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Paperless Trade Insights Q3 2021

Tags
Paperless Trade
Trade Digitization
trade finance
Digital Trade
eDocs
CargoDocs
ESG
COVID-19
electronic bill of lading
eB/L
ICC
URDTT
Agri
ePhyto
eTIR
IRU
IGTC
DSI
Blockchain
Certificate of Origin
Metals & Minerals
Hydro
LME
DCX
iGTB
Triterras
Maybank
Roy Hill
  Paperless Insights Q3 2021 HEADER

In our latest quarterly issue: Embedding ESG in digital trade & trade finance processes, overcoming interoperability challenges amid the recent Covid-fuelled surge in demand for digital trade solutions, key eDocs milestones across the globe + much more! + SUBSCRIBE

Industry News & Views

BATTLE THUMBHow the electronic bill of lading became a battleground for trade digitisation: GTR examines why the last 18 months have seen a decisive shift to digital trade, particularly with respect to the eB/L, which is now receiving an ‘outsized amount of attention' (source: GTR). + READ MORE

GOV UK THUMBUK Government publishes digital trade objectives policy paper: UK Government recently published a Digital Trade Objectives policy paper, covering its 5-point digital strategy aimed at improving trade processes & future-proofing the sector (source: Gov.uk). + READ MORE

Dev asia thumbEnabling the Digital Transformation of Global Trade in the New NormalAn insightful view from industry participants on enabling digital transformation in global trade, focusing mainly on legal / regulatory reform and standards (source: Development Asia). + READ MORE

cracking paperless thumbCracking the paperless trade puzzle  the future is nearer than you think: Hannah Nguyen, Dep. Director of the ICC Digital Standards Initiative (DSI) goes in-depth with FIATA to discuss the DSI’s work in advancing the trade digitization agenda (source: FIATA). + READ MORE

obsolete tech thumbObsolete tech is clogging up global trade. Here's how to unblock it: Exploring how tech can increase shipping & trade efficiency, currently hampered by outdated systems unable to keep up with increased demand during the post-pandemic recovery (source: WEF). + READ MORE

zd thumbAustralia & Singapore complete blockchain-based trial of cross-border trade docs: The trial involved certificate of origin verification, testing interoperability of two digital verification systems, ABF's Intergovernmental Ledger (IGL) & IMDA's TradeTrust (source: ZD Net). + READ MORE

esg tmi thumbPodcast Embedding ESG in trade and supply chains: TMI speaks with HSBC’s Surath Sengupta on how treasurers can embed ESG in their trade and trade finance processes, plus key tips on how to improve ESG KPIs and more (source: TMI). + READ MORE

islands thumbWhy trade innovation risks being stranded on digital islands: Experts weigh in on the Covid-fuelled surge in digital trade, which has led to an increase in ‘digital islands’ that must now be bridged via common standards, better technology & legal reform (source: GTR). + READ MORE

phyto interview thumbIPPC ePhyto Solution – Enhancing safety in trade and global cooperation: Alejandra Danielson Castillo, Co-Chair, IPPC ePhyto Industry Advisory Group, provides an update on recent ePhyto Hub successes plus key uptake figures (source: Miller Magazine). + READ MORE

TF training thumbFinal draft of Uniform Rules for Digital Trade Transactions (URDTT)Voting has concluded on the ICC’s upcoming Uniform Rules for Digital Trade Transactions (URDTT v1.0), with implementation of the rules expected during October 2021 (source: tradefinance.training). + READ MORE

cjc thumbA new dawn for the e-bill of lading: Cecilie Rezutka, Associate at law firm Campbell Johnston Clark, highlights the recent growth in use of eB/Ls and provides a practical overview of common legal considerations for companies looking to use eDocs (source: CJC). + READ MORE

eTIR UAE ThumbUnited Arab Emirates signs up to digital TIR: The UAE becomes the first country in the Gulf Cooperation Council region to adopt the eTIR system for digitizing cross-border truck movements (source: IRU)+ READ MORE

LL thumbNew normal to herald paperless trading for shipping: Highlights from a Reed Smith-hosted London Int’l Shipping Week panel discussion, feat. industry experts discussing key challenges & opportunities facing the sector in a changing world (source: Lloyd's List). + READ MORE

FINEXTRA NEW THUMBTechnology holds the key to driving greater sustainability in global trade: Contour CEO, Carl Wegner, shares his insights on the intersection between trade & trade finance, digital technology, and Environmental, Social & Governance (ESG) requirements (source: Finextra). + READ MORE

IGTC 2021 THUMBIGTC Notice to Trade: digitalized exchange of phytosanitary certificatesInternational Grain Trade Coalition (IGTC) issues a notice calling on the agri industry to embrace the IPPC ePhyto, while recognizing recent strides in key eDocs such as eB/Ls & eCOs (source: IGTC). + READ MORE

WHISTLESTOP THUMBTrade digitization around the world: a whistle-stop tour: A look at recent efforts from governments across the globe in enacting legislation supporting the use of digital trade documents such as electronic bills of lading (eB/Ls) (source: GTR). + READ MORE

Bloomberg law thumbUsing Tech Can Accelerate International Trade Compliance: US-focused insights into the ever-increasing compliance requirements in shipping and trade, making a strong case for adopting digital solutions to enhance trade compliance (source: Bloomberg Law). + READ MORE

essDOCS News

hydro news thumbHydro goes live with CargoDocs for Brazilian Alumina Exports, selects solution as winner of eDocs RFPNorsk Hydro goes live with eB/Ls for export shipments, after selecting CargoDocs to power its move to eDocs for all alumina exports out of its Alunorte Brazilian asset. + READ MORE

ihsm thumb newsLMEpassport platform for digitizing metals certificates of analysis goes liveLMEpassport is now live, following a competitive bid where the London Metal Exchange (LME) selected IHS Markit, in partnership with essDOCS, to develop the solution. + READ MORE

dcs news thumbDigital Commodity Exchange (DCX) & essDOCS partner to expand digital trade uptake in rice and fertilizer commodity verticalsDCX partners with essDOCS, integrating CargoDocs with its RiceX and FertX platforms to enable eDocs capabilities for its users. + READ MORE

igtb news thumbiGTB & essDOCS partner for digitalisation and automation of trade finance processes: Enabling iGTB bank & corporate users to access CargoDocs’ eDocs capabilities and use the solution for trade finance transactions under LCs, Doc Collections +more. + READ MORE

maybank thumb 2021Maybank Singapore goes live with CargoDocs ePresentation: Maybank Singapore is now live with CargoDocs, adopting ePresentation as a crucial part of its digital trade finance roadmap and to support Maybank Group's 'M25' vision to be digitally agile. + READ MORE

rh news thumbRoy Hill goes live with CargoDocs: Australian mining company, Roy Hill, is now live with CargoDocs, recently executing a series of shipments using electronic bills of lading for transactions on open account and under eUCP letter of credit. + READ MORE

triterras new thumbTriterras Announces Collaboration with essDOCS to Digitize Bulk Cargo Trade Operations: SG-headquartered fintech company, Triterras, partners with essDOCS to accelerate use of digital trade docs for its global community of commodity traders. + READ MORE

essDOCS in Numbers

Paperless Insights Q3 2021 Metrics

 

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