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Tata Steel leads digital trade shift with first eBL-backed coal shipment

  • Tata Steel conducted its first paperless import transaction under a letter of credit for coal imports from Queensland, Australia to Dhamra Port in Odisha.
  • The transaction involved seamless coordination between Tata Steel India, ICICI Bank, TS Global Procurement, Standard Chartered Bank (Singapore), and the digital platform provider ICE Digital Trade’s eBL solution.
  • The digital processes replaced physical courier services and paperwork, speeding up documentation, reducing risks, and supporting Tata Steel’s digitization and environmental sustainability efforts.
  • Tata Steel aims to build an environmentally responsible and efficient supply chain by deploying emission-efficient vessels and utilizing biofuels and LNG-powered ships for import shipments.

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