Lloyd’s List Intelligence partners with trade finance technology partner, Traydstream
Following the launch of vessel risk ratings that help trade finance and compliance professionals evaluate operational risk more easily, Lloyd’s List Intelligence are pleased to announce their partnership to provide this data on the Traydstream platform.
To further support trade compliance needs, clients can now access Lloyd’s List Intelligence vessel information when reviewing trade documents for Letters of Credit, Collections and Open Account transactions from within the Traydstream platform.
The expanded data provides vessel risk indicators and invaluable Bill of Lading tracking for the whole voyage, including transshipment information. This is sourced from Lloyd’s List Intelligence quality assessed vessel characteristics, ownership and real-time tracking data.
Traydstream’s OCR engine extracts all the necessary data points to provide a fully automated document checking service as part of an integrated compliance review process.
“Traydstream platform efficiency and Lloyd’s List Intelligence’s vessel and voyage analytics enable better decision making and reduce the costs, complexities and risk of trade,” said Uzair Bawany, Chief Commercial Officer at Traydstream. “Our mission has always been to focus on the pain points that document checkers face, by ensuring that they have the right information, at the right time.”
Lloyd’s List Intelligence, part of Informa, has been at the heart of the industry for over 300 years, providing the intelligence, data and expertise that support the shipping market and keep global trade moving efficiently.
“Working with select partners like Traydstream enables us to further support customers with managing their day-to-day work more efficiently. Combining our vessel and voyage risk analytics and maritime data expertise with Traydstream’s platform furthers our continuous mission to innovate and support ever-evolving market needs,” noted Thomas Richmond, Strategic Partnerships Manager at Lloyd’s List Intelligence.