10.5 C
Hamburg
Monday, June 2, 2025
Home News TradeLens and Contour partner to transform trade finance workflows

TradeLens and Contour partner to transform trade finance workflows

Contour, the global digital trade finance network, has announced its collaboration with TradeLens, a blockchain-based supply chain platform that enables the secure and transparent transfer of electronic Bills of Lading (eBL).

The Contour-TradeLens collaboration is expected to merge direct access to major ocean carriers with an established trade finance network.

Through partnerships like this, corporates and banks sync their trade finance requirements with the physical shipment and benefit from an interoperable, end-to-end paperless transaction, said Contour in an announcement, adding that digitally transforming eBLs will simplify and streamline the entire trade finance process.

“Combining our ecosystems will accelerate the use of eBLs and create secure workflows with trusted data from blockchain verified documents,” noted Kim Spalding, CEO of GTD Solution and the TradeLens platform.

The TradeLens eBL simplifies the issuance, transfer and surrender of original shipping documents by digitising this transfer of title process. It is an eBL solution that facilitates information exchange for more than 65% of containerised trade. Direct integration with ocean carriers allows for a native issuance of a digital BL in a structured format as soon as it is published.

Carl Wegner, CEO at Contour, commented, “Our collaboration with TradeLens brings us closer to our goal of establishing a truly global and digital trade finance ecosystem. With rising complexities in supply chains and markets across the world, digital transformation is crucial to addressing many of these challenges. Through strategic partnerships with leading industry players, we can accelerate this shift towards digitisation and drive the trade finance industry forward.”





Latest Posts

The Indian Ocean Rivalry

The Indian Ocean has emerged as a strategic theater of competition between two Asian giants: India and China. India’s recent developments indicate a rapid expansion...

Statkraft advances plans for green hydrogen scheme at Hunterston

Europe’s largest generator of renewable energy has proposed the development of a green hydrogen facility at Hunterston, the former coal terminal in Ayrshire. Clydeport –...

Port of Bilbao wraps up busiest month for cruise traffic

May has marked a record month for cruise activity at the Port of Bilbao’s terminal in Getxo, with 18 cruise ship calls bringing over...

Tripoli port shutdown sparks maritime crisis in Libya

Libya’s shipping sector is teetering on the edge of collapse as fresh waves of political violence erupt in Tripoli, crippling key port operations and...

Klaipėda port embarks on green hydrogen initiative

Klaipėda Port launched its green hydrogen initiative, positioning itself as the first in Lithuania and the broader Baltic region to produce and supply green...
error: Content is protected !!