Wärtsilä participates in paperless Trade Finance experiment
Wärtsilä Corporation, Press release, 17 February 2021 at 9:00 AM EETThe technology group Wärtsilä has participated in an innovative co-creation project aimed at digitalising the Export Letter of Credit (L/C) process, which currently is handled manually and by email using paper documents and PDF files. The results of the experiment indicated clearly that physical documents can easily be replaced with secure and standardised data sets that enable automated processing. This is considered a breakthrough achievement. In addition to Wärtsilä playing the role of an exporter, the other