Top carriers vow to make all bills of lading electronic by 2030
Feb, 17, 2023 Posted by Gabriel MalheirosWeek 202308
Nine top global carriers belonging to the Digital Container Shipping Association(DCSA) have committed to 100% adoption of an electronic bill of lading (eBL) based on DCSA standards by 2030 in a significant digital step forward for the industry.
Switching away from the transfer of physical paper bills of lading could save $6.5bn in direct costs for stakeholders according to DCSA estimates, and enable $30bn to $40bn in annual global trade growth.
The bill of lading functions as a document of title, receipt for shipped goods and a record of agreed terms and conditions. Ocean carriers issue around 45m bills of lading a year. In 2021, only 1.2% of these were electronic.
Thomas Bagge, CEO of DCSA, said: “The digitalisation of international trade holds vast potential for the world economy by reducing friction and, as trade brings prosperity and the eBL will further enable trade, helping bring millions out of poverty. This heralds the start of a new era in container shipping as the industry transitions to scaled automation and fully paperless trade.”
Vincent Clerc, the new CEO of A.P. Moller -Maersk, commented: “The need for digitisation in logistics is urgent, and the industry needs to speed up the process.”
Source: Splash247
To read the original reporting, please visit: https://splash247.com/top-carriers-vow-to-make-all-bills-of-lading-electronic-by-2030/
-
Automotive
Jan, 11, 2022
0
Road equipment industry grows in 2021 and returns to normal standing
-
Ports and Terminals
Apr, 25, 2024
0
Paranaguá Port Sets 100 Tons of Soybeans Handled Per Minute Record
-
Economy
Aug, 16, 2021
0
Trade balance surplus reaches US$ 3.58 billion by the second week of August
-
Other Cargo
Aug, 26, 2022
0
Uruguay dairy exports climb 22%