2005 Press Release
Singapore, 18 April 2005 - Leading IT services provider Crimsonlogic today announced it has been selected by Schenker, an international Integrated Logistics Services Provider, to provide a cross-border permit declaration solution using the eCustoms standard. This implementation will be the first eCustoms solution based on RosettaNet, the industry's leading eBusiness process standards consortium, to be rolled out in Singapore.
Schenker selected CrimsonLogic's cross-border permit declaration solution for
RosettaNet to enable the electronic transmission of large numbers of import and
export declaration documents from Schenker's clients directly to Customs agencies. Developed around RosettaNet, this cross-border permit declaration solution aims to improve the efficiency of import and export procedures through automation, using the eCustoms standard. This will enable Schenker to add value to its clients, creating a competitive edge, as well as improving Schenker's own efficiencies.
Using the cross-border permit declaration solution, Schenker will be able to send and receive secure, RosettaNet-based trade permits in bulk, between Singapore and Malaysia, for a start. The system also links to shippers in Europe to enable data reuse for trade declarations, resulting in a faster and more simplified end-to-end customs clearance cycle.
“By allowing our trading partners in Europe to submit electronic trade declaration documentation in the specified RosettaNet format, the CrimsonLogic cross-border permit declaration solution has significantly cut down the time taken for us to submit a permit declaration to the Singapore and Malaysia customs from days to a matter of minutes,” said Mr. Wolfgang Herrmann, CIO of Schenker Asia Pacific.
V. Mathivanan, CEO of CrimsonLogic said, “This deal reinforces CrimsonLogic's
presence as a leading provider of Customs and trade facilitation solutions
worldwide. It also demonstrates our ability to connect the international trading
community with industry-recognised eBusiness standards such as RosettaNet.”
To facilitate cross-border trade globally, CrimsonLogic has also embarked on a
number of initiatives to integrate cross-border trade declaration with various
countries such as Australia, Canada, China, Chinese Taipei, Hong Kong, Macau,
Japan, Korea, Thailand, and United States. These cross-border initiatives will assist in simplifying the preparation and submission of customs clearance information to Customs, resulting in faster clearance of goods and hence a faster turnaround for the trading community.