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Paperless Trade Insights Q1 2020

Paperless Trade
Trade Digitization
trade finance
Digital Trade
bill of lading
Certificate of Origin
Phytosanitary Certificate
Rio Tinto
Bosai Minerals
  Paperless Insights Q1 2020 HEADER

In our latest quarterly issue: Paperless trade as a key enabler of business continuity in the age of Coronavirus lockdowns, safeguarding trade participants’ health through digitization, accelerating global eDocs acceptance amid COVID-19 supply chain disruptions, key digital trade & trade finance milestones across diverse commodity verticals plus much more! + SUBSCRIBE

Industry News & Views

SP GLOBAL THUMBTrade finance digitization faces 'tipping point' amid coronavirus lockdowns: Demand for digital trade finance solutions is growing in light of COVID-19, with tech firms seeing the crisis as a potential tipping point for the industry to go digital (source: S&P Global). + READ MORE

BG THUMBCoronavirus Is Wreaking Havoc on Global Mail Delivery: Early coverage from the outset of the pandemic explores how COVID-19 has severely impacted shipping & trade document flows due to continued reliance on hand-delivered paper documents (source: Bloomberg). + READ MORE

WEF THUMB5 ways to digitalize logistics & boost trade: The World Economic Forum identifies 5 key pillars of digitizing logistics & trade to spur global economic growth, incl. cross-border interoperability, digitizing financial & documentary flows, shared visibility + more (source: WEF). + READ MORE

NORDEA COVID COVID-19 and the consequences for Trade Finance: Assessing questions that COVID-19 raises for Trade Finance types such as Documentary Credits, Standby LCs etc., particularly in relation to what constitutes a ‘Force Majeure’ situation (source: Nordea Open Insights). + READ MORE

APHISUSDA & US Customs announce acceptance of ePhyto Certificates: The USDA Animal & Plant Health Inspection Service and U.S. Customs & Border Protection announce acceptance of electronic Phytosanitary Certificates, effective immediately (source: USDA). + READ MORE

ROY SANTANA LIInternational Trade in the time of COVID-19: Insights from a WTO Customs expert on current trade regulations / guidelines for medical & cleaning products (incl. toilet paper!), all of which are experiencing a huge surge in demand (source: Roy Santana via LinkedIn). + READ MORE

HSBC BCHSBC: Blockchain platform will keep trade finance smooth despite coronavirus: A snapshot of blockchain trade finance solutions, incl. the soon-to-be commercially launched Contour (formerly Voltron) platform (source: Cointelegraph). + READ MORE

EBRDEBRD announces emergency trade finance support measures: The European Bank for Reconstruction & Development announces trade finance support measures as part of its emergency €1bn Coronavirus 'solidarity' package (source: GTR). + READ MORE

OMANOnly electronic air waybills to be accepted in Oman: Oman leads the way in paperless trade, announcing it will only accept electronic Air Waybills from 1 April 2020 onwards, completely eliminating the use of physical paper bills for air cargo (source: Times of Oman). + READ MORE

CLECATCall on the Commission to address Customs issues: The European Assoc. for Forwarding, Transport, Logistics & Customs Services (CLECAT) calls on the European Commission to take COVID-19 relief measures, incl. eDocs & eCerts acceptance (source: CLECAT). + READ MORE

ICC TRADETRUSTICC partners with Singapore govt, banks & businesses in digital trade initiative: An overview of the TradeTrust digital initiative, involving the ICC, Singapore government, plus banks & corporates working towards a framework for digital trade (source: GTR). + READ MORE

SG NZ CHILESingapore, New Zealand & Chile inch towards digital economy pact: The three nations move close to signing a digital economy agreement connecting their customs single windows to enable interoperability and drive eB/L and eCO use (source: ZDNet). + READ MORE

HBR DIVIDECoronavirus Is Widening the Corporate Digital Divide: HBR contributors argue that although COVID-19 has greatly increased the stakes for digital transformation, a massive, yet-to-be-addressed 'digital divide’ has now taken shape in business & society (source: HBR)+ READ MORE

SG AUSTSingapore, Australia to collaborate on digital economy initiatives: Singapore & Australia ink multiple agreements to collaborate on AI, digital identities, e-payments, and cross-border data flow as part of a bilateral digital economy agreement (source: ZDNet). + READ MORE

RAC THUMBHow will blockchain transform trade finance?: A financial journalist argues that widespread commercialization of blockchain could transform trade finance, unlocking trillions through cost-savings and process efficiencies (source: Nick Easen via Raconteur). + READ MORE

essDOCS News

NGFA THUMBNGFA-member group adopts CargoDocs to digitize 100k Agri B/Ls per year: NGFA-member group consisting of leading US agribusinesses selects CargoDocs to form the backbone of a nationwide digital barge document platform for its members’ trades. + READ MORE

TOTSA TOTAL Trading & Shipping goes paperless for Barges at SEA-Tank 300 Terminal: TOTAL  moves to 100% paperless for all loadings at SEA-Tank 300 Terminal, no longer requiring Masters to disembark ships or inspectors to physically print, sign or distribute documents. + READ MORE

RIO BOSAIRio Tinto & Bosai Minerals execute first ever paperless bauxite shipment: The two Companies, supported by DBS Bank and Agricultural Bank of China, recently achieved a major digital trade milestone with the 1st ever paperless trade in the bauxite segment. + READ MORE

SYRAH THUMBSyrah Resources adopts and expands use of CargoDocs: essDOCS customer and leading graphite producer, Syrah Resources, expands digitization of its trade document processes via an integrated implemetation of CargoDocs. + READ MORE

EC THUMB TRANSITIONessCert completes user migration for over 15,900 eCertify customers across 5 countries: Moving thousands of users to our upgraded essCert eCO solution, making it the world's largest, most sophisticated platform of its kind. + READ MORE

essDOCS in Numbers

Paperless Insights Q1 2020 Metrics



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