Bill of Lading Current Affairs, GK & News

Reliance Industries receives India’s first Letter of Credit (LC) payment via blockchain

HSBC Holdings Plc has executed India’s first trade financial transaction using blockchain for a deal involving an export by Reliance Industries Ltd (RIL) to US-based Tricon Energy. The blockchain-enabled letter of credit (LC) reduces transaction timeline from 7-10 days to less than a day. The Letter of Credit (LC) was issued by ING Bank for ..

Topics: Bill of Lading • Blockchains • cryptocurrencies • Economy • Ethereum • HSBC France • International finance • Letter of credit • Money • Payment systems • Reliance Industries Limited

ICEGATE

ICEGATE stands for the Indian Customs Electronic Commerce/Electronic Data interchange (EC/EDI) Gateway. ICEGATE is a portal that provides e-filing services to the trade and cargo carriers and other clients of Customs Department (collectively called Trading Partner). By this facility, the department offers electronic filing of the Bill of Entry, Shipping Bills and related electronic messages ..

Topics: Bill of Lading • Computer data • Computer networking • Computing • Digital technology • E-commerce • Electronic data interchange • Information and communications technology • Supply chain management