New dltledgers CRO intent on digitally transforming global trade finance

As port congestion and shipment delays grasp consumers’ attention worldwide, the pressure grows for optimized supply chains. While fingers point to port operations and capacity constraints, trade finance could use operational advancements as well.

Trade finance produces the credit and insurance needed for global transactions. These transactions are not conducted simply by an importer and exporter. They include each party’s bank, a freight forwarder, the insurer and inspector, customs, document...

https://www.freightwaves.com/news/new-dltledgers-cro-intent-on-digitally-transforming-global-trade-finance

Rotterdam and Singapore proceed with eBL trials

Singapore and the Netherlands have collaborated since 2019 to explore electronic bills of lading (eBL) on the Europe-Far East trade lane where Singapore and Rotterdam are two major transhipment ports.

This trial demonstrated that an eBL issued by one platform could be verified and processed by another digital trade platform, according to an announcement by the Port of Rotterdam Authority.

“Before we can start making extensive use of this new option, countries will need to adapt their legislation...

https://container-news.com/rotterdam-and-singapore-proceed-with-ebl-trials/

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