essDOCS to provide eDocs service to major independent energy trading company

VALETTA, MALTA, 1 March 2011: essDOCS, the leading shipping eDocs provider is pleased to announce that Gunvor International has signed up to use its electronic Safety Data Sheet (eSDS) Services.

eSDS services enable users to comply with global and regional legislation which require the production and distribution of Safety Data Sheets, as well as providing significant time and money saving compared to paper processes.

Alex Goulandris, chief executive officer of essDOCS said:

“We are delighted to welcome Gunvor International as the 25^th customer of our eSDS Services. eSDS has already been shown to provide real value to users such as Gunvor who need to be compliant with current regulation but also wish to increase their efficiency in document management processes.”

SDS compliance obligations require cargo owners to manage, send, track and store multi-lingual safety data sheets when hazardous cargoes are transported. Gunvor International will use the service to comply with the requirements of the Registration, Evaluation, Authorisation and Restriction of Chemical substances (REACH) regulations. Global compliance is also provided to requirements of the Globally Harmonised System (GHS).

essDOCS eSDS services enable simple and efficient production and transmission of SDSs as well as providing additional functionality to users. An eSDS can be automatically re-sent should a safety data sheet change and in addition, eSDSs are stored for 10 years with a full audit trail of all recipients and readers. Users can build their own proprietary library of eSDS material or take advantage of a shared library maintained by testing industry leader SGS.

eSDS documents are generated and managed safely and securely online, via the essDOCS Databridge- eDocs Exchange. The essDOCS Databridge-eDocs Exchange combines a legal framework to access the exchange and IT platform to enable users to transact eDocs legally.

eSDS Services were launched in July 2009 with development input from essDOCS clients such as Morgan Stanley, Hess Corporation, JPMorgan, Mercuria Energy Group, Barclays Capital, Trafigura and Noble Corporation.

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About Gunvor International

Gunvor International BV is registered in Amsterdam with a major trading operation in Geneva. The Group has a number of offices and entities around the world, with Asian operations being handled out of Singapore. One of the world's major independent energy trading companies, Gunvor is a market leader in the trade, transport, storage and optimisation of global oil and petroleum products.

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