News / Trade alliance takes up the challenge of toppling barriers to electronic bills of lading

© Sashkinw

A new special interest group is being formed to develop and disseminate an open-source standard for electronic bills of lading (eBLs).

The Digital Container Shipping Association (DCSA), BIMCO, FIATA, the International Chamber of Commerce (ICC) and SWIFT have established the Future International Trade (FIT) Alliance in the hope of getting eBLs adopted and used as standard across the shipping industry.

eBLs promise to streamline trade by exchanging a digital certificate between parties, rather sheaves of paper documents and DCSA has calculated that ...