PIERS Trade Intelligence Is Unique for Accuracy, Comprehensiveness and Adherence to Industry Standards
Rigorous quality control is ongoing ... so businesses and governments can rely on PIERS information for decision-making.
PIERS trade data is the standard reference on container trade for the maritime industry, used to plan capacity and set rates. PIERS trade data is also relied upon by over 6,000 private- and public-sector clients in more than 40 countries as the source for the commercial intelligence that guides their global business strategies. PIERS trade data is used by federal, state and local government agencies – including the U.S. Departments of Agriculture, Commerce, Defense, Homeland Security, Justice, and Transportation – to set policy and conduct operations.
Everyone at PIERS understands the extent to which its clients rely on PIERS data, so data quality is the first priority.
PIERS data quality controls include:
PIERS verifies the accuracy of all the data it collects.
PIERS quality control begins dockside – with security-cleared reporters co-located in U.S. Customs & Border Protection offices in the 48 highest-traffic ports – and remains ongoing with weekly audits of 100% of data fields drawn from the documents filed on cargoes shipped through more than 160 ports in the U.S., Puerto Rico and Mexico.
PIERS information specialists are continuously auditing, standardizing and validating all records in the PIERS trade database – some 18 million records annually, containing many times more data elements (see the list at right>).
PIERS quality control organization catches and corrects incomplete or anomalous records – using PIERS proprietary rules to detect and resolve, for example, full containers with no weights recorded or cargoes with excessive reported weights.
Ship Line Control audits check data against Customs vessel logs.
Ship Line/SCAC, vessel name and dates in/out of port are verified for every vessel.
Each vessel’s port status and logs are checked against Lloyds Ship Register and the carriers’ schedules.
PIERS quality control adapts to changes within maritime commerce – working in cooperation with U.S.Customs and Border Protection. For example:
The 2003 extension of manifest filing requirements to the ocean transport intermediaries known as non-vessel-operating common carriers (NVOCCs) yielded new information – but also duplicated data as brokers and vessels reported the same cargoes. PIERS integrates this new data and eliminates duplications.
PIERS U.S. trade data elements:
Product Description (as shown on bill of lading or manifest)
Name and Address of U.S. Importer
Name and Address of U.S. Exporter
Name and Address of Foreign Shipper＊
Harmonized Tariff Code and Description (added by PIERS)
U.S. and Overseas Port Name
Container Size, Quantity and TEU Count
Steamship Line and Vessel Name
Cargo Quantity and Unit of Measure
Cargo Weight and Volume
Estimated Cargo Value (added by PIERS)
U.S. and Overseas Origins and Destinations
Marks and Numbers*
Bill of Lading Number*
Customs Clearing District*
Name and Address of Notify Party*
Arrival and Departure Dates in U.S. Ports
Reefer, NVOCC, Ro/Ro, Hazardous Material and Financial Indicator Flags