1.10.1. CargoX pricing policy and Units

There are no hidden fees for using the CargoX Platform, there are no contracts, no licenses to pay and no obligations.

There are no investments needed. You only pay for the services you use (pay-per-use).

The company account and user registration on the CargoX Platform are free of charge. To register a new company on the CargoX Platform, click the https://cargox.digital and follow the Quick Start Guide.

STANDARD ENVELOPE

The standard envelope allows exchange of documents between companies on the CargoX Platform. The one-time per-document fee is charged when the document is sent, but there is no extra charge for the standard envelope itself. The document price varies based on the document type and the level of blockchain support. This fee can be paid either by the uploader (i.e. the Issuer) or by the first recipient (collect payment) of the document. All other parties who receive, forward or accomplish such documents use the platform for free.

ACI ENVLOPE

Government-focused services such as advance cargo information (ACI) filings have a different pricing structure. Since all documents sent using the ACI envelope have partial-blockchain support, a one-time per-document fee is charged and an additional one-time per-envelope (transaction) processing fee is applied. ACI envelope can only be sent to a pre-defined recipient (specific governmental authority). All fees are always paid by sender, as there is no collect-payment option.

PROFESSIONAL SERVICES

CargoX offers a fully automated and complete self-service experience. You can register your CargoX account without any intervention from our side within 5 minutes. You can order service units on your own, receive pro-forma invoice within minutes, and after we receive your payment a final invoice is also issued automatically. Verification processes are automated for most of the counties. We provide all the documents and data for you to complete due diligence on us, and add CargoX in your vendor registration process on your own. Still, if our assistance is needed we offer it for extra charge within CargoX Professional Services.

1.10.1.1. What are units?

Units are used on the CargoX platform to pay for services. Wherever you see the sign (U) on the platform, it indicates that the feature/action is payable. One (1) CargoX unit equals 1 USD. Units can be purchased directly through the CargoX Platform in a self-service process. The more units you purchase, the better the units/price ratio. To purchase units, login into the CargoX Platform and open the Billing section (left sidebar).

A complete price list for all document types is also available in the Billing section. Multiple billing options are supported. Read more about the Billing section here.

1.10.1.2. Your balance

You can always see the balance of your units in the upper right part of the screen:

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1.10.1.3. Pricing example

For an original Master Bill of Lading, the cost of issuing the document on the blockchain typically falls on the issuing party (NVOCC/VOCC). The cost is 15 units (15 USD) per B/L, which covers up to 50 transfers of the document and 10-year digital storage.

Once on the blockchain, all other parties involved in the exchange (shipper/exporter/seller, consignee/importer/buyer, banks, traders, release agent...) do not pay any additional fees. The parties involved may also attach other (supporting) documents when forwarding the B/L.

Documents such as invoices, warranty letters, packaging lists, etc. can be added to the outgoing envelope. This helps keep all documents related to the transaction in one place. Documents are kept in digital storage and the CargoX Platform provides a simple way to search these documents.