M+R Forwarding Implement’s Trade Tech’s 10+2 Solution

M+R Forwarding Implement’s Trade Tech’s 10+2 SolutionHong Kong March 5, 2009 M+R Forwarding, a leading worldwide logistics provider based in Hong Kong, announced today that it has implemented Trade Tech’s new full-service Importer Security Filing(ISF) solution designed to meet the data reporting regulations enacted by U.S. Customs and Border Protection’s 10+2 Rule for its customers throughout Asia, effective immediately.Using Trade Tech’s workflow management tools, M+R Forwarding is combining its in-depth knowledge of the Asia-USA trade with Trade Tech’s latest technology to maximize supply chain efficiency and fulfill the ISF filing requirements.By collaborating with Trade Tech, M+R Forwarding has full access to all ISF input at origin. Furthermore, M+R has built-in its Asia export shipment workflow to collect the required data from both the shipper and importer, ensuring the ISF filing can be completed 48 hours before the ship’s departure. This allows M+R to stay in control of the entire ISF filing process and provide a comprehensive solution to its customers.


“We started using Trade Tech’s ISF solution when the rule went live on Jan 26, 2009 and now we have about 150 customers using our 10+2 filing services via Trade Tech. We expect the number will grow significantly in the coming months,” said Lai-Kwong Pang, M+R Forwarding’s Asia Information Technology Manager. “The 10+2 solution is a logical extension of the cooperation and trusts built up between our two companies.”


Key benefits for M+R Forwarding’s customers:


-Capture the required data as part of the operation workflow at origin.

-Immediate verification and correction of origin data by local staff in the same time zone as suppliers.

-Full control of the ISF filing and cargo departure at origin to ensure minimum shipment delays or penalties.

-Full electronic data integration between M+R cargo booking, internal operation system and Trade Tech’s online platform, and CBP.

-Full visibility of the ISF status on M+R Forwarding’s web-based SIS (Shipment Information System).

-Highest confidentiality level.


About M+R Forwarding

M+R Forwarding is the Asia subsidiary of M+R Spedag Group, which is a leading independent Swiss logistics company with over 1000 employees worldwide. The group is operational in 58 locations and in 23 countries with its own companies, and maintains a global network of partners.


M+R Forwarding has over 20 offices throughout Asia, located in Hong Kong, China, Taiwan, Singapore, Thailand and Indonesia. The combined workforce of these offices totals more than 500 employees offering services such as international sea/air freight and combined sea/air transports, as well as project forwarding, logistics, warehousing and distribution, and buyer’s consolidation. As a dependable and innovative logistics partner, M+R Forwarding improves its customers’supply chains by developing individual solutions and creating flexibility and added value across continents.


About Trade Tech:


Trade Tech is an Internet-based supply chain and transportation solutions company owned and operated by industry professionals. Trade Tech is an Application Service Provider (ASP), which licenses and delivers applications in seven key areas, including:


-10+2 Rule Solution Provider

-Cost optimization / Pricing

-Transportation Management

-Supply chain / Purchase order visibility (tracking and tracing)

-Sales / Operations -Accounting

-AMS/ACI and security related to ocean and air transportation, including all Cargo Security Filing requirements.


Founded in 1997, Trade Tech’s applications help link shippers, importers, Customs House Brokers, consignees, NVOCCs, carriers, truckers, warehouses and forwarders, so that everyone in the community has visibility to the movement of goods throughout the supply chain.


Trade Tech clients have access to applications and data anywhere in the world, and receive the latest versions of the applications every time they log on to the Trade Tech network there are no software downloads required.Trade Tech has been providing a full-service solution for AMS to its NVOCC customers since the inception of the 24 Hour Rule. Trade Tech currently services over 350 NVOCC customers through its overseas customer service and data input centers.For more information, please contact Chad Sprecher at: chad.sprecher.sha@cn.mrspedag.com


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