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The Digital Trade & Transportation Network: Transforming Business Processes

Learn about the development roadmap, functions, and benefits of the Digital Trade & Transportation Network (DTTN) in this comprehensive overview presented by Justin Yue, CEO of Tradelink Electronic Commerce Ltd. 8 Relevant

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The Digital Trade & Transportation Network: Transforming Business Processes

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  1. UNeDOCS Awareness & TechnicalWorkshop 2006The Digital Trade and Transportation Network Justin YueCEO, Tradelink Electronic Commerce Ltd 31 May 2005

  2. Agenda • Tradelink Highlights • Digital Trade and Transportation Network (B to B) • The Genesis • Functions and Features of the DTTN • Benefits - Model for International Connections

  3. Tradelink Highlights

  4. Tradelink’s Electronic Services Trade Related Government Services as the Basic Building Block All Traders • Import & Export Declaration • Certificate of Origin • Dutiable Commodities Permit • Shipping Order Service / AMS • Trader Documentation Service for Regional/Global Trade • China Processing Trade/Cross Border Documentation Service Textile Traders & Manufacturers • Production Notification • Textile Trader Registration Scheme (TTRS) Notifications • Certificate of Origin Forwarders & Carriers • Shipping Order • Manifest • Textile Trader Registration Scheme Notifications

  5. Tradelink Highlights • Mainly officially required trade documents through Government mandating their use • Market penetration • Over 54,000 company subscribers • 18 million transactions/year • All documents digitally signed & encrypted for open network transmission, using recognized Digi-Sign Certification Service’s certificates

  6. The Digital Trade and Transportation Network (DTTN)

  7. Development Roadmap of DTTN Full commercialisation 2006 • Government becomes directshareholder of DTTN with29.17% shareholding* • 15-year operating agreementsigned Aug 2005 by end of 2005 Pilot run 2003 Tradelink selected by the Governmentas developer and operator of DTTN * Subject to the approval by the Financial Committee of the Legislative Council

  8. DTTN to Support Over 80 Electronic Documents for the Whole Supply-Chain (1) • Developed Canonical XML Structures for major international/local trade documents covering trade, logistics and finance • The DTTN Standards Advisory Group, comprising relevant industry associations, has reviewed and endorsed over 80 documents • Explore possibility to align DTTN transport related document structures with UNeDOCS under the UN/CEFACT framework

  9. Purchase Process • Purchase / Sales Order, Order Confirmation • Packing List / ASN, Commercial Invoice,Inspection Certificate, Insurance Delivery Local and OverseasTransportation • Booking, Shipping Order, Arrival Notices,Transport Documents - Master / HouseWaybill - Sea / Air, Cargo Receipt,Transport Set, EIR, Delivery / Release Order Government Trade Documents • Export / Import Licence,Customs Clearance,Certification of Origin etc. • Letter of Credit, Company Guarantee, Bill of Exchange,L/C collection Letter; Document Arrival Notice Financial Settlement DTTN to Support Over 80 Electronic Documents for the Whole Supply-Chain (2)

  10. Electronic message routing services Electronic message transformation services Portal services Data inheritance services Statistical and analytical reporting services Information security services Functional Blueprint of DTTN • Rich array of capabilities for messaging, documents, transactions, payments, security etc. Sellers Buyers FreightForwarders InspectionAgencies Banks &FinancialInstitutions Government& Agencies Carriers InsuranceInstitutions Terminals DTTN Key Services Offering

  11. DTTN User Interface • A simple direct connection with the customer’s FMS/ERP/SCM using existing external interfaces with no or minimal system changes • Standard Excel spreadsheets for SMEs which are easily customizable according to your needs • Through the DTTN Portal to access a suite of user friendly web-based functions covering enquiries, reports, audit trails and messages / document download • Connects to application service providers’ services via DTTN’s Single Sign-On function which users can easily manage over the DTTN Portal

  12. Benefits of the DTTN • Reduced operation costs through reduced delays, double handling / data entry & minimized errors • Reduced time and cost on document deliveries • Better financial management such as tighter credit control and improved cash flow • Easy, cheap & fast to interconnect electronically with trading partners and automate their supply chain • Retention of existing business against competition with more timely, accurate information and value-add services • Significant business and efficiency opportunities through “Just in time” supply chain management and e-access to more trading partners

  13. Progress • Phase 1 of the construction of the platform completed • Pilot phase started since 28 December 2005, and select pilot users being activated and sending live transactions • Full commercialisation later in 2006

  14. The Digital Express Link to your Business Partners Worldwide www.tradelink.com.hk www.hk-dttn.com

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