Wednesday, November 29, 2023
shipping and freight resource services

Electronic Trade Documentation

Uganda’s Presidential Advisory Committee on Exports and Industrial Development (PACEID) recently announced its partnership with the Technology Associates & CargoX Consortium (TA-CargoX) to develop TradeXchange. TradeXchange is a national trade facilitation platform for exporters expected to be...
The shipping industry is on the cusp of a significant transformation, thanks to the strides made in digital trade documentation. Electronic trade documents like bills of lading are making good headway in the world of shipping,...

ATA Carnet, its uses and its digital transformation

The International Chamber of Commerce defines an ATA Carnet as an international customs document that permits the duty-free and tax-free temporary import of goods...

USA Ahoy – ODeX and Hapag-Lloyd partnership sets sail in the USA

Winds of change are blowing across the global shipping and trade landscape.. Fuelled by the lessons learned and fallouts from COVID-19, these changes are...

Survey on digitalization trends in ocean shipping documentation

The shipping industry is at the forefront of change with digitalization efforts to enhance operational efficiency and reduce operational hurdles gaining momentum both on...

User-centric approach required to enhance technology adoption in logistics – Liji Nowal

The logistics landscape is riddled with complexities and inefficiencies, especially for small to medium enterprises (SMEs) as they struggle to navigate the myriad of...

COSCO Energy and COSCO Bulk team up with GSBN, issue first electronic bill of lading

COSCO Shipping Energy Transportation Co., Ltd (“COSCO Energy”) and COSCO Shipping Bulk CO., Ltd (“COSCO Bulk”) have become the latest in a string of...

Lloyds Banking Group invests in Enigio to accelerate digital trade documentation

Lloyds Banking Group has invested €3 million in technology company Enigio to expand its use of digital documentation in trade. The €3 million investment will...

The dawn of a new trade era with the UK Electronic Trade Documents Act

One of the most transformative laws in recent history came into force today the 20th of September 2023 in the United Kingdom after a...

FIT Alliance spearheads digital transformation in trade with eBL Declaration

In line with the push from various organisations and entities to move towards a digitized trade future, the FIT Alliance – made up of...

G20 nations add their voice to trade digitalization – identify high level principles

The Ministers responsible for Trade and Investment of the G20 countries convened in Jaipur on 24th-25th August 2023 at the Trade and Investment Ministerial...

ICC and Swift launch API standards for Bank Guarantees and Standby Letters of Credit

The International Chamber of Commerce (ICC) and Swift have jointly introduced the premiere API (application programming interface) standards for bank guarantees and standby letters...

It is Official – UK Electronic Trade Document Bill becomes Law

The much anticipated UK Electronic Trade Document Bill a product 5 years in the making, has received Royal Assent which is the final step...

Amendments to UK Electronic Trade Documents Bill approved, to become Law after Royal Assent

On the 12th of Oct 2022, The Electronic Trade Documents Bill (HL Bill 57) was introduced in the House of Lords in the UK Parliament...

Emoji (👍) decision related to UNCITRAL Model Law on Electronic Commerce (MLEC)

I recently posted an interesting article about how "You could be legally and contractually liable if you give a Thumbs Up" using an emoji...

ICC releases eUCP V2.1 (Uniform Customs and Practice for Documentary Credits)

As many are aware, international trade relies on documentary credit instruments such as letters of credit, which serve as the backbone of transactions. The Uniform...

Enigio completes first end-to-end paperless digital trade document transaction

Enigio AB has announced that the first paperless digital end-to-end trade document transaction was completed using its solution for digital original documents – trace:original...

Digital transformation in shipping needs business transformation – Andre Simha

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...

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

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...

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

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

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

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

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