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essDOCS Newsletter Q2 2014

Paperless Trade
electronic bill of lading

The 2nd quarter was marked by a major industry development when BIMCO issued a new electronic bill of lading clause for charter parties, yet another crucial step towards the widespread adoption of eDocs in dry bulk trade. Furthermore, major customers in both Agri and Tanker successfully used eB/Ls for the very first time - also extending to the first ever implementation in Vegoil trade - while on the Barge front, at the request of customers to extend our solution functionality, we rolled out a major product upgrade. Lastly, on the trade finance side, we continued to see accelerated interest for both eUCP Presentation and Bank Payment Obligation, driven by growing demand from corporates to adopt electronic Trade finance.

Industry News


BIMCO publishes Special Circular on Electronic Bills of Lading: New BIMCO eB/L clause for charter parties is as a major development in ensuring wider eDocs acceptance. + READ MORE

Tanker News   


Petrobras completes trial using eB/Ls: The fuel oil shipment marks Petrobras’ first use of electronic bills of lading, with Brazil being added as yet another key region where our eB/Ls are used in energy trade. + READ MORE

First use of eB/Ls in Vegoil trade: The successful trade was completed by an essDOCS Agri customer, involving a cargo of Crude Sunflower Oil transported from the Black Sea to Rotterdam. + READ MORE

Preem Gothenburg Refinery Goes Live with CargoDocs™: The internal shipment is part of Preem’s plan to commence the use of eDocs on internal shipments for 6 months before expanding to exports with third party buyers in Q3 2014.  + READ MORE

Bulker News


Bunge commences first shipments using eB/Ls: Bunge successfully completes a series of four shipments using our electronic bill of lading solution. + READ MORE

essDOCS workshop at AEXA Sugar & Alcohol Exporters Association: Our VP Bulker recently ran a workshop on Bulker solutions at the Sugar & Alcohol Exporters Association (AEXA) in Sao Paolo, Brazil. + READ MORE

Barges News


essDOCS releases new version of CargoDocs™ for Barges: Latest version of our Barge solution released to production, featuring major improvements in functionality, accessibility and ease of use. + READ MORE

Electronic Barge Nominations discussed at 2nd European Oil Barge Conference: Our Barge eNoms solution credited with ‘speeding up the nomination process, improving terminal efficiency, saving time and money on the way’. + READ MORE 

Trade Finance News


Mizuho bank signs on to CargoDocs™: Mizuho joins a growing number of global banks looking to adopt electronic Trade Finance to further support their corporate customers' use of eUCP Presentation. + READ MORE 

essDOCS at SIBOS 2014: Our Head of Liner & Bulker to speak on the growing digitization of commerce and finance at the world’s premier financial services gathering. + READ MORE

essDOCS at GTR Asia Trade Finance Week 2014: Our VP Asia Pacific to speak on Asia-wide adoption of BPO at the world’s largest trade finance gathering. + READ MORE

Combining CargoDocs™ with SWIFT discussed at Trade & Supply Chain Conference:  Focusing on the digitization of corporate-to-corporate and corporate-to-bank trade flows within the framework of combining our solutions with SWIFT for Letters of Credit (L/Cs) and BPO. + READ MORE

essDOCS Company News


Nine Years essDOCS: Having set a course nine years ago with a destination to 100% paperless trading, the journey continues! + READ MORE

CargoDocs™ in Numbers 


Read more on CargoDocs™ electronic bill of lading (eB/L)

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