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Pole Star adds Bill of Lading verification feature to PurpleTRAC

Image courtesy of Pole Star. Image courtesy of Pole Star.

Pole Star has added a Bill of Lading Verification (BLV) extension to its PurpleTRAC solution.

{mprestriction ids="1,2"} PurpleTRAC enables institutions with sanctions and risk management exposures in maritime trade to screen and track vessels and their associated ownership and management’s regulatory status in seconds, by entering just the vessel name or IMO number.

The addition of the BLV module will allow PurpleTRAC customers to significantly extend their sanctions risk and compliance investigations. By simply entering the bill of lading number of a container shipment, PurpleTRAC will confirm whether this is a recognised asset within the database of carriers currently supported and then provide a list of all the vessels involved in the delivery of this BL, all ports visited, and all carriers involved in the transaction.

At this point, the relevant vessels will pass through PurpleTRAC’s unique vessel screening capability to ensure they meet their specific sanctions compliance requirements.

All BL searches will be recorded and saved to allow users to trace and prove their due diligence steps. {/mprestriction}

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