Piotr Cichocki May 2026 Secro Inc. – Managing Director, Maritime & Trade Solutioning “The Clock Starts When the Document Arrives” How digitalization of the documentary set changes the economics of commodity trade for the Seller Abstract: In commodity trade, the physical transfer…
LOI – Syndrome or Solution?
Piotr Cichocki May 2026 Secro Inc. – Maritime & Trade Solutioning, Managing Director LOI. Syndrome or Solution? Letters of Indemnity in commodity trade: what digitalization can – and cannot – fix. I. The instrument nobody wants and everybody uses Ask any commodity…
Why commodity trade’s digitalization keeps arriving at the wrong destination – and what to do about it
Piotr Cichocki April 2026 Secro Inc. – Maritime & Trade Solutioning, Managing Director „I love standards. There are so many of them.” Why commodity trade’s digitalization keeps arriving at the wrong destination – and what to do about it. Three platforms. Four standards bodies. Five working groups. And…
China’s Maritime Code took effect on May 1st 2026 – its first rewrite since 1993
China’s Maritime Code took effect on May 1st 2026 – its first rewrite since 1993. For the first time, electronic bills of lading are legally recognized in China under statute. For anyone handling BLs on China trades – in a bank’s…
Secro tokenized bill of lading offers an improved standard for digital securitization in the cross border trade of primary commodities
Legacy E-Bills of Lading Traditional e-bills of lading, introduced by various providers since the early 2000s, base their legal validity on a private multi-party agreement known as the “rulebook.” Despite their potential, these legacy e-bills have seen limited adoption, with a…
Quantitative Analysis – Improving CCF, RWA, WACC with Secro Tokenized Bill of Lading
In this analysis, we compared two scenarios for a bank’s $100 million portfolio of commodity trade finance loans: one where 100% of the portfolio is secured with Secro tokenized e-bills of lading (eBL) and another where only 70% of the portfolio…
Advantages for Borrowers Using Secro Tokenized eBL
Borrowers in commodity trade finance can significantly benefit from using Secro tokenized electronic bills of lading (eBL) over traditional paper-based bills of lading. Firstly, Secro tokenized eBL ensures faster processing times. The electronic transfer of title is instantaneous, reducing delays associated…
The ESG Impact of Electronic Bill of Lading
Electronic Bill of Lading (eB/L) represents a significant evolution in the shipping and logistics industry, moving from traditional paper-based documentation to digital formats. This transition is not just about improving efficiency and reducing costs; it holds substantial potential for positive environmental,…
Enhancing Compliance with the NIS2 Directive Through Electronic Bills of Lading
The Network and Information Security Directive (NIS2 Directive) aims to bolster the cybersecurity resilience and incident response capacities of organizations within the European Union. It emphasizes the importance of managing and mitigating cybersecurity risks, particularly in the supply chain. This whitepaper…
Secro eBL enables banks to increase control on the document of title and discharge process
This document addresses the implications of using electronic Bills of Lading (eBL) in banking, particularly concerning the control banks have over the discharge process and their liability. eBL enhances the bank’s ability to manage the discharge process without additional liability. The…