tradefinance

United Arab Emirates implementing the next stage of the ACI system based on the CargoX Platform

April 15, 2024

(Abu Dhabi, Ljubljana, April 15 2024) – United Arab Emirates will be introducing the Maritime Preload Cargo Information System (MPCI) for cargo bound to the country as part of its upcoming Advance Cargo Information system. The implementation will be overseen by the UAE, and is based on the CargoX Platform.

In order to improve cargo assessment and to facilitate legitimate trade and travel, UAE will establish the Maritime Preload Cargo Information System (MPCI). The new system will contribute to higher border security and improve trade flows by providing the information on cargo before it reaches the port. Cargo operators, both non-vessel operating common carriers and freight forwarders, will be required to submit documents electronically in order to carry out risk mitigation measures before cargo can be loaded onto ships bound to the UAE. 

The system will be based on the CargoX Platform, which will be used for filing services to the UAE. It will be available globally through a web application, as well as through API endpoints that can be integrated into Transportation Management Systems (TMS) or Enterprise Resource Planning (ERP) systems of major shippers and other enterprises. CargoX and the National Advance Information Center will develop a connection mechanism for linking economic operators with both UAE and CargoX accounts, in order to ensure seamless integration and data exchange between the two systems.

With international shipping and trade digitalising at a growing rate, many countries are looking to accelerate and streamline import procedures, while also improving security levels. The Advance Cargo Information system that the UAE is establishing will be able to provide exactly that, and the CargoX Platform is an excellent solution for providing filing services.

The CargoX Platform is proving to be a versatile tool for electronic trade document processing in customs and logistics. Its processes for creating and transferring electronic trade documents and data are highly customisable and have proven their merit at several levels in four countries,

said Bojan Čekrlić, CEO of CargoX.

Trials of the system are set to begin in May 2024 and last until June 2024, with plans for the system to become mandatory by 2025. 

About CargoX

CargoX is the one of the leading providers of blockchain-based electronic trade document solutions, introducing trust in the digital economy. The CargoX Platform for Blockchain Data Transfer (BDT) makes it possible to create, sign and transfer electronic trade documents, reducing manual paperwork and administrative burdens. The platform was developed with the goal of digitalising bills of lading and other electronic trade documents, and facilitated the first blockchain-based electronic bill of lading being used in practice. Since achieving that milestone, CargoX has added support for several types of electronic bills of lading, and was the first public blockchain-based eBL provider to receive approval from International Group of P&I Clubs (IGP&I). It has also been collaborating on developing future standards with major shipping & logistics organisations, including DCSA and FIATA, as well as SWIFT and the International Chamber of Commerce. The CargoX Platform for BDT is now an integral part of the Egyptian single window system for foreign trade that includes advance cargo information (ACI). It is used by 120,000 businesses and organisations worldwide, who have used it to process more than 6 million electronic documents. CargoX is currently collaborating on implementing similar systems in Uganda and Abu Dhabi, as well as working in the fintech space with banks on new blockchain-based solutions.