MCaaS has developed an extensive database and enhanced validation process for trade compliance. This means MCaaS can screen against a range of restrictions lists and customer-specific watchlists, which are regularly updated.
To validate cargo descriptions, MCaaS uses the HS code as well as other identifiers (like the CAS Number, TARIC code, etc.), in addition to the UN/LOCODE which is used to validate the routes.
Through its processes, MCaaS is able to extract unstructured commodity descriptions and data from booking files, flag missing or incorrect HS codes, and match commodity descriptions with the proper HS codes. MCaaS can act as your extended Trade Compliance Team and handle second-level screening by gathering needed documentation to clear flagged items.
The MCaaS service offering is designed for shipping companies – both liner and bulk – and has the capacity to handle big volumes.