SMEs in the ocean shipping industry in India can now enjoy quick and seamless purchase invoice financing from DBS with a fully digitised documentation process on ODeX.
ODeX is an online document exchange and payments facilitation platform for the ocean shipping industry which includes stakeholders such as liners, port terminals, Container Freight Stations, freight forwarders, Customs Housing Agents, importers and exporters. Users of the ODeX platform can now make payments to their beneficiaries, such as ship liners and container freight stations, more easily with a partnership of ODeX and DBS Bank.
ODeX is suitable for freight forwarders and Customs Housing Agents that are:
looking to simplify and digitise operational workflows
looking to get timely financing to reduce delay and additional costs
"This is a unique way of introducing a product! Thank you for providing this new form of ID limit. Happy to join hands with DBS and look forward to more (innovation) in the future."