Carrier community recognises eBLs as new norm

Posted by Gemma Kimber

10 Jul 2014

By Aline Bezerra, Carrier Product Manager, Bolero International Ltd.

At our latest webinar, we asked members of the carrier community “do you believe the electronic bill of lading will replace the paper bill”. The response from every one of the 26 attendees that took part in the poll was “yes”.

What they didn’t agree on was when this would happen: 52% expected rapid adoption in the next 3-5 years while 47% more cautiously said it “wouldn’t be in the near future”.

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Trade finance networks: Don’t bank on standardisation – it’s all about delivering value

Posted by Gemma Kimber

26 Jun 2014

A few years ago, we reached late stage discussions with a major global bank. It was considering rolling out a global license of Bolero but all had gone quiet. Having met with a senior decision maker – who was very enthusiastic – we got to the bottom of the situation.

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BIMCO endorses eBLs over Bolero as standard practice

Posted by Gemma Kimber

05 Jun 2014

Consultations between the shipping association BIMCO and the industry have culminated in a new clause which will now appear as standard in agreements and effectively gives electronic Bills of Lading the same status as paper Bills of Lading under the terms of the charter party. Additionally, normal protection and indemnity insurance liabilities are covered to the same extent when using eBLs as their paper equivalent.

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Topics: Electronic Bill of Lading, ePresentation, Shipping, Electronic Documents, Logistics

Cloud and the enterprise – transforming trade operations

Posted by Gemma Kimber

23 May 2014

By Mark Harrap, VP Technology, Bolero International Ltd.

Ask a technology vendor, CIO or analyst to talk about the cloud and you can expect a lengthy dialogue. Yet, at its core, the biggest advantage of the cloud for enterprise clients lies in obtaining on-demand access to high-performance, secure and scalable infrastructure and associated services.

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Topics: Carriers, Banks, Corporates, Thought Leadership, Technology, Electronic Documents, Fraud

The Importer's Perspective: Baosteel's CFO discusses benefits of Bolero's ePresentation solution

Posted by Gemma Kimber

20 May 2014

Company Profile
Group Corporation is a typical enterprise arising from China’s reform and opening-up. After over 30 years of development, Baosteel has grown into China’s most competitive iron and steel group with the highest level of modernisation, producing 43.83 million tonnes of steel in 2012.

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Time to shine: Taking ePresentation into the mainstream

Posted by Gemma Kimber

09 May 2014

While businesses have been interested in finding solutions to take paper out of international trade chains for twenty years or more, it’s only recently that success stories in large corporates have prompted others to sit up and take notice. In many cases, firms have been playing a wait-and-see game, understandably reluctant to jump in too soon.

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Topics: ePresentation, Thought Leadership, Technology, Electronic Documents

Working together: Why interoperability is key in trade technology

Posted by Gemma Kimber

29 Apr 2014

In retail and other industries where there are very large players, power buyers can effectively choose their preferred technology solutions and impose these systems on their suppliers. Yet, when it comes to trade deals that could involve multiple large banks, corporates, commodity firms and exporters, this power dynamic is far less pronounced.

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Topics: Multi-Bank Trade Finance, ePresentation, Thought Leadership, Supply Chain, Technology, Electronic Documents

Clearing the path to paperless trade documents

Posted by Gemma Kimber

22 Apr 2014

The vision and concept of paperless trade is extremely attractive to many exporters and enterprises, not least in terms of removing the many headaches and inefficiencies that document-intensive cross-border trade creates. Yet, those sold on the huge savings and hassle-free potential of electronic documents should also consider that, by plunging head first into the vision of total automation, they could risk severely limiting success.

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Topics: Corporates, Thought Leadership, Supply Chain, Technology, Electronic Documents

Using electronic trade finance to reduce the risk of fraud

Posted by Gemma Kimber

08 Apr 2014

Those trading on the high seas have always faced risks from unexpected events including severe weather and even piracy. Now, however, there are threats from a new type of criminal activity.

According to the ICC International Maritime Bureau, some fraudsters are looking to extort money from owners by bringing action against them for failing to deliver cargoes of oil they allegedly own. In a recent case, the claimant alleged that a cargo of oil it owned was loaded onto a vessel in Russia but was never delivered to the designated discharge port in the Arabian Gulf. Worryingly, they apparently had documents to prove this, which was enough to persuade a court in the region to issue a warrant of arrest against the vessel named.

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Topics: Carriers, Electronic Bill of Lading, Corporates, Shipping, Technology, Logistics, Fraud

The connected supply chain – meeting the demands of a changing market

Posted by Gemma Kimber

04 Apr 2014

A new study by MHI and Deloitte has identified supply chain executives’ top strategic priorities as analytics and multi-channel fulfilment, with many retailers in particular looking to make significant investments to develop their back-end processes. It also noted that: “Although most retailers now do a decent job on the front end, handling orders through their various channels – retail, wholesale and online – many are still struggling to adapt their back-end fulfilment processes”.

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Topics: Multi-Bank Trade Finance, Supply Chain, Technology, Electronic Documents, Logistics

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