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    recaap isc

    ReCAAP ISC: No incident of piracy and armed robbery 19 – 25 September

    The Future of Maritime Safety 2023: 853 distress calls in 2022

    The Future of Maritime Safety 2023: 853 distress calls in 2022

    car carrier fire

    Bulk carrier suffers engine room fire in Sumatra, Indonesia

    BIMCO: Key US grain exports could fall 15% in 2023

    Britannia: How to prevent heat damage to agricultural cargoes

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    thinking out of the box

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    Practicing gratitude can change your life

    Practicing gratitude can change your life

    Always do what your gut tells you: Keep it healthy

    Always do what your gut tells you: Keep it healthy

    Book Review: A role model for ship managers

    Book Review: How we perceive and deal with luck in life and business

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    Meyer Werft to construct LNG-fuelled ship for NYK Cruises

    Meyer Werft to construct LNG-fuelled ship for NYK Cruises

    DNV: US and Canada will spend $12 trillion on renewable energy

    DNV: US and Canada will spend $12 trillion on renewable energy

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    K Line and ClassNK launch biofuel emissions reduction certificate

    x press pearl

    Sri Lanka receives interim insurance payment for X-Press Pearl disaster

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    Jotun Hellas pioneers vessel maintenance and safety with novel Aerial Drone Inspection Service

    Jotun Hellas pioneers vessel maintenance and safety with novel Aerial Drone Inspection Service

    IUMI explores the implications of digitalization on marine insurance

    IUMI explores the implications of digitalization on marine insurance

    UK-Singapore consortium achieves world’s first fully-digitalised shipment

    UK-Singapore consortium achieves world’s first fully-digitalised shipment

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    Crude oil tanker to pay 88 crores for damaging Haldia oil jetty

    China conducts ballast water inspections to vessels arriving from Japan

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    M/V “HAKSA” refused access to the Paris MoU

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    IUMI explores the implications of digitalization on marine insurance

    IUMI explores the implications of digitalization on marine insurance

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    Tokyo MOU: Fire Safety is one of the most frequently detainable deficiencies

    Tokyo MOU: Fire Safety is one of the most frequently detainable deficiencies

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    Seafarer Stories: Capt. Cristian Bacanu, Master

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SAFETY4SEA

Hapag-Lloyd commits to full adoption of e-bills of lading by 2030

by The Editorial Team
March 13, 2023
in Smart
electronic bills of lading

Credit: Shutterstock

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The nine ocean carrier members of the Digital Container Shipping Association (DCSA), including Hapag-Lloyd, announced their commitment to fully adopt standardized electronic bills of lading (eBL) by 2030.

According to the announcement, as a first step, the members commit to converting 50% of original bills of lading to digital within the next five years. Switching away from the transfer of physical paper bills of lading could save $6.5 billion in direct costs for stakeholders, enable $30-40 billion in annual global trade growth, transform the customer experience and improve sustainability.

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. In 2021, only 1.2% of these were electronic.

Manual, paper-based processes are time-consuming, expensive and environmentally unsustainable for stakeholders along complex supply chains. Paper-based processes break down when cargo in ports cannot be gated out because original bills of lading, or title documents fail to arrive or cannot be manually processed in time. In contrast, digital processes enable data to flow instantly and securely, reducing delays and waste.

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Transforming document exchange through the eBL will accelerate digitalization to benefit customers, banks, customs/government authorities, providers of ocean shipping services and all maritime supply chain stakeholders.

The target of having 100% eBL by 2030 is an important part of digitalising global supply chains and will require a collective effort from the industry to make it a reality.

..said Rolf Habben Jansen, CEO of Hapag-Lloyd.

Tags: Bill of LadingDCSAdigitalizatione-navigationHapag-Lloydsustainability
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