Digitizing trade documentation and the bill of lading | McKinsey
Oct 4, 2022 · This article builds a case for digitalizing trade documentation and demonstrates how adopting an electronic bill of lading could save $6.5 billion in direct costs and enable between $30 billion and $40 billion in new global trade volume.
Bill of Lading - what is it and why is it important? - Maersk
Oct 2, 2023 · A bill of lading is a legal document that is issued by a carrier to the shipper. It contains details about which goods are being shipped, where the shipment is coming from and going to, as well as details of the shipper, carrier, and consignee.
Maersk: The ambition to digitize global trade starts with electronic ...
Nov 25, 2022 · The Bill of Lading is and has been a vital instrument in international trade, serving as a receipt of cargo, evidence of a contract of carriage, and a title of goods. The electronic Bill of Lading is all of that but in a digital solution. A paperless revolution one might say.
DCSA - Driving digitalisation in container shipping
Feb 15, 2023 · The bill of lading is one of the most important trade documents in container shipping. It functions as a document of title, receipt for shipped goods and a record of agreed terms and conditions. Ocean carriers issue around 45 million bills of lading a year.
9 ocean carriers commit to 100% electronic bill of lading by 2030
Feb 23, 2023 · A group of major ocean carriers committed to a timeline transitioning from paper bills to electronic bills of lading, known as eBL, in a bid to eliminate inefficiency and accelerate the digitization of trade.
Container lines commit to 100% e-bill of lading adoption by 2030
Feb 15, 2023 · Members of the Digital Container Shipping Association (DCSA), including some of the world’s largest container lines, have committed to fully adopting electronic bills of lading (EBL) by 2030.
NMFTA Establishes New LTL eBOL Standards - Transport Topics
Apr 3, 2024 · The National Motor Freight Traffic Association announced an update to its electronic bill of lading standards March 26 to help digitize less-than-truckload shipping.
Difference between Bill of Lading and Sea Waybill | Maersk
3 October 2023. Ocean Transport Bill of Lading. When you're shipping freight with a carrier, you’ll need a bill of lading. But what type should you use — an original bill of lading or a sea waybill? In this article, we explain the meaning of both, and how they differ. What's the …
Bill of Lading (B/L) - The key document in shipping - Hapag-Lloyd
The Bill of Lading (B/L) acts as a receipt, contract of carriage and proof of ownership. It is issued by the carrier who acknowledges the receipt of the goods for shipment on board and is responsible for their safe transport to the port of destination.
Major progress for electronic bill of lading | Freight News
Feb 15, 2022 · The aim is to facilitate acceptance and adoption of an eBL (electronic Bills of Lading) by regulators, banks and insurers and to unify communication between these organisations and customers, physical and contractual carriers, and all other stakeholders involved in an international trade transaction. “The digitalisation of documentation for ...