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BIMCO is a founding member of the Future International Trade Alliance to facilitate acceptance and adoption of electronic bills of lading. We see this as helping to accelerate the digitalisation of global trade.
Support for BIMCO’s 25 by 25 Campaign to accelerate the adoption of electronic bills of lading in the bulk sector has received a boost from three leading P&I Clubs. We are delighted that the UK Club, the West and the NorthStandard have all added their backing to the initiative. BIMCO looks forward to welcoming the support of other P&I Clubs soon.
FIT Alliance member DCSA has announced that the CEOs of nine of the world's largest liner companies have pledged 100% adoption of eBLs by 2030. This significant commitment by these liner companies, the majority of whom are BIMCO members, sends a strong signal to the shipping community that the switch to eBLs is now a priority. The FIT Alliance is BIMCO, DCSA, ICC, FIATA and SWIFT. The Alliance collaborates on the development and adoption of relevant standards to facilitate the use of electronic bills of lading.
A group of container industry experts met earlier this month to examine whether BIMCO bills of lading may need to be amended due to the new SOLAS container weight verification requirements.
The standards of the various classification societies for construction standards of types A,B,C,D and E ships.
Use of electronic bills of lading saw a boost in a world where it was suddenly difficult to move and process paper bills of lading.
On 20 July 2023 the United Kingdom enacted an important new law that promises to transform the way international trade is conducted electronically. The Electronic Trade Document Act 2023 means that businesses that rely on English law are now legally permitted to exchange bills of lading and other trade documents electronically.
