LLC “JV “Nibulon” (Nikolaev), one of the largest operators in the grain market of Ukraine, since August 1, 2023 has switched to electronic document management in interaction with suppliers and will form all documents on contractual obligations in the program “Cabinet of Supplier”, the press service of the company reported.
According to Vladimir Slavinsky, Nibulon’s trading director, the transition of suppliers to electronic document management is a voluntary choice of each counterparty.
“Already now it can be noted that up to 10% will remain to work in paper format. In any case, we at Nibulon continue to adhere to the tradition of high quality documentation of trade operations. In this sense, accreditation of a supplier by Nibulon, whether paper or digital, will be a conditional “ticket” for him to the world of global trade”, – said Vladimir Slavinsky.
To date, 1800 suppliers for the 2023/24 marketing year have already registered in the system.
JV Nibulon LLC was established in 1991. Before the Russian military invasion the grain trader had 27 transshipment terminals and complexes for receiving agricultural crops, capacity for one-time storage of 2.25 million tons of agricultural products, a fleet of 83 vessels (including 23 tugboats), and owned the Nikolaev shipyard.
“Nibulon” before the war cultivated 82 thousand hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries.
The grain trader exported the maximum 5.64 million tons of agricultural products in 2021, reaching record shipments to foreign markets in August – 0.7 million tons, in the fourth quarter – 1.88 million tons and in the second half of the year – 3.71 million tons.
Nibulon’s losses from the full-scale military invasion of the Russian Federation reached $400 mln. Currently, the grain trader is operating at 30% of its capacity, has created a special unit for demining agricultural land and has started production of the first vessel for demining international waterways at its shipyards in Mykolayiv.
The grain trader recently raised EUR27m from the Danish Export Investment Fund (EIFO) to increase the capacity of the Bessarabsky branch in Izmail, where an elevator and a flour mill will be built.
