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The Executive Vice President for the European Green Deal Frans Timmermans, 2022, about the REPowerEU mentions; “what we’re proposing is what I would call a double deal - first a short-term deal to provide us with the required fossil fuel, and then a long-term deal for incorporating them in a global system on the production & the use of green hydrogen.”

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Centersource Technologies is a SAAS-based platform that aims to build a digital supply chain architecture. It automates the most time-consuming processes that global stakeholders face, through its core features - advanced supply chain tools, a B2B marketplace, a market data hub, and trade finance & compliance services. For more information, feel free to contact https://www.centersource.io/contact-us.

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The Electronic Bill of Lading process is not just beneficial for counterparties globally but is also highly efficient & cost-effective for the shipping industry. Timber Exchange is a supply chain automation platform developed by Centersource Technologies that aims to digitise global trade, especially in the timber industry. The platform provides four features - 100+ advanced supply chain tools, an open B2B marketplace, an updated global market data hub, and trade finance & compliance services.

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This report gives an insight into the European Commission's proposal for a Directive on Corporate Sustainability Due Diligence. This publication proposes an EU standard for human rights & environmental due diligence.

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The Timber Exchange B2B Marketplace is just like a real marketplace where most options are negotiable: prices, volumes, payment terms, and delivery times. When specifications and terms of an offer are agreed upon by both parties, the offer can be moved to the next stage including contract signing, logistics management, document drafting, and tracking – to mention a few of the 100+ smart tools that automate and facilitate deal management.

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Centersource Technologies, is proud to participate as one of the “innovators” in the industry and is at the heart of this digitalisation drive. Digitalisation of the shipping and freight industry is here to stay and is said to be “Redefining the Future” which aptly is the theme of TPM21.

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In an attempt to raise awareness of paperless documents and digital transactions by providing a uniform guideline for global businesses, in March 2022, the World Trade Organization (WTO) and the International Chamber of Commerce (ICC)’s DSI (Digital Standards Initiative) jointly published a standards toolkit for cross-border paperless trade.

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Incoterms are the international rules that determine the responsibilities, costs and risks between the seller and the buyer. They are universal rules that bring predictability to the business. It’s important to keep in mind that this is not the full sales contract, only part of it incorporated into the contract.

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Timber Exchange features 100+ smart advanced supply chain tools that provide the most cost-effective and time-efficient solutions to simplify your global supply chain.

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Supply chain management (SCM) is concerned with the coordination and management of organizations within a supply chain. Logistics is the part of SCM that manages the flows of goods and information within the organizations’ direct operations sphere. Supply chain could be defined as the management of flows and processes over organizational tasks, and with successful SCM companies can improve many business aspects including R&D, lower costs, higher profitability, better customer satisfaction - SCM affects everything directly or indirectly.