Thursday, July 18, 2024
shipping and freight resource services
HomeElectronic Trade DocumentationElectronic Bill of Lading gains another customer - HMM partners with CargoX

Electronic Bill of Lading gains another customer – HMM partners with CargoX

The world of electronic trade documentation which has been enabled in large part due to electronic bills of lading has scored another victory.

In a significant move towards digital transformation in shipping, HMM, Korea’s largest and the world’s eighth-largest container carrier, has announced a strategic partnership with CargoX, one of the leading electronic trade document solutions providers and one of the 12 eBL service providers approved by IG P&I Club.

This collaboration will introduce electronic bill of lading (eBL) features on HMM’s digital service platform, marking a new era of efficiency and security in global trade documentation.

Advancing Digitalization in Shipping

The integration of the CargoX Platform into HMM’s digital services aims to modernize and streamline eBL workflows. By leveraging the advanced functionalities of CargoX, HMM customers will benefit from enhanced efficiency and security in managing their trade documentation.

This partnership represents a significant step forward in digitalising the shipping industry, aligning with global trends toward more sustainable and efficient maritime operations.

We are delighted to announce the launch of our electronic bill of lading service in partnership with CargoX, a leading provider of electronic document solutions. This new eBL capability will enable us to deliver an enhanced service to our customers and spearhead the digitalisation of the shipping industry,” said Kurt (Wonjun) Jang, SVP of HMM Container Operation Office.

Bojan Čekrlić, CEO of CargoX, echoed this enthusiasm: “We are thrilled to partner with HMM, a global shipping leader. This collaboration advances global trade by implementing efficient, fast, and secure electronic bills of lading. As the logistics industry digitises, we are proud to support HMM in leading this transformation.

Seamless and Secure eBL Services

Customers using HMM services can now generate eBLs within the HMM digital service system and seamlessly transfer them through the global CargoX Platform.

The eBL document lifecycle includes features such as transfer, surrender, and document acceptance, ensuring comprehensive support for all equivalent paper-based functions.

Each eBL is recorded on the public ledger, guaranteeing secure and immutable documentation, with audit logs accessible at all times.

Initially, the service supports electronic bills of lading in PDF format, with structured data which ensures that the platform remains at the forefront of industry standards and technological advancements.

Global Availability

The integration of the HMM digital services platform and CargoX Platform will be available to all HMM customers globally starting on 8 July 2024.

This global rollout underscores HMM’s commitment to providing cutting-edge digital solutions to its customers, enhancing their experience and operational efficiency.

About HMM

HMM is South Korea’s national flagship carrier headquartered in Seoul with more than 48 years of experience within the shipping industry. As one of the world’s leading container shipping companies, HMM operates worldwide transportation services with a global fleet of over 100 state-of-the-art vessels. HMM strategically collaborates with customers to develop customized supply chain solutions for dry, refrigerated, and other specialized cargo.

About CargoX

CargoX is one of the leading providers of electronic trade document solutions, introducing trust in the digital economy. The CargoX Platform facilitates the creation, transfer, validation, and processing of electronic bills of lading and other electronic trade documents for shipping and fintech, as well as customs document processing (ACI, ACEM, etc.). The Platform received approval from the International Group of P&I Clubs (IGP&I) in 2020.

CargoX collaborates with DCSA and FIATA, SWIFT, BIMCO, ICC, and UNCITRAL. The platform is used by more than 125,000 businesses and organizations worldwide, processing over 7 million electronic trade documents to date. CargoX works with the governments of Egypt, the United Arab Emirates, Uganda, and Abu Dhabi, and in the fintech space with banks on new electronic trade document solutions.

Most recently, CargoX participated in an interoperability project with Lloyd’s Bank and Enigio, earning the title of Best Use of Interoperable Digital Trade Technology in the Banking Sector at the ICC C4DTI Awards in London.

For more information about CargoX and its innovative solutions, visit CargoX.


Contact for CargoX media inquiries:
Gitte Willemsens
PR & Brand Communications Director
CHARLIE PESTI
Gitte.w@pesti.io


Liked the content..??

Sign up below to receive the best and most reliable industry content for free from THE Definitive Online Resource for Shipping and Freight..






 

 

 

News Desk
News Desk
News Desk brings you the latest, freshest, trusted and verified news about the shipping and freight industry right to your mailbox. Stay subscribed for more free and useful content about shipping, freight, maritime, logistics, supply chain and trade.

LEAVE A REPLY

Please enter your comment!
Please enter your name here


This site uses Akismet to reduce spam. Learn how your comment data is processed.

RELATED ARTICLES

Subscribe

Sign up below to receive the best and most reliable industry content for free from THE Definitive Online Resource for Shipping and Freight..

FBX - Freight Indices