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Paperless Trade Insights Q3 2020

Paperless Trade
Trade Digitization
trade finance
Digital Trade
Trade Facilitation
bill of lading
Certificate of Origin
Portall Infosystems
Infosys Finacle
Arch Resources
Rio Tinto
  Paperless Insights Q3 2020 HEADER

In our latest quarterly issue: Trade digitization as a key enabler of supply chain resilience during Covid-19 disruptions, the drive towards digital trade standards and paperless trade facilitation, key digital trade & trade finance milestones across the globe plus much more! + SUBSCRIBE

Industry News & Views

SC BRAIN THUMB DCSACOVID and the case for digital standards: Digital Container Shipping Association (DCSA) whitepaper posits that the container shipping industry can save $4B annually if it implements the DCSA's proposed eB/L standards (source:SupplyChainBrain via DCSA). + READ MORE

mckinseyRisk, resilience, and rebalancing in global value chains: A report on building supply chain resilience in light of Covid-19 argues that digital trade can deliver major benefits to efficiency & transparency that are yet to be fully realized (source: McKinsey Global Institute). + READ MORE

SC FINTECHBanks View Digitising Trade Finance as a Top Priority: Highlights from the ICC's 2020 Trade Finance Survey, where 77% of the 346 banking respondents consider transitioning to digital as a key means to grow their trade finance business (source: FintechNews Singapore). + READ MORE

rules as data‘Rules as data’ – 21st century answer for trade facilitation?: Insightful opinion piece advocating for an Internet of Rules (IoR), rules-as-data approach for trade, to harmonize standards & address inequalities in access to information & digital compliance (source: EIF). + READ MORE

escapTrade facilitation in times of pandemic  practices from South and South West Asia: Investigating the region’s progress in trade facilitation measures implemented, plus further opportunities in digitizing customs procedures & more (source: UNESCAP). + READ MORE

BNNAfrica Trade Pact Negotiators to Fast-Track E-Commerce Talks: Negotiations for e-commerce and digital trade under an Africa-wide free trade pact will be fast-tracked as Covid-19 heightens the need for a legal & governance framework (source: Bloomberg News Network). + READ MORE

TXF THUMBTime to double down on trade digitisation? On counting virtual beans: TXF’s Katherine Morton looks at the distinctions between virtual & real in trade digitization, examining how the crisis is impacting the drive to digital plus the challenges ahead (source: TXF). + READ MORE

LSE THUMBWhy trade facilitation reform requires mainstreaming digital technologies: A position on tech as a key bolster for trade facilitation efforts, while arguing that existing rules aren't able to meet the technical needs of a digitally-enabled economy (source: LSE Business Review). + READ MORE

IPPC PHYTO THUMBThe IPPC ePhyto Solutions Go Live in Fiji and New Zealand: The two nations join a growing list of countries moving to paperless Phyto Certificates to facilitate trade and act as a preventive measure during Covid-19 (source: IPPC). + READ MORE

VALE THUMBVale completes its first sale of iron ore using blockchain technology with Nanjing Iron & Steel: Vale continues to break new ground in digitizing metals supply chains with its first ever blockchain iron ore transaction, enabled by Contour & essDOCS (source: Vale). + READ MORE

ICC SURVEY TFICC Global Survey on Trade Finance (2020): Check out the ICC’s latest annual trade finance survey, feat. insights on the impact of Covid-19 & banks’ views on the key role of digital trade solutions in ensuring future trade/finance growth (source: ICC). + READ MORE

TF RISK DIGITALTrade Finance Digitization  The risks: GTR’s Maddy White argues that due to Covid-19, ‘make do’ solutions were introduced to keep goods moving, causing some concern for trade finance stakeholders over the risks of digitalization (source: GTR). + READ MORE

THUMB NGFDSWebinar Recording – NGFDS Barge Digital Transformation: Take a peek inside the NGFA-led NGFDS Barge Digital Transformation BDT) Platform, powered by CargoDocs, in a recording of a recent webinar hosted by NGFA & Grain Journal (source: NGFA)+ READ MORE

PODCAST THUMBPodcast Recording  Why the trade finance sector is ripe for reform: essDOCS Co-CEO Alexander Goulandris discusses reform and innovation in trade finance alongside Contour CEO Carl Wegner & CPO Joshua Kroeker (source: Contour). + READ MORE

INDIA WEBINAR THUMBWebinar Recording – Accelerating Digital Trade in India amid the 'New Normal': Expert panel insights on the Indian digital trade ecosystem, regional bank & corporate initiatives, and key regulatory efforts to accelerate digitization in India (source: Portall via Youtube). + READ MORE

ECONTrade finance stumbles into the digital era: essDOCS Co-CEO Alexander Goulandris speaks with The Economist for its coverage on how the Covid-19 pandemic is expediting digitization in the paper-based trade finance industry (source: The Economist). + READ MORE

essDOCS News

INFOSYS THUMBessDOCS Partners with Infosys Finacle for Blockchain Technology Led Trade Finance Automation: Announcing our partnership & integration of CargoDocs with Finacle Trade Connect to jointly accelerate digitization of trade finance for Indian banks & corporates. + READ MORE

PORTALL THUMBessDOCS & Portall partner to deliver electronic bill of lading and digital trade documents in India: Extending the use of CargoDocs eB/Ls in India, incl. integration with Portall’s P-CaSo platform connected to India’s Port Community System (PCS 1x). + READ MORE

TEMENOS THUMBTemenos adds essDOCS’ CargoDocs solution to Temenos MarketPlace to digitize Trade Finance processes: Announcing our partnership with Temenos, incl. the integration of CargoDocs with Temenos Transact & the addition of our solution to Temenos MarketPlace. + READ MORE

BDT THUMBUS Agri Houses & Barge Lines start testing Barge Digital Transformation (BDT) Platform: The NGFA-led Barge Digital Transformation (BDT) Platform, powered by CargoDocs, will digitize 100k annual North-South US Agri Barge shipments. + READ MORE

ARCH THUMBArch Resources & Javelin Global Commodities go live with Tata Steel Europe on CargoDocs: Paperless trade continues to expand in metals & minerals supply chains, as Arch Coal. & Javelin Global Commodities go live with CargoDocs for coal export. + READ MORE

POSCO THUMBPOSCO goes live with CargoDocs in Rio Tinto transaction: Korean steelmaker POSCO is now live with CargoDocs, having completed its first shipment using eB/Ls and marking the first ever use of CargoDocs for iron ore import into the Asian nation. + READ MORE

HYUNDAI THUMBHyundai Steel goes live with CargoDocs in Rio Tinto transaction: Korean steelmaker Hyundai Steel recently completed its first ever shipment using eB/Ls, acting as importer in a trade involving Rio Tinto as exporter. + READ MORE

PKO THUMBPKO Bank Polski becomes the first Polish bank to adopt CargoDocs: Signing up for CargoDocs ePresentation to support its corporate customers’ use of electronic presentation under eUCP Letters of Credit & eDocumentary Collections. + READ MORE

LITHUANIA THUMBLithuania embraces essCert electronic Certificates of Origin: Lithuanian Chambers Of Commerce embrace essCert electronic Certificates Of Origin, joining the world's largest eCO network. + READ MORE

ESSCERT THUMBRecord-breaking 100k monthly documents processed using essCert: essCert electronic Certificate Of Origin (eCO) uptake hits record-breaking levels, exceeding 100k documents processed during June. + READ MORE

essDOCS in Numbers

Paperless Insights Q3 2020 Metrics


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