Smart contracts encode arrival plus inspection; berthing and on-chain inspection release funds and title at once, fitting the single-currency offshore structure.

The combination of two-step declaration (release against a guarantee with documents filed later) and consolidated duty payment compresses the transit working-capital cycle of STS anchorage transshipment. For SNSUC's structure of an offshore SPV as supplier with STS-locked discharge ports, the cash-flow window widens materially.