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Ocean Freight Refunds Inc. (OFR) provides the industry's only dedicated freight audit for clients who ship cargo via ocean freight. Cargo from any origin to any destination is eligible for refunds. For CFO's, Finance and Logistics Professionals, our work is a niche within the accounts payable audit industry. OFR's service focuses on a review of historic ocean freight invoices and related charges such as demurrage and detention. The period eligible for refunds is currently December 2004 to present day. Refunds are paid directly to your treasury by the service provider. OFR uses proprietary databases to merge three years of our clients' ocean freight invoice records and their rate agreements to determine the invoice accuracy of a specific shipment. Since most clients do not have three years worth of data pre-arranged for the post audit process, OFR makes it easy to ensure that 36 months worth of refund analysis is possible for each and every client. OFR's model standardizes the review of ocean freight invoices and compares and corrects any rate discrepancy against correct rate agreement. The result is a cash refund from the service provider. Clients should not be concerned whether they have access to detailed historical data. How do you know if you should become a client of Ocean Freight Refunds, Inc? The ocean freight industry has a secret - documentation and invoicing inaccuracy. The reality is that seven out of every one hundred invoices are misrated. Importers and Exporters know that invoice inaccuracies are a reality. A recent industry survey by a leading shipper illustrates the fact that ocean freight service providers must improve invoicing accuracy. Prospective clients who have utilized other post audit services should consider a secondary review by OFR. The identified refund level will be similar regardless whether or not your ocean freight invoices had previously been reviewed. We urge clients who have purchased rate audit software from any logistics vendor to allow OFR the opportunity under our refund guarantee to identify the refunds the software has not captured. Ocean Freight Refunds Inc. work delivers a uniform process to ensure your ocean freight invoicing errors are corrected and monies are refunded to your Treasury.