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Paperless Trade Insights Q3 2022

Paperless Trade
Digital Trade
trade finance
electronic bill of lading
Phytosanitary Certificate
Digital Standards
ETD Bill
  Paperless Insights Q3 2022 HEADER

In our latest quarterly issue: eB/L platform interoperability efforts ramp up, paper-based trade & trade finance document fraud comes back to the fore, the promise of digital trade policy in times of economic uncertainty + much more. + SUBSCRIBE

Industry News & Views

dcsa thumb q3 2022 Digital Container Shipping Association (DCSA) begins final phase of eB/L platform interoperability proof of concept: Involving several ocean carriers, ExxonMobil, and eB/L solution providers such as essDOCS (source: DCSA). + READ MORE

BIMCO BL THUMBBIMCO publishes Electronic Bill of Lading Standard for Bulk Shipping: Comprising of a structured dataset of 20 predefined data fields common to wet and dry bulk bills of lading (source: BIMCO). + READ MORE

UK DIGITISE TRADE THUMB EDT ETCUK has a grand plan to digitise trade. It might just work: Trade policy experts weigh in on the UK government’s digital trade plans, including the upcoming Electronic Trade Documents (ETD) Bill, and address critics who say they are too ambitious (source: Tech Monitor). + READ MORE

DIGITAL ECON AGREEMENTS THUMBDigital economy agreements are a new frontier for trade – here's why: Making the case for Digital Economy Agreements (DEAs) as a tool for overcoming digital trade policy fragmentation, covering DEAs such as DEPA (Chile-NZ-Singapore) and others (source: WEF). + READ MORE

AU ECERT THUMBeCert with the EU – celebrating a ton of exports!: Australia celebrates 100 days of paperless export certs with the EU for meat, dairy & seafood products, via its ‘eCert’ exchange for Sanitary & Phytosanitary Certificates (source: Dept. of Agriculture, Fisheries & Forestry). + READ MORE

BLOOMBERG METAL WARRANTS THUMBWhy Metals Keep Going Missing in Commodity Trade: Fascinating overview of cases involving warehouse warrant/receipt fraud, where dependency on paper often leads to large-scale fraudulent activity such as securing financing against fake paper docs. (source: Bloomberg). + READ MORE

TBML GTR THUMBTrade-based money laundering (TBML) – The paper trail: Exploring how tech can mitigate TBML risks and enhance data sharing between banks, amid growing evidence that criminals are exploiting paper-based documentary trade finance to move cash (source: GTR). + READ MORE

HFW ESSDOCS LOI THUMBDischarge without original B/Ls – Letters of Indemnity (LOIs) from a charterer/trader’s perspective: Exploring legal risks of discharging against LOIs instead of original B/Ls, incl. a real-world case & steps to reduce risk if LOIs are needed (source: essDOCS via HFW). + READ MORE

INDONESIA RCEP THUMBIndonesia approves membership of China-backed trade deaI: Formally joining the world’s largest free trade agreement, the Regional Comprehensive Economic Partnership (RCEP), involving 15 countries which account for ~30% of global GDP (source: Reuters). + READ MORE

GTR BLOCKCHAIN HYPE THUMBTrade’s blockchain proponents face reality check as hype fades: Industry experts weigh in on the current state of blockchain technology in trade and trade finance, following the recent failure of a large bank-backed blockchain initiative (source: GTR)+ READ MORE

ERULES TRADE VIDEO THUMB VIDEO: E-rules for trade explained – URDTT, eURC, and eUCP: Video panel from ICC Austria’s Trade Finance Week, exploring the differences between the ICC’s core rulesets for facilitating digital trade transactions: namely the UCP, eURC, and URDTT (source: TFG). + READ MORE

ICC PAPER COMPARISON URDTT EDT THUMBPaper – ICC Uniform Rules for Digital Trade Transactions (URDTT) and UK Electronic Trade (ETD) Bill: ICC Centre for Digital Trade & Innovation (C4DTI) released a paper explaining how the ICC's URDTT are compatible with the UK Government's ETD Bill (source: ICC). + READ MORE

UNCTAD TRADE STATS WEBSITE THUMBNew UNCTAD website monitors global trade & GDP in real time: Interactive website provides real-time estimates on global trade & GDP, shedding light on the impact of global economic pressures such as the war in Ukraine and persistent inflation (source: UNCTAD). + READ MORE

TFG SME TRADE FINANCE RESEARCH THUMB2022 SME Trade Finance Research: Findings from a recent survey of SMEs in Belgium, Netherlands, Germany and UK, exploring SME trade finance usage and propensity to pay for trade finance products in a challenging macroeconomic environment (source: TFG). + READ MORE

FAO EPHYTO ELEARNING THUMBeLearning – Phytosanitary Export Certification System: UN Food & Agriculture Organization (FAO) launches e-Learning course for stakeholders involved in the Phytosanitary Certificate process (source: FAO). + READ MORE

essDOCS News

SG LAW THUMB Q3 2022 NEWSLETTERessDOCS enables first ever electronic Bill of Lading transaction under Singapore Law: A major milestone for digital trade, as essDOCS recently enabled the first ever eB/L transaction under Singapore law, involving BHP, Jinchuan Group, NAB and Ocean Network Express. + READ MORE

Q3 NEWSLETTER METALS 2H 2022 NEWS THUMBCargoDocs Metals & Minerals Paperless Trade Newsletter (1H 2022): Update on the CargoDocs metals & minerals ecosystem, feat. key facts and figures on paperless trade uptake, network expansion across new commodity-types / trade lanes and more+ READ MORE

UPCOMING WEBINAR SURVEY THUMBUpcoming Paperless Trade Webinars – Feedback Survey on Proposed Webinar Topics: What topics would you like us to cover in our upcoming paperless trade webinars? Take our brief 1min survey on the digital trade & trade finance areas of most interest to you. + READ MORE

essDOCS in Numbers

Paperless Insights Q3 2022 Metrics


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