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eBills of Lading
Why is shipping moving to electronic Bills of Lading?
Join Mads Wacher Kjærgaard from BIMCO as he dives into a critical question for global trade: How does the traditional paper bill of lading compare to its electronic counterpart?
In this video, we follow the journey of a shipment from Australia to China, exploring the costly delays and risks of paper bills versus the speed, efficiency, and security of electronic bills of lading (eBLs).
Discover why switching to eBLs is the smart move for modern shipping. Don’t miss this look at the future of trade.
Watch a recording of a BIMCO 15+15 webinar held on 2 October, where BIMCO's Grant Hunter gives a short presentation of the current situation and takes questions from the audience.
The industry is increasingly using electronic bills of lading (eBLs) as it recognises the benefits and opportunities that digital transformation brings. Many of the problems associated with using paper bills of lading can be avoided by using eBLs which:
- reduce the need to use letters of indemnity, which give rise to legal and commercial risks
- provide faster delivery through more efficient processing
- reduce emissions by eliminating the need to courier paper bills.
Paper bills of lading are inefficient and slow down trade. They are vulnerable to fraud and human error. Their use results in unnecessary legal and commercial risks such as relying on letters of indemnity or getting lost in transit.
Ready to make the switch? Contact us via email to learn how you can start using eBLs or support the pledge today.
To help further accelerate this digital transformation, the following companies have signed the 25 by 25 Pledge and will target moving at least 25% of their annual seaborne trade volume for at least one commodity using eBLs by 2025:
In addition, the following companies and organisations have pledged their support for the 25 by 25 initiative:
As the practical voice of shipping BIMCO is committed to supporting the industry with this transition. Watch videos where our Standards, Innovation and Research team discuss the benefits, challenges and way forward.
READ OUR QUICK START GUIDE FOR EBLS
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