DBS and commodities trader Maptrasco have completed the first live transaction of electronic Bills of Lading (eBL) for shipments between Singapore and India. The transaction was carried out under the TradeTrust framework, supported by the Infocomm Media Development Authority and Enterprise Singapore. The project aims to drive cross-border document and title exchanges and improve the efficiency of trade financing.
DBS, in partnership with commodities trader Maptrasco, announced the completion of the first “live” transaction of electronic Bills of Lading (eBL) for shipments between Singapore and India today.
Singapore, India, 25 Aug 2023 - DBS, in partnership with commodities trader Maptrasco, announced the completion of the first live transaction of electronic Bills of Lading for shipments.