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Home » Inttra Debuts Multi-Party Electronic Bill of Lading for Ocean Freight

Inttra Debuts Multi-Party Electronic Bill of Lading for Ocean Freight

March 13, 2012
Inttra

The company is partnering with the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a third-party platform which allows for the transmission of documents between banks, and Bolero, a supply-chain financing service which offers a means of engaging in paperless trading between global buyers, sellers, financial institutions and logistics service providers. The deal links Inttra's global network of carriers, shippers and forwarders with 10,000 SWIFT member banks and 45 bolero-enabled trade-finance institutions. Using the Inttra e-B/L process, sellers and exporters can speed up the order-to-cash cycle, reduce days sales outstanding and reduce or eliminate courier and discrepancy fees, the vendor said. The new process can impact more than 15 million ocean shipments that rely on courier delivery of paper bills of lading each year. Inttra is used by more than 30 carriers and non-vessel operating common carriers, as well as their customers, to standardize processes for shipping through a network of more than 30,000 locations. More than 500,000 container orders are initiated on the platform each week, Inttra said.

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Logistics Global Logistics Logistics Outsourcing Ocean Transportation Reverse Logistics Global Trade Management Supply Chain Finance & Revenue Management Sourcing/Procurement/SRM Inventory Planning/ Optimization Transportation Management Supply Chain Planning & Optimization Supply Chain Visibility Technology High-Tech/Electronics
KEYWORDS Bolero Business Intelligence & Analytics Business Process Management Collaboration & Integration. e-B/L Process EDI Communication (XML/EDI) Event Management Global Logistics Global Trade Management High-Tech/Electronics Inventory Planning & Optimization Inventory Planning/ Optimization Logistics Logistics Outsourcing Ocean Transportation Reverse Logistics SC Finance & Revenue Management SC Finance & Risk Mgmt. SC Planning & Optimization Society for Worldwide Interbank Financial Telecommunication Sourcing & Procurement Solutions Sourcing/Procurement/SCM Supplier Relationship Management Supply Chain Finance Supply Chain Visibility SWIFT Technology Third-Party Logistics Transportation Management
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