Thursday, March 30, 2023

Trade

The inaugural Future Trade Forum is set to happen from the 29th to the 30th of March 2023 at the Sands Expo and Convention Centre, Marina Bay Sands, Singapore. The Future Trade Forum has been initiated by...
A rise in expat population settling in almost all parts of the world is seen as a growing segment driving global C2C (Customer to Customer) trade providing opportunities for community-based service providers as per Ti insights,...

Surecomp onboards WaveBL to its fintech hub RIVO to enhance digital trade finance

Surecomp, a digital trade finance solutions provider for banks and corporations has announced that it is partnering with WaveBL, a blockchain-based digital platform, to...

Proof of Interoperability sparks sign ups for trade documentation transfer – CargoX

CargoX, one of the few electronic trade documentation transfer platforms approved by the IG P&I Clubs for electronic bills of lading is reportedly seeing...

What is a HS Code, who uses it and what is it used for..??

You would have seen this terminology called HS Code across many trade documentation or correspondences..

What does this HS Code mean, who uses it and what is it used for..??

HS Code stands for Harmonized Commodity Description and Coding System..

This is the common standard worldwide for describing the type of commodity..

Every commodity that enters or crosses most international borders have to be declared to customs by means of a HS code.. This helps in standardizing the commodity codes worldwide..

Questions to expect from lawmakers for adoption of MLETR – learning from the UK

The introduction of the Electronic Trade Documents Bill in the UK Parliament is of paramount importance to the digitization of global trade as the...

TradeLens to be shutdown due to lack of commercial viability

TradeLens, an open and neutral industry platform underpinned by blockchain technology started by Maersk and IBM to offer customers digital freight solutions will soon...

South Korea adopts cross-border paperless trade agreement 

The Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific, a UN treaty deposited with the Secretary General of the...

Speaker list for Africa Trade and Customs Week Summit – Johannesburg

Africa Trade & Customs Week Summit, the largest customs summit in the region is set to take place from the 7th – 9th of...

Interoperability between electronic bill of lading platforms put to the test

An industry survey of 400 logistics executives and supply chain experts by CargoX, found that (among other issues), 45% of respondents said issues of...

Why is there a problem in the adoption of digital trade documentation transfer

An industry survey by CargoX points to a lack of knowledge on electronic trade document transfer as a major barrier to its adoption...

Africa Trade & Customs Week Summit set for the 7th – 9th of November 2022

Africa Trade & Customs Week Summit, the largest customs summit in the region is set to take place from the 7th – 9th of...

Understanding the current state of Electronic Trade Document Transfer

The concept of electronic documentation in global trade has been around for decades, but despite millions of dollars invested in the latest technology and...

Less than 12 days to go for Africa Trade & Customs Week – claim your spot now

The Africa Trade and Customs Week Summit is upon us. Starting on the 11th of July 2022, the summit will serve as the global...

How the Ocean Shipping Reform Act 2022 will address US supply chain disruptions – or not..

The Ocean Shipping Reform Act of 2022 (OSRA22), was passed by Congress on the 13th of June 2022.. Naturally, there have been bouquets and...

Mutually enforceable contracts are key to overcoming future supply chain crunch – Fact Finding 29

- Drastic ocean freight rate increase due to market forces of supply and demand - A dozen recommendations made to alleviate US supply chains disruptions -...

Africa Trade & Customs Week – Customs, Compliance, Innovation and Trade Facilitation set to come together

Africa Trade & Customs Week Summit the largest customs summit in the region taking place from the 11th -13th of July in Durban comes...

Is a bill of lading by any other name still a bill of lading..??

As we know, a Bill of Lading (B/L) is one of the most commonly used commercial documents in the history of global trade and shipping.....

Bolero and TradeLens join forces to accelerate electronic bill of lading adoption across the global shipping industry

London, Hong Kong, Singapore & Tokyo, 29 March 2022 – Bolero International, the leading provider of cloud-based trade finance digitisation solutions, announced today a collaboration with TradeLens, the blockchain-based global trade...

How does demurrage, detention and port charges work..??

Even though there are distinct differences between demurrage, detention and port charges, many are still oblivious to these differences and there have been several questions on this blog relating to these charges..

Let me explain how demurrage, detention and port charges work..

Are US exporters really being shunned by the carriers?

The Port of Los Angeles posted another record performance in February 2022 breaking its own record, handling 857,764 TEUs which is an increase of...

Impact of War on Maritime Trade Flows – AMICIE Webinar

The risk of war is nothing new to the shipping, freight and maritime industry, having navigated through many of these situations.. Many charter parties include...

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