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Paperless Trade Insights Q2 2015

bank payment obligation
BHP Billiton
doc prep
paper fraud
Paperless Trade
Rio Tinto
Ten Year Anniversary
trade finance
Zeeland Refinery

Q2 2015 marked our Ten Year Anniversary, as we reinforced our commitment to our core mission of enabling paperless trade amid major breakthroughs and customer success stories. A key milestone in trade finance & cross-border payments was achieved with the world's first BPO plus eDocs (BPO+) transaction, paving the way for further uptake of the cutting-edge solution and receiving major attention in both the trade and mainstream media - garnering accolades for innovation in the process. Other notable breakthroughs included the successful deployment of DocPrep 2.0 (following a competitive tender win for BHP Billiton's global DocPrep solution earlier in Q2), Zeeland Refinery going live with eBRs and moving a step closer to becoming the world's first 100% Paperless Refinery, the signing of an operational agreement to expand eDocs use by Vale and many more. In Industry news, the growing digitisation of trade was a dominant theme amid recent success stories, though concerns over paper fraud continued to reinforce the need for secure, digitised trade & finance processes.


Industry News & Views

TrTime for the banking industry to get behind the BPO: Commerzbank's Angela Koll presents a strong case for banks to adopt Bank Payment Obligation (source: Treasury Insider)+ READ MORE

citiLondon court rules on Citi v Mercuria Quingdao Fraud Case: The impact of paper fraud in warehouse financing continues to be felt across the world's trading community (source: Global Trade Review)+ READ MORE

CNBCCommodities Trade Finance goes Electronic after Centuries of Paper: CNBC covers recent developments in the digital trade finance space, including the first ever CargoDocs BPO+ transaction+ READ MORE

BPOIs the tide turning for the Bank Payment Obligation?: essDOCS Head of Trade Finance, Ashley Skaanild, weighs in on the rise and rise of Bank Payment Obligation (source: Treasury Today)+ READ MORE

LOThe Logistics of Committing Fraud on an Industrial Scale: Another alarming case of shipping document fabrication on an industrial scale in China (source: South China Morning Post). + READ MORE

ALEXThe World is moving to Paperless Trade: essDOCS CEO, Alexander Goulandris, talks to The Maritime CEO about the industry's continuing shift to global paperless trade. + READ MORE

ESCAPUN releases Trade Facilitation & Paperless Trade Implementation Survey: UN ESCAP report shows significant progress in paperless uptake but ample room for improvement+ READ MORE

technologyThe most innovative Technology Firms in Transaction Services today: Featuring essDOCS in recognition of Product Innovation for CargoDocs BPO+ (source Global Finance). + READ MORE

stTrade is going Digital, finally: Standard Chartered’s Michael Vrontamitis on the wide-reaching impact of trade digitisation for companies & consumers alike (source: Standard Chartered ‘Beyond Borders’). + READ MORE

ctmHow to use eDocs in Paperless Trade (VIDEO): Our very own Alexander Goulandris talks paperless trade, BPO & key drivers of trade digitisation with's Jack Large. + READ MORE

bA New Digital Era for Trade: JP Morgan heralds New Digital Era for Trade, calling on the financial supply chain to make the essential shift towards digital processes (source: JP + READ MORE

corp trTreasurers prefer Electronic-based Trade: Research sourced from almost 1000 Asia-based treasurers & CFOs reveals significant preference for eDocs & paperless trade (source: Corporate Treasurer). + READ MORE

wsjCloud Computing Gains Traction in Cargo Shipping Industry: The Wall Street Journal weighs in on the increasing adoption of cloud-based technology in shipping. + READ MORE


essDOCS Company News

innessDOCS wins Global Finance Innovators 2015 Transaction Services Award: Selected for its contribution to Product Innovation with recently-launched CargoDocs BPO+ solution. + READ MORE

bhpbessDOCS wins tender for Global BPH Billiton DocPrep Solution: Beating competition from global software & technology majors to develop & deliver harmonized document preparation solution. + READ MORE

10Ten Years Propelling Paperless Trade: essDOCS celebrates its Ten Year Anniversary amid major milestones & breakthroughs, renewing its commitment to the company's core mission of enabling Paperless Trade. + READ MORE

bpo plusessDOCS enables world’s first Bank Payment Obligation plus eDocs (BPO+) transaction: Major milestone for global trade finance & cross-border payments achieved with 4-corner BPO+ transaction involving BHP Billiton, Westpac, Cargill & ANZ+ READ MORE

insessDOCS launches CargoDocs Insurance Booster: Enabling customers to significantly extend their current free insurance coverage per electronic Bill of Lading for a low flat annual fee. + READ MORE

ddg metalsessDOCS Users Association holds first China DDG Metals & Minerals Workshop: Attended by approx. 100 delegates from the 3 major miners, 28 steel mills & trading houses and 12 banks. + READ MORE

valeVale signs operational agreement with essDOCS: To expand use of CargoDocs electronic Bills of Lading for iron ore trade, including financed shipments under eUCP Letters of Credit. + READ MORE

dcessDOCS releases DocPrep 2.0: Featuring major improvements in functionality, accessibility and ease of use. + READ MORE


CargoDocs News

ZeelandZeeland Refinery goes live with CargoDocs electronic Barge Receipts: Fueling its rapid journey to becoming the world’s first 100% paperless refinery. + READ MORE

CSCredit Suisse embraces CargoDocs for Trade Finance: In order to support corporate customers’ use of eUCP Presentation & eDocumentary Collection. + READ MORE

bank commBank of Communications signs on to CargoDocs for Trade Finance: Becoming the 5th China-based banking group to sign on to the solution. + READ MORE

coalCoal trade embraces CargoDocs: First use of CargoDocs eB/Ls in coal trade for a shipment ex-Australia to South Korea. + READ MORE

rio tintoRio Tinto goes live with CargoDocs: Becoming the 3rd mining major to adopt CargoDocs electronic Bills of Lading for iron ore trade. + READ MORE

refessDOCS publishes first in series of CargoDocs Case Studies: Covering real-word impact & benefits of paperless trade for Terminals & Refineries+ READ MORE

cnbcCargoDocs in the Press: CargoDocs for Trade Finance featured in prominent mainstream media outlets including Reuters, CNBC & Yahoo Finance. + READ MORE

trinidadTrinidad & Tobago embraces CargoDocs: First ever use of CargoDocs eB/Ls ex-Trinidad involving a crude oil shipment to Baton Rouge, USA. + READ MORE


essDOCS in Numbers



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