TradeLens announced on Monday (01.03.2022) that the Costa Rican Customs Authority will integrate with its blockchain-powered platform to review containerized shipping events and transport documents, including bills of lading. Important information recorded in specific data fields of transport documents will be used in the verification tests. Risks evaluation With TradeLens, what will facilitate trade for companies doing business in the country and will help identify fraudulent activities.
Costa Rica Customs also plans to share critical event information through the TradeLens platform, making customs clearances and other critical milestones available to authorized parties.. The exchange of critical events through the TradeLens platform will allow Costa Rican importers and exporters to access earlier information and better plan logistics operations, including other entities in the supply chain such as APM Terminals Moín.
Gerardo Bolaños, Director General of Customs “Costa Rica Customs is excited to explore the benefits that blockchain can offer to local importers and exporters. Collaborating with an ecosystem that already exists within the TradeLens platform allows us to review this new technology quickly and easily. Facilitating legitimate international trade with Costa Rica is an important joint goal of this evaluation,” said Costa Rican Customs.
Announced in January 2018 as a collaboration between Maersk and IBM, TradeLens is a global supply chain digitization platform, built on open standards. TradeLens is a neutral solution created with feedback from network participants and designed to modernize the industry, benefiting participants who can now collaborate across the global trading ecosystem. Important milestones are being achieved to facilitate trade collaborating with customs authorities in Abu Dhabi, Pakistan and elsewhere.
Thomas Sproat, Global Head of TradeLens Network He noted: “Connecting TradeLens with Costa Rica Customs is an essential step for us in Central America to build a platform that encourages everyone to think differently and understand how shared, permissioned data can be used to increase efficiency and eliminate waste. We look forward to working with the Costa Rica Customs team to make these benefits a reality for everyone in the local supply chain.”
TradeLens’ founding carriers include AP Moller – Maersk, CMA CGM, Hapag-Lloyd, MSC Mediterranean Shipping Company (MSC) and Ocean Network Express (ONE) Pte. Ltd.
The TradeLens network consists of:
More than 200 ports and terminals around the world directly connected
55 million containers tracked
4.700 billion shipping events
27 million documents
Over 45 intermodal carriers, including 5 Class 1 rail providers in the US
TradeLens works with authorities in 17 countries and 6 continents. (TradeLens Press Release)
Aduana News is the first Argentine customs newspaper to launch its digital version. With 20 years of experience, its publications and initiatives aim to provide the most relevant knowledge on customs issues in order to contribute to safe trade in the region.
