The Marine Vessel Pass will speed up and secure the verification of ships' identities at ports.
Bunkerchain executive director Vance Low, S&P Global Market Intelligence vice-president Peter Tirschwell, Senior Minister of State for Transport Amy Khor and MPA's assistant chief executive Kenneth Lim at the signing of an MOU.
The first-of-its-kind MVP service will enable the automated and digital exchange of information, removing the need for vessel operators and regulatory personnel to verify documentation with wet-inked ship stamps and physical signatures, said Bunkerchain chief executive Leon Ling. The trial will involve vessels travelling between the Port of Rotterdam and Singapore’s port, and will take place from the third quarter of 2024 for six to nine months. The participating ships are still being identified.
The current identification process at most overseas ports comprises the handing over of paper-based documentation to regulatory personnel for verification, which could lead to human errors and operational inefficiencies. Ship operators log into the MVP app or website to present their authenticated digital identity for port clearance and digital bunkering operations.
Speaking on the second day of Singapore Maritime Week on April 16, Senior Minister of State for Transport Amy Khor said if MVP is successfully deployed, it can make digital transactions in the maritime sector more secure, trusted and efficient, as well as enable future digitalisation of operations.
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