Rio Tinto and Hydro complete the first ever paperless trade in the alumina via CargoDocs solution

Rio Tinto and Hydro recently executed the first ever paperless trade in the alumina commodity segment.  Both the companies used the CargoDocs solution from essDOCS for the transaction.  This also marks the first ever paperless trade solution for alumina shipment by any company and also the first use of the solution by Rio Tinto, Hydro and ship-owner IVS Bulk.

The transaction was done on a cargo of bulk alumina transported from Australia to China. While Rio Tinto Aluminium Limited was the Supplier, Hydro Aluminium International S.A and Hydro Aluminium (Beijing) Ltd were the Cargo Receivers.

CargoDocs solution handled all the supporting documents in the transaction including electronic Bill of Lading (eB/L) and also the key actions like drafting, collaborative review, sign, issue, transfer and surrender.

The preparatory steps were completed in just two weeks as a result of the high level of engagement from all parties involved. It was one of fastest end to end go-lives for a shipment in a new trade lane /commodity segment despite all the concerned parties being new to such a paperless transaction.

DocEx network is the largest of its kind in the maritime shipping & trade sector operating across 77 countries.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.