KUALA LUMPUR · INTERNATIONAL TRADEPRECISION. GOVERNANCE. DELIVERY.CUSTOMS & MARITIME WIRE ↗︎
JURONG PORT / PROJECT PROFILE

Jurong Metals Trade Control

Fourteen steel and tin consignments sourced from three countries for Gulf industrial buyers

OPERATING LOCATIONJurong Port, Singapore
CONTRACT COUNTERPARTYAsterion Pacific Metals
SERVICE CONTRACT$262,000
EXECUTION PERIOD8 months
Illustrative port scene for Jurong Port
Illustrative port visual · digitally created for this project profile
PROJECT CHAPTER

Commercial brief

Asterion Pacific Metals procured industrial metals from Asian producers and supplied customers across Gulf markets. Its business depended on disciplined working-capital turnover: each parcel had to be received, verified, allocated and released without allowing documentation or inventory discrepancies to delay payment.

The weakness became visible in a 140-tonne steel consignment. Goods had been reserved for a buyer, yet the packing record did not reconcile with the physical breakdown in storage. Asterion commissioned EMARAS to make cargo release conditional on the simultaneous confirmation of physical inventory, contractual allocation and the relevant trade documents. Jurong Port formed the project’s operating anchor.

PROJECT CHAPTER

EMARAS mandate and execution

Transaction-level inventory control. EMARAS created a transaction record connecting seller, buyer, commodity, contracted weight, storage location, payment status and final destination. Stock was classified as received, under review, allocated or cleared for delivery. Physical presence alone did not constitute authority to sell or dispatch.

Three-way reconciliation. Purchase and sales terms, warehouse records and transport documents were checked against one another for all 14 consignments. Variances in weight, specification, package references or counterparty details were assigned to an owner before a delivery instruction could be issued.

Documentary payment readiness. Each transaction carried a documentary checklist and submission timeline. Invoice, origin, weight, quality and transport data were reviewed for consistency with the commercial terms, reducing the risk that a shipment ready for movement would still be held up by a discrepancy in the payment file.

Commercially led cargo release. EMARAS sequenced dispatch around customer delivery obligations, storage cost, settlement status and document readiness. If one transaction remained unresolved, another cleared consignment could proceed without placing the entire export schedule on hold.

Margin and capital visibility. Transaction economics combined acquisition cost, storage, handling, freight and delay exposure with the agreed sale price. A management dashboard distinguished capital tied up in received stock, allocated stock and transactions ready for settlement.

PROJECT CHAPTER

Contract allocation

WorkstreamUSD
Transaction-file architecture38,000
Inventory reconciliation and release controls47,000
Trade-document matching34,000
Jurong cargo coordination41,000
Cost and margin model28,000
Transaction and working-capital dashboard45,000
Training and process handover29,000
Total contract value262,000
PROJECT CHAPTER

Strategic outcome

Asterion could identify each parcel's inventory position, commercial allocation, document status and readiness for dispatch. Port movements and settlement decisions followed the same transaction record, giving management a clearer view of working capital.

Illustrative operational scene for Jurong Metals Trade ControlOperational illustration · created for this project profile
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