The sale with Nanjing Iron & Steel Group International Trade, a subsidiary of Nanjing Iron and Steel, was for a cargo of 176 000 t of Brazilian blend fines (BRBF) from Teluk Rubiah Maritime Terminal, in Malaysia, to China.
“It is an important milestone towards the digitalisation of the sales and trade process, bringing innovation to the traditional paper-intensive trade transactions and offering a better service to the clients, as well as predictability in the steel value chain.”
The letter of credit was issued through Contour blockchain platform, while the shipping documents and the electronic bill of lading were handled through essDOCS' CargoDocs solution - with all actions carried out through a single, interfaced platform consolidated in Contour.
Top 5 downstream aluminium projects of 2024 to redefine the value-added product industry
Ricoh's latest development set to cut costs & improve accuracy in aluminium binder jetting method
