Page 3 - Cargox Platform News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Reading Time: 4 mins read Cairo, Egypt – 21 April, 2021 – The Government of Egypt, through its Egyptian Customs Authorities, has made mandatory Advance Cargo Information (ACI) declarations with its new Egyptian Customs law #207 for all cargo inbound to Egypt starting on 1 July 2021. The process is managed through the Nafeza National Single Window for Foreign Trade Facilitation, built by Misr Technology Systems (MTS), and CargoX is authorized as the blockchain service provider. So, what exactly is CargoX, and why is this great news for the crypto community? The answer is – CXO token bur...

Impact of Covid: Given the contagious nature of the Covid-19 and the social distancing norms being followed as a preventive measure, various manual processes with relation to a BL such as surrender of original the BL at the shipping line's office, collection of paper invoice, payment by cash/cheque/other tangible source of payment to the shipping line, etc. cannot be complied with by a customer. More so, the national lockdown and social distancing has become a grave impediment as the service providers such as courier agencies are unable to deliver and dispatch the 'hard copy' of the BL. This ...