essDOCS Newsletter Q1 2014
Q1 2014 marked our most dynamic phase yet, as we welcomed the year with a fully rebranded corporate identity better reflecting the cutting-edge solutions that our company embodies. Coupled with two prestigious industry accolades recognizing essDOCS’ commitment to innovation in trade facilitation, our solutions continue to rapidly spread to new markets and geographic territories; reflected through a sharp increase in customer adoption. Below are a few of our key Q1 highlights: a brief synopsis of what has been one of the most exciting periods in our company’s history to date - paving the way for even greater things to come.
essDOCS Company News
essDOCS Re-brand: essDOCS announces fully re-branded corporate identity, further reinforcing the continual evolution and innovation delivered by our company's dedicated, expert team. + READ MORE
essDOCS opens Singapore office: essDOCS announces expansion of its presence in the Asia Pacific Region with the opening of a new office in Singapore, providing a crucial local presence. + READ MORE
essDOCS wins Editors’ Triple Star Award: essDOCS earns the Editor’s Triple Star Award for CargoDocs™ suite of solutions from major Asia-Pacific corporate & financial news magazine The Asset. + READ MORE
Prestigious double accolade for clients’ use of essDOCS solutions: BHP Billiton and Cargill, in alliance with essDOCS, Westpac and RBS, receive two prestigious trade finance awards for their use of our electronic bill of lading and ePresentation solutions. + READ MORE
essDOCS releases new version of CargoDocs™ (V14.1): essDOCS announces the release of CargoDocs™ 14.1 to production, featuring over 50 significant improvements in functionality, accessibility and ease of use. + READ MORE
CargoDocs™ in Numbers
CargoDocs™ Customers: 1400+ CargoDocs™ Countries: 57+ Global Tanker Fleet under CargoDocs™: 38% Global Bulker Fleet under CargoDocs™: 6%
CargoDocs™ for Tanker News
Total Lindsey oil refinery goes Live with CargoDocs™: Lindsey Oil Refinery in the UK becomes the first Total owned refinery to adopt our CargoDocs™ electronic bill of lading solution, following APT’s advisement to shippers & traders that it would transition fully to electronic documents at both Lindsey and Humber during 2014. + READ MORE
Petrobras completes first trial under CargoDocs™ eB/L: Petrobras completes its first successful trial export from Brazil to Singapore using our electronic bill of lading (eB/L) solution. + READ MORE
CargoDocs™ for Bulker News
First Black Sea Grain shipment under CargoDocs™ eB/L: Cargill Russia completes its first grain export from Novorossiysk to Mexico using our electronic bill of lading solution, with the Black Sea now marking another key region where CargoDocs™ is used for grain exports. + READ MORE
First Grain shipment into Japan using CargoDocs™ eB/L: Cargill completes first grain export from the US Gulf to Japan using our electronic bill of lading solution, with Japan now joining other key regions where our solutions are used in grain trade. + READ MORE
First ex-Ukraine Grain shipment under CargoDocs™ eB/L: An essDOCS Agri Customer successfully completes their first grain export from the Ukraine to Italy using CargoDocs™ electronic bill of lading solution. Ukraine is now added to a growing list of key regions where our eB/L solution is used in grain trade following previous successful eB/L grain shipments from the USA, Canada, Argentina, Brazil, Australia and Russia.
CargoDocs™ for Liner News
NYK Line goes Live with first CargoDocs™ Ocean Line eB/L: essDOCS completes first operational use of electronic bill of lading (eB/L) solution in container line market, and first operational use by Chinese & American Trade finance banks. + READ MORE
Coffee to go Live in 2014: Noble Americas Resources moves to the final phase of testing of CargoDocs™ for containerized coffee cargoes. This final phase will involve using live ocean eB/Ls to replace paper in pre-defined trade routes with one of Noble’s key container lines. This is part of ongoing efforts in building a cluster of coffee traders which also include Louis Dreyfus and Rothfos (Neumann Kaffee Gruppe) testing CargoDocs™ on trades ex-Vietnam and ex-South America.
Chemicals warming up to eB/Ls: Following our first successful containerized chemical shipment from Singapore to China, several essDOCS customers are gearing up for future chemical trades under CargoDocs™.
CargoDocs™ for Barges News
Sea Tank to commence issuing eDocs: API Interface integration is well underway at SeaTank 510, with rollout of electronic sailing advice (eSA) to begin imminently, followed soon after with eBarge Receipts (eBR). Building on the success at ST510, we anticipate the expansion to Totsa’s equity at SeaTank Antwerp. This project is slated for mid-2014.
BP to commence eNoms testing: BP has committed to begin testing CargoDocs™ eNom functionality on European barge trades for 2014.
New version of CargoDocs™ for Barges to be released: We are currently developing a new version of CargoDocs™ for Barges for release in Q2 2014, including major improvements in functionality and ease-of-use. We are also under way in developing a first of its kind Barge eDocs platform, slated for release in Q3 2014.
CargoDocs™ for Trade Finance
essDOCS announces ePresentation over SWIFT and extension of CargoDocs™ eB/L to support BPO: CargoDocs™ ePresentation over SWIFT provides banks with value-adding supply chain capabilities for their customers’ businesses while leveraging existing SWIFT infrastructure, giving corporates access to the largest, most secure multi-bank platform: the SWIFT network. + READ MORE
essDOCS to co-present with SWIFT at SWIFT Trade and Supply Chain User Conference: essDOCS CEO Alexander Goulandris and Andre Casterman, Head of Corporate & Supply Chain Markets SWIFT to jointly present at the SWIFT Trade and Supply Chain EMEA User Conference. + READ MORE
essDOCS & SWIFT at Europe Trade Finance week 2014: essDOCS and SWIFT to jointly present on the use of ePresentation and electronic bills of lading at Europe Trade Finance Week 2014 hosted by GTR in Hamburg. + READ MORE
CargoDocs™ BPO solution to be launched in 2014: Our eagerly anticipated BPO project is very close to launch and will include complete integration with SWIFT’s BPO matching engine (TSU), enabling control over release of electronic bills of lading on a successful BPO match. + READ MORE
CargoDocs™ eDocumentary Collection planned for use in Agri: We plan to launch our eDocumentary Collection functionality with an upcoming trade on behalf of a major essDOCS Agri Customer, with plans for the transaction to take place in Q3 2014. + READ MORE
More info on CargoDocs™ electronic bill of lading (eB/L) can be found here
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