Electronic Bill of Lading

  • Trafigura Leads the Way with a Groundbreaking $2.885 Billion Syndicated Facility Leveraging Electronic Bills of Lading (eBL)

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    In a transformative move for global trade finance, Trafigura, in partnership with ING and 27 other lenders, has successfully executed a $2.885 billion borrowing base facility using electronic Bills of Lading (eBL) as collateral. This pioneering transaction demonstrates the growing influence of digitization in trade finance, supported by the UK’s Electronic Trade Documents Act (ETDA),… Read more

  • UNCITRAL’s Framework for Negotiable Cargo Documents: Modernizing International Trade

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    The UNCITRAL Negotiable Cargo Documents framework is designed to modernize and harmonize the legal rules governing documents used in the transport of goods, particularly in international trade. These documents, commonly known as bills of lading, play a crucial role in shipping by serving as evidence of the contract of carriage, a receipt for the goods,… Read more

  • The State of the Industry Report 2024 – Insights on Digital Evolution in Container Shipping

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    Discover ‘The State of the Industry 2024 – Insights on Digital Evolution in Container Shipping’ report, a milestone in the industry’s digital transformation journey. This comprehensive study explores the progress made, the challenges faced, and the role of standards in driving change. Through insights from 400 senior decision-makers and 35 in-depth interviews, the report provides a… Read more

  • Navigating the Transition from Paper BL to eBL

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    You are likely reading this on a digital device. In the last week you’ve probably done your banking, communicated, and maybe even booked a flight, an Uber or a holiday — all digitally. You may even find it hard to remember when you last needed a paper document. Yet in international shipping, almost 96% of… Read more

  • The Electronic Bill of Lading Declaration

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    The FIT Alliance was formed in February 2022 with five founding members: BIMCO, DCSA, FIATA, ICC and SWIFT. The key objectives of the FIT Alliance are to raise awareness and accelerate adoption of a standards-based electronic bill of lading (eBL)across all sectors of the shipping industry: a universal eBL. A universal eBL would benefit all… Read more