Bolero International is teaming up with NR Capital to open up access to electronic bills of trading (eBL) for bulk shipping.
Singapore's NR, a trade financing company, will be able to use UK payment outfit Bolero's platform for eBL management and apply for letters of credit from banks using the system.
Bolero said NR would benefit from "immense gains" in time and efficiency that flow from the use of electronic trade documents.
