Service

A. General Information

1. Title

CamelOne

2. Implementation period of the project/service:
From
2019
To
--
4. Geographical coverage
Global
Hub Point: Singapore
5. Participating agencies/entities of the project/service:
a. Development stage
Lead agencies/entities
vCargo Cloud
Other participating agencies/entities
Monetary Authority of Singapore, ANZ, BNP Paribas, DBS Bank, HSBC, Industrial and Commerce Bank of China, MUFG Bank, Oversea-Chinese Banking Corporation, Standard Chartered Bank, United Overseas Bank
b. Operational stage
Lead agencies/entities (op)
vCargo Cloud
Other participating agencies/entities (op)
--
6. Main stakeholders/beneficiaries of the service
Traders (big enterprises)
Traders (SMEs)
Customs
Other Government Agencies (OGAs)
7. Business process category of the service
Commercial Transactions

B. Lessons Learned

8. Summary description of the project/service
Brief Summary

CamelOne is a solution consisting of 6 modules to simplify and streamline trade processes. It includes a paperless customs system, a single electronic window, a maritime single window, a logistics community platform, a commodity trade platform and a trade finance registry.

a. Objective(s)

Streamline trade processes and facilitate trade.

b. Business need for the service (background)

Trade compliance and logistics processes around the world have traditionally been complex, rigid and slow. However, governments have been looking for better ways to help businesses conduct cross-border trade in a more efficient, and effective manner.

c. Business process covered*

Customs processes, logistics, trade finance

d. Overall architecture and functionalities*

CamelOne consists in 6 modules to meet governments’ needs for trade facilitation: 1. Paperless customs system: A digitalised workflow covering trade documentation processes for Customs, improving efficiencies and optimizing workflows 2. Single Electronic Window: A single system, integrating the electronic collection, use, and dissemination of international trade data related to trade that crosses the border, and connecting different ministries 3. Maritime Single Window: A digital system aiming to simplify and harmonise administrative procedures in maritime transport by introducing a single window for reporting formalities for ships 4. Logistics Community Platform: An electronic platform enabling intelligent and secure information exchange between public and private stakeholders in order to improve the competitive position of the seaport communities 5. Commodity Trade Platform: Digital procurement platforms for players in different industries, offering self-service, digitally-sourced environments where multiple vendors can offer products or services to business customers integrating with supply chain and financing solutions 6. Trade Finance Registry: Trade Finance Registry serves as a secure database for records of trade transactions financed across foreign and local banking institutions. It will also connect to trusted sources of information for validation checks on trade data.

e. Relevant document/figure
9. Documents and data exchanged via the service

Licenses, permits, certificates, trade documentation processes for customs, trade related data, shipping formalities, finance database.

10. Data models/databases, proprietary solutions, hybrid approaches
--
11. Main challenges faced during the service
--
12. Lessons learned from the service

Over the past few years, the team at GUUD has helped governments and industries around the world drive greater efficiencies in their trade processes, improving speed, accuracy and driving standardization of processes in various countries. Projects were carried out with China, Cambodia, Singapore, Indonesia, Mauritius, the EAC, Togo, Djibouti, Azerbaijan, Georgia and Kazakhstan.

13. Main benefit(s) of the service
Enhanced regulatory compliance*
Transaction Cost savings*
Transaction Time savings
Simplified process
Increased trade flow
13A. Elaborations/detailed description on benefits gained
--
14. Technical/financial/capacity building/other assistance
--
15. Future plan for expansion of the service
--
16. Other information or relevant references on the service
--
17. Relevant document regarding the service
--

C. Relevant Standards

19. Electronic message standard
19A. Electronic message standard supporting the service
--
19B. Type of standard for electronic message applied for the service
--
20. Technical communication standard
20A. Technical communication standard supporting the service
--
20B. Type of technical communication standard applied for the service
--
21. Security-related standards*
21A. Security-related standard supporting the service
--
21B. Type of security-related standard applied for the service
--
22. Other Technical Information
22A. Interface developed for data exchange with an internal system
--
22B. Other technical implementation information
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