The UK Electronic Trade Document Act 2023 means that businesses that rely on English law are now legally permitted to exchange bills of lading and other trade documents electronically.
BIMCO’s digital standard for electronic bills of lading for the bulk sector is an important step towards establishing uniform standards and transmission for end-to-end digitalisation.
Valuable insights into the transformative potential of the FIT Alliance's eBL Declaration and the global push for electronic bills of lading (eBL) adoption, featuring input from BIMCO and the ICC Digital Standards Initiative.
Watch the webinar recorded on 1 December about Future International Trade – is interoperability the key to full scale adoption of electronic bills of lading?
The Maritime Port Authority of Singapore (MPA) has joined BIMCO’s 25 by 25 campaign to accelerate the adoption of electronic bills of lading in the bulk sector.
The Digital Container Shipping Association (DCSA) has published a promising report highlighting positive eBL law reforms, emphasising the potential of electronic bills of lading to save $6.5 billion in direct costs and boost global trade by $30-40 billion annually.
The results of the survey of members of the respective organisations of the Future International Trade (FIT) Alliance, including BIMCO, show that an overwhelming majority (86%) believe that electronic bills of lading are the key to unlocking the digital transformation of global trade and shipping.