What is an EDI 414 Rail Carhire Settlements Document?

EDI 414 is a transaction set that enables the electronic exchange of data relating to Carhire Settlement. The information included in an EDI 414 document include, but is not limited to, the following: 

  • Current Settlements 
  • Prior Settlements (penalties incurred on foreign equipment) 
  • Reclaim Transactions 
  • First Adjustment Settlements (no penalty) 
  • Summary Transactions 

The data contents and format of EDI 414 Rail Carhire Settlements are used for the electronic interchange of information.  

Workflow for the Exchange of an EDI 414 Rail Carhire Settlements Document

EDI 414 falls under the category of X12I Transportation transaction set. This EDI document is used to exchange information about Carhire Settlements. Interested entities use it to acquire details of a Carhire Settlement.    

Stay EDI Compliant with EDIConnect

EDIConnect is designed to handle EDI X12, HL7, and EDIFACT transaction sets. EDIConnect, bundled with its built-in parser, validator, and transaction builder, makes the process of sending and receiving EDI messages quick and easy. It also enables businesses and trade partners to communicate in a seamless manner and achieve EDI compliance.   

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