Container shipping line Pacific International Lines (PIL) has completed its first live electronic marine fuel inventory statement for an overseas delivery through the Singapore Trade Data Exchange (SGTraDex), working with energy trading firm KPI OceanConnect and physical marine fuel supplier Bunker One.
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. 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 for digital invoicing and processing, providing a channel for the transfer of various trade documents, including bills of lading, certificates of quality, and letters of credit.
Launched in June 2022 as a public-private partnership, SGTraDex is a common data infrastructure that facilitates the sharing of data between supply chain ecosystem partners. This is the first time a transaction of this type has taken place on the platform for a delivery outside Singapore.
“We are happy to contribute to this key achievement towards digitalisation in shipping. This is all the more significant for PIL as we are one of the founders of SGTraDex,” said Goh Chung Hun, Head of Fleet at PIL.
“Our participation in SGTraDex stems from our belief in the importance of leveraging digitalisation to build an efficient, reliable and secure supply chain. We also strongly endorse the drive for transparency in marine fuels transactions, to enable shipping lines like PIL to have safe and sustainable vessel operations.”