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TechMobius

Data for the Maritime Industry

Client

A leading source of critical maritime & trade insight.

The Business Need

Employing data automation, our main goal is to combat trade-based money laundering for various commodities in marine shipping. This involves automated identification of commodities from bills of lading, seamless integration into the client’s database, historical data analysis to estimate pricing based on shipping details and commodity information, and continuous updates to maintain real-time accuracy. Through this process, we guaranteed fair pricing for our client, ensuring transparency and integrity in their marine shipping operations.

Challenges

It is interpreted that the commodity and quantity associated are determined through handwritten bills of lading. In such circumstances, incorrect or missing information on these forms limits the solution. Based on the facts from these forms, currency and unit measure would differ, and they are the major elements establishing the fair price. Also, when gathering commodity price data, the most frequent goods in each category are selected for pricing input into the data lake.

For a detailed presentation of specific use cases, please write back to us at support@techmobius.com

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