25 February 2018
Visit www.avoka.com

CCI signs up to Bolero

01 May 2002  |  1357 views  |  0 CCI signs up to Bolero

Australian coal export certification agency CCI has joined the Internet-based trade finance platform, bolero.net.

Coal is Australia's number one export and CCI certifies between 45-50% of the coal exported from Australia every year. This equates to 20% of all coal shipped around the world. CCI export certification will now be processed electronically through the Bolero system.

Following successful testing, CCI will initially implement bolero.net with BHP Billiton, which is taking part in a bolero.net trading chain involving exports from Australia to the Far East.

CCI says that a key reason for joining bolero.net is the boleroXML standards programme, which has published 80 document definitions covering 95% of documents most commonly used in world trade.

Denise Gallagher, CCI managing director, says: "As our core business is 'superintending', we obviously have an important role to play in current and future 'bolero.net connected' coal exports. The standardisation of certificates throughout the trade chain is a particularly significant benefit that will lead to greater efficiency for all participants."

Peter Scott, bolero.net commercial director, comments: "Over the past six months the adoption of bolero.net has been spreading virally through the metals and mining sector with major players such as BHP Billiton, Rio Tinto and CVRD all coming on-board...CCI's announcement that it intends to adopt bolero.net is a therefore a significant development."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bolero meets eUCP compliance standards

Bolero meets eUCP compliance standards

28 March 2002  |  3349 views  |  0 comments
Wells Fargo launches online trade finance tool

Wells Fargo launches online trade finance tool

25 March 2002  |  3005 views  |  0 comments
Bank of Cyprus chooses Surecomp for online trade finance

Bank of Cyprus chooses Surecomp for online trade finance

19 March 2002  |  2570 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit https://www.capgemini.comvisit www.nextgenbanking.co.ukVisit www.vasco.com

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12669 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10835 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
9334 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8716 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
8636 views comments | 11 tweets | 14 linkedin

Featured job

Competitive base + commission + benefits
UK or Germany

Find your next job