Friday, March 31, 2023

Electronic Bill of Lading

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...

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...

Bills of lading will be 100% electronic by 2030 – DCSA member lines commitment

Bill of Lading
The paper bill of lading, one of the oldest documents in global trade dating back to the 17th century may be a thing of...

Surecomp onboards WaveBL to its fintech hub RIVO to enhance digital trade finance

Bill of Lading
Surecomp, a digital trade finance solutions provider for banks and corporations has announced that it is partnering with WaveBL, a blockchain-based digital platform, to...

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...

FIT Alliance survey reveals promise for growth in use of electronic bill of lading

Electronic Bill of Lading
Almost a year ago, trade and freight industry heavyweights ICC, DCSA, BIMCO, FIATA and SWIFT launched the Future International Trade Alliance (FIT) and signed...

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...

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,...

Interoperability between electronic bill of lading platforms put to the test

Digitalization
An industry survey of 400 logistics executives and supply chain experts by CargoX, found that (among other issues), 45% of respondents said issues of...

Bill of lading milestone : First electronic bill of lading under Singapore Law issued

Data Standards
The Model Law on Electronic Transferable Records (MLETR) by UNCITRAL aims to enable the legal use of electronic transferable records that are functionally equivalent...

Electronic Bill of Lading – Are you and your country ready for it..?? Part 3

Bill of Lading
Some good seems to have come out of the COVID-19 pandemic after all.. Global trade has reached record levels, ocean carriers have gained record...

Bolero and TradeLens join forces to accelerate electronic bill of lading adoption across the global shipping industry

Bill of Lading
London, Hong Kong, Singapore & Tokyo, 29 March 2022 – Bolero International, the leading provider of cloud-based trade finance digitisation solutions, announced today a collaboration with TradeLens, the blockchain-based global trade...

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