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Bolero, TradeLens to fast-track electronic bills of lading

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Logistics Update Africa News
Bolero, TradeLens to fast-track electronic bills of lading

Bolero International, a provider of cloud-based trade finance digitisation solutions, and TradeLens, the blockchain-based global trade platform for containerised goods, will provide a seamless digital experience for customers using electronic bills of lading (eBL) in trade finance transactions. Galileo, Bolero's trade finance digitisation platform, securely connects corporate clients with trade partners and banks and allows corporates to manage all their Letters of Credit (LCs), guarantees, standby LCs, ePresentations under LCs, open account and documentary collections, and electronic bills of lading in one central solution.


The TradeLens eBL simplifies issuance, transfer, and surrender of original shipping documents allowing for the digitisation and automation of supply chain and financial processes. It is an eBL solution accepted by the industry, including ocean carriers, banks, and regulators. Under the current deal, TradeLens eBL will be integrated into Galileo, connecting the two platforms' respective and growing networks of banks, corporates, and supply chain participants. This will provide a streamlined and seamless experience for users of Galileo who wish to leverage TradeLens eBL's carrier network.


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