Establishment of an accurate and efficient industry standard - by and for industry participants - to be used in the creation and industry standard implementation of electronic messaging for assignments, changes and status updates to a disposition from either the Salvage Provider or Salvor, and financial messages.

XML electronic messages provide capability and flexibility for smaller-scale organizations and applications.

Facilitates the integration of disposition messages exchange.

Eliminates redundant data entry and other manual processes which allows for improved integration of disposition information across applications.

Management of the standard by CIECA streamlines development, approval, revision, enhancement and publication.

Processing efficiency:

• Eliminates need to phone or fax assignments, stock numbers or updates between the Salvage Provider and Salvage Vendor.

• Eliminates need to re-key Salvage Provider’s data into Salvage Vendor’s or Salvage Buyer’s own systems.

Reduced operating cost by automating manual tasks.

Improved accuracy, reporting and overall salvage management, depending on the degree of integration of the standards into other related systems.