Global marine energy solutions provider and trader KPI OceanConnect, Singapore-based container line Pacific International Lines (PIL) and physical marine fuel supplier Bunker One have successfully completed their first live electronic marine fuel inventory statement for an overseas delivery through the Singapore Trade Data Exchange (SGTraDex).
PIL’s Singapore-flagged container vessel Kota Rakan was bunkered with Very Low Sulphur Fuel Oil (VLSFO) by Bunker One at the port of Lome in Togo, Africa, on 7 February.
The bunker delivery note (BDN), bunkering sale invoice and fuel delivery were submitted and exchanged on the same day via SGTraDex.
Goh Chung Hun, head of fleet at PIL, commented, “Our participation in SGTraDex stems from our belief in the importance of leveraging digitalisation to build an efficient, reliable and secure supply chain. We also strongly endorse the drive for transparency in marine fuels transactions, to enable shipping lines like PIL to have safe and sustainable vessel operations.”
KPI OceanConnect has adopted SGTraDex aiming to improve transparency in the marine fuels industry. The company uses it to streamline invoicing and reduce manual processing time, while the infrastructure also serves as a “secured channel” for the transfer of various trade documents, including bills of lading, certificates of quality and letters of credit, among others.
“By leveraging on our common data infrastructure, parties involved in the transaction were able to streamline their document exchange processes with increased transparency and enhanced efficiency,” said Antoine Cadoux, CEO of SGTraDex Services.
Launched in June 2022 as a public-private partnership, SGTraDex is a common data infrastructure that facilitates the sharing of data between supply chain ecosystem partners, streamlining information flows through a common data highway where data can be shared.
