CargoSmart Launches Documentation Workflow Management Solution

SAN JOSE, CA and HONG KONG--(Marketwire - December 16, 2008) - CargoSmart Limited, a leading Software as a Service (SaaS) global logistics solutions provider, today announced the availability of Shipment Folder, a new documentation workflow management solution. Shipment Folder helps shippers, consignees, and logistics service providers streamline document management processes and comply with international trade regulations. The new product provides easy and centralized access to any shipment-related document online, such as packing lists, shipping orders, commercial invoices, purchase orders, and security filings. It allows users to electronically store and exchange their documents among shipping parties to help keep cargo moving through the supply chain and delivered on time.

Shipment Folder is based on CargoSmart's new, services-oriented architecture (SOA). The new architecture allows CargoSmart to deliver highly customized features, over the Internet, in a cloud computing environment to customers. Customers can now intelligently monitor and automate their document workflow by setting parameters for when to expect documents and updates from multiple parties. "Shipment Folder helps customers by allowing them to focus on the exceptions to their document workflow, share documents more efficiently throughout the supply chain, and at the same time minimize courier and hard-copy documentation storage costs," said Joe O'Brien, managing director of CargoSmart North America.

Using Shipment Folder's powerful rules and assignments features will help importers comply with trade regulations, including the recently published U.S. Customs and Border Protection's Final Interim Rule on the Importer Security Filing (ISF), also known as 10+2. Effective in January 2009, importers are responsible for submitting eight data elements 24 hours before their cargo is loaded on board at the foreign port of lading and two additional data elements 24 hours before their cargo arrives at the U.S. port of arrival. Shipment Folder allows importers to automate the collection of the required ISF data elements from their multiple supply chain associates, share the data with their broker, and receive an alert or a copy of the final submission once their broker has submitted the ISF. Shipment Folder also lets users set alerts to be notified when specific data elements are not collected or the filing is not complete within certain time parameters, which will save importers time monitoring data and filings so they can focus on the exceptions. "A key challenge for importers will be collecting all of the required ISF information from overseas business counterparts," said Beth Peterson, president of Beth Peterson Enterprises, Inc. "CargoSmart's documentation solution addresses the need for importers to collect the information in a timely and efficient manner so that they, or their agents, can complete the filing."

CargoSmart is currently working with customers to explore further ways they can use Shipment Folder to improve their business processes. Customers are facing increasing documentation requirements such as the U.S. Census Bureau's mandatory electronic documentation filing through the Automated Export System (AES) and the China 24-Hour Advanced Manifest Rule. By working with customers to discover the increasing documentation-related scenarios they face every day, CargoSmart will be able to further enhance Shipment Folder to meet their growing needs.

About CargoSmart

CargoSmart Limited (www.cargosmart.com) is a global logistics Software as a Service (SaaS) solution provider, with advanced visibility and exception management, that enables shippers, consignees, and logistics service providers to keep cargo moving and delivered on time. Through online tools and integration services, CargoSmart customers can plan, process, and monitor the critical path of multiple-carrier shipments and communicate in-depth, timely information to key supply chain associates. CargoSmart launched its services in October 2000 and has helped over 17,000 customers lower transportation management costs, streamline operations, and reduce the risk of late shipments.

Contact Information: Press Contact: Christine Deihl CargoSmart Limited +1-408-325-7651 christine.deihl@cargosmart.com