PIL complets full integration with the Singapore Trade Data Exchange platform
Prior to this integration, PIL had to export and email documents to suppliers, who then manually uploaded key information onto the e-invoicing portal.
Pacific International Lines (PIL) has successfully completed full integration with the Singapore Trade Data Exchange (SGTraDex) platform, making PIL the first shipping line to do so.
The integration, initiated in early 2023 and concluded in December the same year, has enabled PIL to leverage SGTraDex to improve the way transactions are conducted with its stakeholders, including suppliers and financial institutions. This is another key step forward in improving efficiency and transparency in maritime operations.
As part of the integration, PIL successfully executed an overseas bunkering transaction with KPI OceanConnect with this innovative transaction demonstrating the feasibility of using SGTraDex for transactions beyond Singapore.
Since the successful overseas bunkering transaction, PIL has completed more than 40 transactions through SGTraDex. The adaptability of SGTraDex is evident in its ability to handle a diverse range of transactions, showcasing its relevance across the maritime sector.
Prior to this integration, PIL had to export and email documents to suppliers, who then manually uploaded key information onto the e-invoicing portal.
With the integration, suppliers who are API integrated with SGTraDex can seamlessly push or upload documents to PIL directly from their own ERP systems. This eliminates the need to navigate through multiple systems, addressing a major pain point for bunker procurement. PIL estimates that this integration could potentially result in an overall 30% time savings once other suppliers adopt SGTraDex, significantly improving efficiency for all stakeholders involved.
"What we have achieved at PIL with our partners demonstrates that collective efforts and commitment are indeed useful and effective in improving efficiency through digitalisation in the maritime industry. We are sharing our positive experience on this successful integration with SGTraDex on bunkering operations to encourage further support for this initiative by members of the maritime industry," says Goh Chung Hun, Head, Fleet Division, PIL.
SGTraDex's robust platform not only facilitates seamless transactions but also transforms the way the maritime industry operates. This integration signifies a shift towards a more interconnected and efficient maritime ecosystem, ultimately benefiting all stakeholders involved.
"We are thrilled to witness the successful integration of SGTraDex with PIL, and the subsequent transactions affirm the platform's effectiveness. This achievement is a testament to the collaborative spirit within the maritime industry and paves the way for a future where digital solutions seamlessly enhance operations," says Kelvin Ling, Head of Operations & Business Development, SGTraDex.
