GLOSSARY

Bolero

Bolero is a neutral, open platform, intended to be a cross-industry community moving world trade onto the Internet.

What is Bolero?

The focus is to process trade documents fully electronically via a secure communication platform (CMP). The initial focus has been on the carrier's bill of lading through the Title Registry replicating the paper bill of lading functionality and bill of lading parties' roles. Lately, Bolero's focus has changed towards the trade settlement engine, 'SURF', Settlement Utility for Risk and Finance, which Bolero has developed together with some major banks. Maersk Line is a member of Bolero, and, to date (August 2002), has conducted a number of pilots to test functionality. For more information see: Bolero, Bolero Association.

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