative auditing strategies, and the critical importance of understanding the complexities of international trade. With personal anecdotes, industry trends, and practical advice, Steve reveals how businesses can recover significant funds through meticulous audit practices. This conversation sheds light on the nuances of the freight invoicing process and explores how technology and expert intervention can solve the challenges faced by Beneficial Cargo Owners (BCOs).

00:00 Intro

00:37 Meet Steve Ferreira from Ocean Audit

10:03 Challenges in Freight Auditing

17:15 Expanding Beyond Ocean Audits

29:29 Invoicing Issues and Auditing Challenges

37:27 Complexities in Freight Invoicing

50:30 The Role of Technology in Freight Auditing

54:04 Common Types of Mis-Invoicing

01:01:28 Conclusion

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