First Digital Marine Fuels Deal Outside Singapore Waters

Credits: Evangelos Mpikakis/Unsplash

KPI OceanConnect, Pacific International Lines (PIL) 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), reports Digital Ship.


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 February 7th, 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 streamline invoicing and reduce manual processing time. The platform also serves as a secured channel for the transfer of various trade documents, including bills of lading, certificates of quality, and letters of credit.

SGTraDex was launched in June 2022 as a public-private partnership and is a common data infrastructure that facilities 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.

Anders Grønborg, CEO 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.”

CEO at SGTraDex Services, Antoine Cadoux, added: “We are excited to have played a pivotal role in facilitating this overseas bunker delivery between KPI OceanConnect, Pacific International Lines and Bunker One. By leveraging our common data infrastructure, parties involved in the transaction were able to streamline their document exchange processes with increased transparency and enhanced efficiency. This achievement underpins the critical role that SGTraDex can play in driving digitalisation across the maritime industry, within and outside of Singapore.”

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Source: Digital Ship


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