TT CLUB INVESTMENT IN BOLERO REACHES $1.5 MILLION
TT CLUB INVESTMENT IN BOLERO REACHES $1.5 MILLION
The TT Club disclosed for the first time that it has invested $1.5
million in development costs in Bolero, the electronic data interchange venture.
Bolero, the joint venture between the TT Club and the Society for
Worldwide Interbank Financial Telecommunication, is due to launch this fall a secure trade
documentation delivery system that will enable paper-less negotiable bills of lading.
Bolero commenced "beta testing" the system with selected
carriers and shippers in April.