China embraces CargoDocs DocEx for Exports
CargoDocs DocEx is now live for exports out of China, following the first ever use of electronic Bills of Lading (eB/Ls) for an export shipment out of the country – executed by leading mining company, Vale.
The transaction, in fact, marks the first ever use of any paperless trade solution to execute a shipment using eB/Ls for ex-China trade.
Specifically, the shipment involved a cargo of Brazilian Blend iron ore fines exported to Kuantan (Tanjong Gelang), Malaysia, with Vale International SA acting as Shipper, Alliance Steel (M) Sdn. Bhd. as Receiver and Waterfront Maritime Services as Drafting / Ship Agent.
The draft eB/L was approved online by all parties via the CargoDocs Collaboration Portal, and was signed and issued electronically within the course of just one day – a testament to the high level of engagement and support from all involved participants.
Vale, in particular, remains a leading player in metals & minerals digitization globally, as it continues to digitally transform its trade processes both in scale and scope, extending its use of CargoDocs into new trade lanes and once again blazing the digital trail by spearheading this latest major paperless milestone.