Bills of Lading

Switch to electronic bills of lading could save shipping billions every year

The container shipping industry could save itself up to $4bn a year if half of all bills of lading (B/Ls) were dealt with digitally, according to the Digital Container Shipping Association (DCSA).
The DCSA is using the coronavirus pandemic to accelerate its mission to introduce electronic B/Ls to the shipping industry.
CEO Thomas Bagge told The Loadstar yesterday the association’s financial modelling had concluded that container shipping could save $4bn a year …

The post Switch to electronic...

https://theloadstar.com/switch-to-electronic-bills-of-lading-could-save-shipping-billions-every-year/

Supply chain radar: How air freight is teaching sea freight e-freight

I wonder how many senior cargo executives at the world’s airlines realise that their industry body is advising a significant group of customers on how to realign their industry – which could result in them collectively losing $4bn in annual revenues.
But that’s the implication of today’s news in The Loadstar.
The container shipping industry continues to operate by the Bill of Lading, a paper document that once a shipment has been …

The post Supply chain radar: How air freight is teaching sea...

https://theloadstar.com/supply-chain-radar-how-air-freight-is-teaching-sea-freight-e-freight/

Singapore Launches E-bills of Lading Initiative

Singapore launches Pilot of TradeTrust Blockchain Shipping Initiative for the maritime sector through development of electronic bills of lading (EBLs), reports Asia/MiddleEast Maritime Focus.

What is the benefit?

The Infocomm Media Development Authority (IMDA) and MPA are partnering up to lead development of Singapore’s TradeTrust initiative for the maritime sector through development of electronic bills of lading (EBLs).

Announcing the pilot in Singapore’s parliament on 4 March, Minister for...

http://mfame.guru/singapore-launches-e-bills-of-lading-initiative/

Stay clear of switch bills of lading warning to forwarders

Forwarders are being warned to stay clear of switch bills of lading (SB/Ls) following increased fraudulent activity.
While BIFA has had no enquiries on SB/Ls for a year or so, online freight forwarder iContainers and forwarder network WCA have indicated that the problem is on the rise.
The WCA has sent a note to members saying it cannot get involved in disputes between them where there is a switch bill of lading, owing …

The post Stay clear of switch bills of lading warning to forwarders...

https://theloadstar.co.uk/stay-clear-switch-bills-lading-warning-forwarders/

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