Tata Steel has recently completed the first-ever CargoDocs electronic Bill of Lading transaction for imports into Turkey, in a shipment involving Tata Steel Limited as the shipper and Tatmetal Çelik as the receiver. The milestone transaction covered the export of steel coils in bulk, shipped from Dhamra Port in India to the Port of Karadeniz Eregli in Turkey.The original eB/L was handled via CargoDocs, the digital trade platform provided by essDOCS, with all key actions such as drafting, collaborative review, sign, issue, endorse and surrender carried out online via the single, secure platform, eliminating reliance on emails and error-prone manual processes, and significantly accelerating the trade. Specifically, the original eB/L was transferred throughout the entire chain in less than 48 hours, compared to days or even weeks required in a traditional paper-based transaction.CargoDocs electronic Bills of Lading (eB/Ls) are the global industry standard, used by a rapidly expanding network spanning thousands of customers across all continents.Simple: CargoDocs eB/Ls are based on best paper processes therefore providing a solution that is extremely intuitive and easy to use. One Master exclaims, “It is easier than online shopping!”Easily-Accessible: Our secure Document Exchange – Exchange Title Docs – can be accessed either by web-browser on any computer or internet-enabled device, via business to business message (B2B) or, for vessels with no internet, via secure email. Access is not limited to the office, meaning users can deal with their electronic Bills of Lading on the road or even at home, if requiredIndustry-Led: All of our solutions have been (and continue to be) industry-led, from the market where our solutions are used, to the way features work in different markets. This industry-led approach is key to market acceptance of CargoDocs electronic Bills of Lading.Legally Valid: A CargoDocs eB/L is the legal and functional equivalent of a paper Bill of LadingIndustry-Approved: CargoDocs eB/Ls are accepted and recognized by The International Group of P&I Clubs (IG), representing the 13 Protection and Indemnity (P&I) Clubs which insure 95% of the world’s ocean going fleet, as well as other Industry bodies such as the ITIC and TT ClubSecure: Security is at the core of CargoDocs, built to withstand all manner of external and internal threats, undergoing frequent audits to cover all vulnerabilitiesBased on Data: Our eB/Ls are based on data, and as such, users can interface with CargoDocs eB/Ls to pull data directly into their shipping, operations, finance and/or ERP systemsTata Steel’s recent shipment into Turkey marks yet another milestone in a series of successful paperless transactions initiated and completed by the Company, supporting its strategic digital trade efforts aimed at optimizing shipping & trade document processes. By using eDocs, the Company achieved significant time and cost savings, improved trade transparency and visibility, reduced the risk of fraudulent documents and eliminated the need to use charterer’s Letter of Indemnity.In April 2021, Tata Steel executed a first-in-the-global-steel-industry blockchain-enabled paperless trade transaction involving steel export to a customer in UAE. Later in the year in November, the Company executed a blockchain enabled paperless export order with metals major in Bangladesh.Tata Steel has been working towards incorporating new ways of transforming the order to cash cycle by executing and broad-basing blockchain-based paperless transactions in geographies like Bangladesh, Europe, and the Middle East covering three different shipment modes - Road, Breakbulk, and Containers. Many digital initiatives such as Digi-Bill (e-submission of Invoices) - a digital platform for paperless transactions for inbound material delivery, Margdarshak - for tracking and re-routing vehicles, among others have already been deployed to manage the supply chain and ease the transactions carried out by the Company’s suppliers.
Tata Steel has recently completed the first-ever CargoDocs electronic Bill of Lading transaction for imports into Turkey, in a shipment involving Tata Steel Limited as the shipper and Tatmetal Çelik as the receiver. The milestone transaction covered the export of steel coils in bulk, shipped from Dhamra Port in India to the Port of Karadeniz Eregli in Turkey.The original eB/L was handled via CargoDocs, the digital trade platform provided by essDOCS, with all key actions such as drafting, collaborative review, sign, issue, endorse and surrender carried out online via the single, secure platform, eliminating reliance on emails and error-prone manual processes, and significantly accelerating the trade. Specifically, the original eB/L was transferred throughout the entire chain in less than 48 hours, compared to days or even weeks required in a traditional paper-based transaction.CargoDocs electronic Bills of Lading (eB/Ls) are the global industry standard, used by a rapidly expanding network spanning thousands of customers across all continents.Simple: CargoDocs eB/Ls are based on best paper processes therefore providing a solution that is extremely intuitive and easy to use. One Master exclaims, “It is easier than online shopping!”Easily-Accessible: Our secure Document Exchange – Exchange Title Docs – can be accessed either by web-browser on any computer or internet-enabled device, via business to business message (B2B) or, for vessels with no internet, via secure email. Access is not limited to the office, meaning users can deal with their electronic Bills of Lading on the road or even at home, if requiredIndustry-Led: All of our solutions have been (and continue to be) industry-led, from the market where our solutions are used, to the way features work in different markets. This industry-led approach is key to market acceptance of CargoDocs electronic Bills of Lading.Legally Valid: A CargoDocs eB/L is the legal and functional equivalent of a paper Bill of LadingIndustry-Approved: CargoDocs eB/Ls are accepted and recognized by The International Group of P&I Clubs (IG), representing the 13 Protection and Indemnity (P&I) Clubs which insure 95% of the world’s ocean going fleet, as well as other Industry bodies such as the ITIC and TT ClubSecure: Security is at the core of CargoDocs, built to withstand all manner of external and internal threats, undergoing frequent audits to cover all vulnerabilitiesBased on Data: Our eB/Ls are based on data, and as such, users can interface with CargoDocs eB/Ls to pull data directly into their shipping, operations, finance and/or ERP systemsTata Steel’s recent shipment into Turkey marks yet another milestone in a series of successful paperless transactions initiated and completed by the Company, supporting its strategic digital trade efforts aimed at optimizing shipping & trade document processes. By using eDocs, the Company achieved significant time and cost savings, improved trade transparency and visibility, reduced the risk of fraudulent documents and eliminated the need to use charterer’s Letter of Indemnity.In April 2021, Tata Steel executed a first-in-the-global-steel-industry blockchain-enabled paperless trade transaction involving steel export to a customer in UAE. Later in the year in November, the Company executed a blockchain enabled paperless export order with metals major in Bangladesh.Tata Steel has been working towards incorporating new ways of transforming the order to cash cycle by executing and broad-basing blockchain-based paperless transactions in geographies like Bangladesh, Europe, and the Middle East covering three different shipment modes - Road, Breakbulk, and Containers. Many digital initiatives such as Digi-Bill (e-submission of Invoices) - a digital platform for paperless transactions for inbound material delivery, Margdarshak - for tracking and re-routing vehicles, among others have already been deployed to manage the supply chain and ease the transactions carried out by the Company’s suppliers.
