Centersourceio

The Executive Vice President for the European Green Deal Frans Timmermans, 2022, about the REPowerEU mentions; “what we’re proposing is what I would call a double deal - first a short-term deal to provide us with the required fossil fuel, and then a long-term deal for incorporating them in a global system on the production & the use of green hydrogen.”

Centersource Technologies is a SAAS-based platform that aims to build a digital supply chain architecture. It automates the most time-consuming processes that global stakeholders face, through its core features - advanced supply chain tools, a B2B marketplace, a market data hub, and trade finance & compliance services. For more information, feel free to contact https://www.centersource.io/contact-us.

The traditional paper-based Bill of Lading has now, due to the advancements of technology, taken a new shape in the form of an Electronic Bill of Lading or eB/L. To those involved in international trade & shipment, this can be beneficial to their supply chain.

This report gives an insight into the European Commission's proposal for a Directive on Corporate Sustainability Due Diligence. This publication proposes an EU standard for human rights & environmental due diligence.

The Timber Exchange B2B Marketplace is just like a real marketplace where most options are negotiable: prices, volumes, payment terms, and delivery times. When specifications and terms of an offer are agreed upon by both parties, the offer can be moved to the next stage including contract signing, logistics management, document drafting, and tracking – to mention a few of the 100+ smart tools that automate and facilitate deal management.

Centersource Technologies, is proud to participate as one of the “innovators” in the industry and is at the heart of this digitalisation drive. Digitalisation of the shipping and freight industry is here to stay and is said to be “Redefining the Future” which aptly is the theme of TPM21.

In an attempt to raise awareness of paperless documents and digital transactions by providing a uniform guideline for global businesses, in March 2022, the World Trade Organization (WTO) and the International Chamber of Commerce (ICC)’s DSI (Digital Standards Initiative) jointly published a standards toolkit for cross-border paperless trade.

Incoterms are the international rules that determine the responsibilities, costs and risks between the seller and the buyer. They are universal rules that bring predictability to the business. It’s important to keep in mind that this is not the full sales contract, only part of it incorporated into the contract.

Timber Exchange features 100+ smart advanced supply chain tools that provide the most cost-effective and time-efficient solutions to simplify your global supply chain.

Supply chain management (SCM) is concerned with the coordination and management of organizations within a supply chain. Logistics is the part of SCM that manages the flows of goods and information within the organizations’ direct operations sphere.

The Electronic Trade Documents Report and Bill is one of the first pieces of proposed legislation that arose from The Law Commission’s recent focus on new technologies.

Centersource seeks to facilitate both deal and logistics management in a seamless manner in our collaboration platform, you can find a logistics module to manage logistics related activities that is not yet applied to deals.

The B2B Marketplace (https://www.timber.exchange/b2b-marketplace) feature of the Timber Exchange platform gives you the option of buying and selling timber from the leading and vetted companies around the world. As part of the platform, you’re able to upload demand inquiries while the sawmills can upload stock-lists and receive bids from industrial buyers as you connect with each other and negotiate tender from global counter parties.

In the Queen's Speech (the start of the new UK parliamentary term) on 10th May 2022, His Royal Highness the Prince Of Wales and the UK Prime Minister announced the Electronic Trade Documents Bill. This means that very soon legal barriers to digitalising commercial trade documents in English Law will be dismissed and we can aim for a paperless world.

One of the modules in the collaboration is Export or Import, depending on what kind of user account it is. The platform adapts the visibility of information and data to relevant personnel, in order to make sure that sensitive information is only shown to authorized people.

Book in a free demo with our team. We'll guide you through how Centersource Technologies works, how it can help your trade business and answer any questions.

ICC’s new legal reform advisory board (LRAD) under the DSI board is formed to accelerate the reforms required to enable digital trade across the world.

The Timber Exchange Advance Supply Chain Tools feature provides the most time-efficient and cost-effective solutions to cover global trade requirements. It includes over 100 smart tools to automate each process and task to save time and money in the long-run.

We can partially blame industry jargon when, even with basic differences, most people use the words electronic document and digital document interchangeably. Timber Exchange aims to change that through its smart electronic documents feature.

Implementing a supply chain automation platform can invariably lead to higher net margins as you focus on your business rather than worrying about the supply chain.