Tag: Bill of Lading

American Club's Regional Business Development Director, V.P-FD&D Manager, Elina Souli delivers a video introduction to the basic functions of  Bills of Lading (BsL) & Letters of Indemnity (LOIs) outlining how these are being utilized during the COVID-19 pandemic & highlights some red flags of which to be aware.

The International Group of P&I Clubs invites operators and shipowners to take note of how the Corda eBL software will operate. 

Hapag-Lloyd announced that it now offers its customers the use of electronic Bills of Lading.

Since the start of the pandemic, shipowners and carriers have faced an increase in requests to issue bills of lading at the discharge port.

To facilitate implementation of its bill of lading (B/L) standards, DCSA released interface standards for the submission of shipping instructions and B/L issuance.

The International Group of P&I Clubs recently approved an updated version of essDOCS (former ESS)’s electronic trading system.

One of the most common situations in which a Letter of Indemnity (LOI) might be used is to deliver cargo without presentation of original bills of lading (OBLs), because the bills are not available at the discharge port.

As part of a major initiative to accelerate digitalization in the shipping industry, BIMCO revealed plans to develop an electronic bill of lading standard for the dry and liquid bulk sectors.

Times of economic crisis have historically often flushed out frauds and other unscrupulous dealings which may not otherwise have been discovered in normal economic conditions, note experts from Norton Rose Fulbright.