#acidegypt

Timber Exchange is a B2B supply chain automation platform that helps streamline global trade. Starting from a wide range of advanced tools that take care of the entire supply chain process from inquiry to the delivery, to a monthly updated market data hub that includes container sailing performance & container sailing schedules.

The Electronic Bill of Lading process is not just beneficial for counterparties globally but is also highly efficient & cost-effective for the shipping industry. Timber Exchange is a supply chain automation platform developed by Centersource Technologies that aims to digitise global trade, especially in the timber industry. The platform provides four features - 100+ advanced supply chain tools, an open B2B marketplace, an updated global market data hub, and trade finance & compliance services.

Egyptian importers would need Letters of Credit to buy goods from 22nd of February, 2022 as stated by the Central Bank of Egypt. CAD will no longer be viable. For more information, register on https://www.timber.exchange and request for a demo from our industry experts.

With the increasing lumber prices in the United States, interest from foregin markets to produce compliant goods is at a record high. Mr. Amir Rashad, the CEO of Timber Exchange and Centersource Technologies thus took it upon himself to bring this subject up to discussion on a global platform. To do so, he brought on Mr David Conner (Senior Vice President Operations) and Mr Robin Lillandt (Senior European Representative) from TPI (Timber Product Inspection) to speak on the subject as part of a collaborative panel discussion webinar.

Egyptian Ministry of Finance (Customs Authority) activate article 39 of customs law 207 of 2020 and issue decree 38 of 2021. Which requires a unique customs registration number (Advanced Cargo Information Declaration (ACI) for each incoming shipment imported into Egypt that must be included on all shipping documents. The ACI system is based on making the shipment data available to Egyptian customs before shipping from the country of export.