The growing digitisation of trade emerged as an overarching theme throughout the 3rd quarter, particularly within the context of combining electronic bills of lading with trade finance instruments such as ePresentation and Bank Payment Obligation. Beyond simply being a catch-phrase, digitisation is now seeping into the 'mainstream' of global trade processes, as we move away from theory-based discussions and begin to truly focus and evaluate practical aspects, i.e. nurturing a digital ecosystem which will eliminate real-world implementation issues and enable better cooperation between all stakeholders - key drivers towards achieving a truly paperless future within the industry.  

Industry News & Views:

Cargill’s Digital Drive to save Industry millions: Cargill's Matt Shellabear reveals to The Corporate Treasurer how global eDocs adoption in Agri can lead to upwards of $100 million annual efficiency savings. + READ MORE

EU Council adopts eBusiness Rules: The Council of the European Union takes a major step towards suppporting wider adoption of paperless, electronic practices in cross-border transactions. + READ MORE

FIATA makes case for a Paperless Industry: The FIATA Review makes a strong case for a paperless forwarding industry, outlining key benefits and innovations in electronic trade processes. +READ MORE

Entering a New Era in Commerce & Finance: Within the framework of SIBOS 2014 discussions, SWIFT’s Andre Casterman weighs in with insights on how to achieve a truly digitised global trade landscape. + READ MORE

Digital Shipping Platforms cut $694 million in Errors: According to Bloomberg’s Isaac Arnsdorf, a digitised shipping industry can potentially eliminate up to $684 million in human errors. + READ MORE

SKULD issues Note on BIMCO eB/L Clause for Charter Parties: Scandinavian P&I Club issues note on the recent BIMCO eB/L charter party clause, acknowledging growing use of eDocs in Dry Bulk trade. + READ MORE

'Who is steering International Trade?': Tim McGrath discusses the emerging role of intermediary service providers in simplifying trade and establishing common governance in global trade processes. + READ MORE

SIBOS TV - The Growing Digitisation of Commerce & Finance: Our very own Head of Liner & Bulker, Ashley Skaanild, weighs in on the growing digitisation of commerce & finance for Sibos TV. + READ MORE

'BPO & Friends have a stranglehold on the LC and will soon finally lay it to rest..': essDOCS contributor Ron Wells provides insights on BPO, perceived as a vastly superior alternative to Letters of Credit. + READ MORE

Digitising Oil & Gas: McKinsey & Co. provide insights on the digitisation / automation of the Oil & Gas industry – including Supply Chain processes - seen as substantially accelerating operational efficiency to improve the bottom line. + READ MORE

essDOCS Company News:

essDOCS Opens Americas HQ: US East Coast office to serve customers in the Americas; set to advance essDOCS' wider global eDocs adoption strategy. + READ MORE
 

FIATA & essDOCS launch electronic FIATA Bill of Lading (eFBL): Eagerly anticipated eDoc solution now open to FIATA members and their customers. + READ MORE

CargoDocs News:

First Grain Shipment ex-Uruguay using CargoDocs: Involving a major essDOCS Agri Customer. +READ MORE

Trafigura completes first transaction using CargoDocs for Bulker: Involving Iron Ore cargo ex-Australia. + READ MORE

Agri Market expands eDocs use to 3rd Party Buyers: First use of CargoDocs for Bulker by a 3rd party buyer. + READ MORE

ANZ concludes first trade transaction using CargoDocs: Joins growing number of banks adopting CargoDocs. + READ MORE

OilTanking goes live with CargoDocs for Barges: at Oiltanking Stolthaven Antwerp.  + READ MORE
 

essDOCS releases new version of CargoDocs for Barges: Featuring major improvements. + READ MORE

1st Annual CargoDocs Users & Stakeholders Conference: slated to take place Autumn 2015 in London. + READ MORE

 

CargoDocs in Numbers