Hong Kong-based Air Cargo forwarder, Jet-Speed has signed up to Bolero, the Internet-based trade finance platform.
Jet-Speed will work with mail-order group Otto Versand subsidiaries Freemans and Grattans catalogues and UK customs on introducing bolero.net into shipments from Asia to the UK in July. Live transactions from Hong Kong to Otto Versand in Germany are additionally expected to take place later this year.
"With bolero.net you have a completely paperless trading environment," says Jet-Speed CEO Antonio da Silva. "With all the inefficiencies in world trade today, this is something businesses such as ourselves have been waiting 10 years for."
Bolero.net commercial director, Peter Scott, says: "Jet-Speed forms a vital link in the implementations about to take place from Asia to the UK. These live implementations mark a major step forward in our development as an international trading standard, as they involve the world’s largest mail order group, as well as a Governmental agency in UK customs."