Pacific International Lines (PIL), KPI OceanConnect and Bunker One have announced the successful completion of their first live electronic marine fuel inventory statement for an overseas delivery through the Singapore Trade Data Exchange (SGTraDex).
Singapore-flagged container vessel Kota Rakan, owned by PIL, was bunkered with Very Low Sulphur Fuel Oil (VLSFO) by Bunker One at the Port of Lome in Togo, Africa on 7 February 2023. The bunker delivery note (BDN), bunkering sale invoice, and fuel delivery were submitted and exchanged on the same day via SGTraDex.
KPI OceanConnect has adopted SGTraDex to improve transparency in the marine fuels industry. Apart from using it to streamline invoicing and reduce manual processing time, the infrastructure reportedly also serves as a secured channel for the transfer of various trade documents, including but not limited to bills of lading, certificates of quality, and letters of credit.
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 in a trusted, secure, and inclusive manner, reported PIL.
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CEO Anders Grønborg at KPI OceanConnect, commented: “We are very pleased to complete this collaborative, digital marine fuel transaction together with PIL, Bunker One and SGTraDex.
“This platform enables us to share trusted and secure data along the supply chain. Our commitment to innovation and digital solutions – such as AuctionConnect, which has been running for 21 years – in our marine energy services will continue, further enhancing transparency in the industry and creating a safer trading environment for the entire value chain.”
Goh Chung Hun, Head of Fleet at PIL, further added: “We are happy to contribute to this key achievement towards digitalisation in shipping.
“This is all the more significant for PIL as we are one of the founders of SGTraDex. 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.”
In November 2023, KPI OceanConnect, a marine energy solutions provider, announced the successful sale and supply of a B24 biofuel blend to Orient Overseas Container Line (OOCL).
Earlier this year, PIL and KPI OceanConnect successfully integrated with the Singapore Trade Data Exchange (SGTraDex) platform.
