TradeGo Has Been Approved as "Whitelisted Digital Bunkering Solution" Provider by the MPA

     TradeGo has been approved as the fifth "Whitelisted Digital Bunkering Solution" provider by the Maritime and Port Authority of Singapore (MPA) for the implementation of electronic bunker delivery note (eBDN) in the republic.

    In 2023, Singapore’s bunkering volume reached 51.82 million tons, accounting for 23% of the global annual fuel consumption, solidifying its position as the world’s largest bunkering port. The MPA has continually promoting the digital and intelligent transformation of the bunkering industry to ensure its healthy and stable development. Since January 2017, the MPA has mandated that all marine fuel oil (MFO) bunkering operations within Singapore port use MPA-certified mass flow meter (MFM) systems. The MFO delivery volume specified on the bunker delivery note (BDN) must be determined based on the MFM system readings on the bunker vessel. Following the International Maritime Organization’s (IMO) official approval in July 2023 to accept BDNs in either paper or digital form, MPA announced that starting from November of the same year, fuel suppliers could issue electronic bunker delivery notes (eBDN) and related bunkering documents in accordance with Singapore Standards (SS 648) through MPA-approved "Whitelisted Digital Bunkering Solutions."

    The application of eBDN can effectively address long-standing challenges in the industry, significantly enhancing the transparency, efficiency, and reliability of the bunkering market. It ensures the authenticity of bunkering data and documents through real-time online verification by multiple parties. It reduces human errors by minimizing data duplication through data synchronization. Additionally, by directly connecting with the MPA system, it improves the efficiency of BDN and bunkering document transmission and data interaction, substantially reducing the in-port waiting time for bunker suppliers and shipowners.

    As a digital platform dedicated to serving international trade, TradeGo is committed to providing paperless and digital trade innovation services to users in trade-related fields, including energy and chemicals, metals, and shipping. Since its launch in 2022, TradeGo has continuously explored and expanded its diversified services. It has received the "Electronic Bill of Lading (eBL) Approval" from the International Group of P&I Clubs (IGP&I) and been approved for the "Whitelisted Digital Bunkering Solution" provider by the MPA. TradeGo is also the world's only digital platform that supports both eBL and eBDN services.