Buy Ship Pay Data Exchange structures for Trade Finance Facilitation

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Project Details

Relevant SDG targets:

This project UN/CEFACT digital trade project focuses on reducing paperwork and emissions. Hence, it contributes to Climate Action (Various SDGs): Electronic documentation and data exchange reduce the reliance on paper-based transactions. This not only improves efficiency but also helps decrease the environmental impact associated with the production and transportation of paper.

• Paperless trade reduces processing times, streamlines and enhances overall trade efficiency. This can lead to increased economic growth and job creation supporting SDG 8: Decent Work and Economic Growth).
• The enablement of paperless trade adoption involves the use of digital technologies and electronic documentation, fostering innovation in trade processes and infrastructure development supporting SDG 9: Industry, Innovation, and Infrastructure.
• Reduced Environmental Impact: Going paperless reduces the need for physical documentation, which in turn helps to decrease the environmental impact associated with paper production, printing, and transportation supporting SDG 12: Responsible Consumption and Production.
• Transparency and Accountability: Paperless trade systems contribute to transparent and accountable trade processes. This can help reduce corruption, enhance legal certainty, and foster a more stable and just business environment supporting SDG 16: Peace, Justice, and Strong Institutions.
• Implementation of paperless trade requires collaboration among countries, businesses, and international organizations. This fosters partnerships and cooperation towards achieving common goals supporting SDG 17: Partnerships for the Goals.
• By facilitating trade and economic growth, paperless trade can contribute to poverty reduction, creating opportunities for employment and income generation supporting SDG 1: No Poverty.

Project Purpose

Project Scope

Project Deliverables

• Deliverable 1: BRS and eBusiness Standard for Documentary Credit Advice (DCA)
• Deliverable 2: BRS and eBusiness Standard for Non-Preferential Certificate of Origin
• Deliverable 3: BRS and eBusiness Standard for Maritime Cargo Insurance Certificate
• Deliverable 4: BRS, implementation guideline and CCBDA Subset for Warehouse Receipt
• Deliverable 5: CCBDA Implementation guideline for Trade Finance Subset for Cross Industry Invoice
• Deliverable 6: CCBDA Implementation guideline for Trade Finance Subset for Export packing List
• Deliverable 7: BRS review and CCBDA Implementation guideline for Trade Finance Subset for negotiable ecteronic bill of lading (eB/L) 
• Deliverable 8: Trade Finance White Paper

Exit Criteria

• Exit Criteria for Deliv. 1: BRS and eBusiness Standard
• Exit Criteria for Deliv. 2: BRS and eBusiness Standard
• Exit Criteria for Deliv. 3: BRS and eBusiness Standard
• Exit Criteria for Deliv. 4: BRS and eBusiness Standard
• Exit Criteria for Deliv. 5: CCBDA Implementation guideline
• Exit Criteria for Deliv. 6: CCBDA Implementation guideline
• Exit Criteria for Deliv. 7: BRS review and CCBDA Implementation guideline
• Exit Criteria for Deliv. 8: White Paper

Impact analysis

Project Team Membership and Required Functional Expertise

Geographical Focus

Beneficiaries

Initial Contributions

Resource Requirements

Project Proposal Files