Morning – PortNet joins forces with 3 banks to develop Trade Direct



The yearly conference of PortNet Single Window hosted more than 800 national and international participants.

Attijariwafa banka, CIH banka and Crédit du Maroc signed a framework agreement with PortNet on November 12 in Casablanca to develop a dematerialized credit management platform
documentaries.

PortNet joins forces with three Moroccan development banks Trade Direct. This is a dematerialized solution for managing documentary credit across a one-window platform. The launch of a study to implement this new platform was published at the fourth annual Single Window PortNet Conference, held on November 12-13 in Casablanca, under the theme "One-stop-Shop: Community Intelligence Public and Private Services for Your Integrated, Effective and an innovative supply chain ".
The framework partnership agreements have been ratified between PortNet and three banks, which have Trade Direct, namely Attijariwafa Bank, CIH Bank and Crédit du Maroc. "This partnership is part of the joint efforts of the signatories to increase business competitiveness and improve the business climate in the country," PortNet said in a statement. The new solution will be a single, multi-bank, multi-user and open platform for import and export companies. It will enable banks and PortNet users to better manage, use end-to-end dematerialization, the entire life cycle of documentary credit, letters of credit, standby letters of credit, letterheads, documentary delivery, as well as some
documentaries.
As a reminder, the annual PortNet Single Window conference will be launched jointly by the State Land Registry Agency (ANP) and PORTNET SA, under the auspices of the Ministry of Equipment, Transport, Logistics and Water. In 2018, more than 800 national and foreign participants from the public and private sectors, who represent more than 30 countries, were expected to join. Since its establishment in 2011, the SingleNet PortNet has more than 33,800 clients and offers dematerialized community services to more than 39,000 users across the country. The PortNet platform aims to accelerate the integration of the Moroccan supply chain into cross-border trade. For the first time, ANP has been used in the port of Casablanca in March 2011, and since 2012 it has been extended to all commercial ports operated by the ANP and other external trade processes.


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