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Intercontinental Exchange buys essDocs | Global Trade Review (GTR)

Paperless trade solutions provider essDocs has been acquired by Intercontinental Exchange (ICE), an owner and operator of financial and commodity marketplaces and exchanges. The financial terms of the transaction were not disclosed. GTR understands that essDocs will continue as a standalone brand within ICE, with co-CEOs Alexander Goulandris and Marina Comninos remaining in their current . ....

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Bolero links up with TradeLens on electronic bill of lading | Global Trade Review (GTR)

Electronic bill of lading (eBL) providers Bolero and TradeLens have entered into a collaboration to connect their respective networks of banks, corporates and supply chain participants. Under the new partnership, the TradeLens eBL– which has thus far largely been targeted towards the shipping industry – will be integrated into Bolero’s Galileo platform, which uses APIs . ....

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Shipping industry bodies link up with ICC and Swift to form digitalisation alliance

Three shipping industry associations have joined forces with the International Chamber of Commerce (ICC) and Swift in a new alliance dedicated to standardising digital trade documents. The Future International Trade (FIT) Alliance brings together the two organisations with the Digital Container Shipping Association (DCSA), the International Federation of Freight Forwarders Associations (Fiata) and the Baltic . ....

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TradeLens notches up first trade finance transaction | Global Trade Review (GTR)

TradeLens, a digital platform launched by IBM and AP Moller-Maersk, has completed its first end-to-end paperless trade finance transaction. The deal, which involved the shipment of agrichemicals from South Korea to Bangladesh by Syngenta, was financed with a letter of credit from HSBC. All associated documentation was shared among the parties via the TradeLens platform. . ....

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Analysis: Tackling 'functional equivalence' to make MLETR work in Germany

Nine months have passed since the digital and technology ministers of the Group of Seven (G7) nations committed to adopt electronic transferable records in international trade transactions, in what was hailed as a “momentous step forward” for trade digitisation. Germany, which has just taken over the presidency of the intergovernmental organisation, arguably stands to benefit . ....

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