Wednesday, March 29, 2023

Digital Trade Documentation

Digital transformation in shipping needs business transformation – Andre Simha

Executive Insights
Information technology has been truly transformative and a game changer especially in the last decade for the shipping and freight industry.. However, the implementation of these technologies requires focus, dedication, and determination, especially when tech jargon like...

Conversion of bill of lading to electronic bills gains traction with BIMCO’s 25 by 25 pledge

Digital Trade Documentation
Some of the world’s biggest shippers in the bulk sector have made a commitment to target moving 25% of their annual seaborne trade volume for at least one commodity using electronic bills of lading by the...

Legal reforms key to achieve global trade digitalization – Chris Southworth, ICC UK

Digital Trade Documentation
The International Chamber of Commerce has estimated that digitalizing trade documents could generate £25 billion in new economic growth by 2024, and free up...

CargoX and CEBS launch partnership to help customers migrate from TradeLens

Data Standards
Businesses that started using TradeLens for their electronic bill of lading have been scrambling to migrate their electronic trade document processing to a new...

Proof of Interoperability sparks sign ups for trade documentation transfer – CargoX

Digital Trade Documentation
CargoX, one of the few electronic trade documentation transfer platforms approved by the IG P&I Clubs for electronic bills of lading is reportedly seeing...

Questions to expect from lawmakers for adoption of MLETR – learning from the UK

Digital Trade Documentation
The introduction of the Electronic Trade Documents Bill in the UK Parliament is of paramount importance to the digitization of global trade as the...

Importance of MLETR in current and future trade environment

Digital Trade Documentation
The increasing use of electronic mediums across the industry allows for improved efficiencies through the reuse and analysis of data, while enhancing trade connections...

Interoperability between different electronic bill of lading platforms becomes reality

Bill of Lading
Many doubts and uncertainty surrounding the success of transmission and handover of electronic bills of lading (eBL) between two different eBL platforms was put...

Risks and Liabilities of paper trade documentation in current disruptive environment

Bill of Lading
Global trade has been around for centuries and since the introduction of paper some 2000 years ago, paper has been widely used in global...

Electronic Trade Documentation vs Paper Documentation – the legal angle

Bill of Lading
Global trade involves several processes with up to 20+ documents being interchanged for a single shipment between various stakeholders in the chain. For years, global...

UK is a few steps away from legislating electronic trade document transfer

Bill of Lading
World merchandise trade was valued at USD28.5 trillion in 2021 and as per the latest figures from the Department of International Trade, international trade...

Solutions to expedite adoption of electronic trade document transfer identified

Digital Trade Documentation
Electronic trade documentation has been around since the 1990s but gained serious momentum in the last few years and especially during/after the pandemic. However,...

Why is there a problem in the adoption of digital trade documentation transfer

Digital Trade Documentation
An industry survey by CargoX points to a lack of knowledge on electronic trade document transfer as a major barrier to its adoption...

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