PACIFIC International Lines has completed its first digital marine fuels deal outside of Singapore through the Singapore Trade Data Exchange (SGTraDex).
The bunkering operation on 7 February involved PIL’s Singapore-flagged containership Kota Rakan, which has a 907 TEU capacity.
PIL collaborated with marine energy company KPI OceanConnect and marine fuel supplier Bunker One on the transaction.
The companies said the outcome of their first live electronic marine fuel inventory statement for an overseas delivery through SGTraDex was successful.
Kota Rakan was bunkered with very low sulphur fuel oil (VLSFO) by Bunker One at the port of Lome in Togo, Africa.
PIL said the bunker delivery note, bunkering sale invoice and fuel delivery were submitted and exchanged on the same day via SGTraDex.
PIL head of fleet Goh Chung Hun said the transaction was an achievement in digitalisation.
“This is all the more significant for PIL as we are one of the founders of SGTraDex,” he said.
“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.”
KPI OceanConnect adopted SGTraDex with the goal of improving transparency in the marine fuels industry.
It said the platform streamlines invoicing, reduces manual processing time, and serves as a secure channel for the transfer of trade documents such as bills of lading, certificates of quality and letters of credit.
KPI OceanConnect CEO Anders Grønborg said the platform enables the company 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.”
SGTraDex CEO Antoine Cadoux said the company played a pivotal role in facilitating the overseas bunker delivery between KPI OceanConnect, PIL and Bunker One.
“By leveraging on 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.”
And Bunker One CEO Peter Zachariassen said the company was proud to be a part of the project.
“This opportunity fits perfectly well into our digitalisation strategy and efforts to create more transparency in the supply chain.”
