A Cash Against Documents transaction orchestrated by Saudi-based ITFC was successfully completed between SOFITEX and Louis Dreyfus Company (LDC), using an electronic bill of lading issued by the CMA CGM Group, a world leader in shipping and logistics, through Bolero’s digital trade finance platform for the first time.
The transaction concerned a cotton shipment originating from Burkina Faso, shipped by CMA CGM Group from the Port of Lomé in Togo.