Revenue Management

IC-ENC manages all aspects of the VARs and DPs sales reporting, invoicing and revenue collection process. An detailed and fully itemised sales report is provided on a quarterly basis to each Member. The revenue generated from the sales is then paid to each Member by IC-ENC.

VARs and DPs are periodically audited by IC-ENC. In turn, IC-ENC’s sales reports to Members are audited annually by a third party. Members often use these financial assurance processes and reports from IC-ENC to meet their own national government requirements.

IC-ENC retains a fee of just US$0.50 (50c) per annual equivalent ENC subscription. This retained fee is used to fund IC-ENC’s operating budget and the Activity Fund. The amount of the retained fee is set annually by the IC-ENC Members through the Steering Committee.

“Excellent support in the validation, distribution and management processes. Great support in strengthening hydrographic services to keep IHO regulations.”

- Ministerio De Defensa Nacional, Direccion General Maritima

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