The electronic bill of lading: are we at the tipping point?
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APAC editor Cichen Shen asks whether the much-heralded electronic bill of lading is finally gaining momentum, and asks what are the big barriers to its adoption
THE electronic bill of lading has been one of the most talked-about innovations in container shipping for years now. Advocates say it can slash costs, cut fraud and ultimately unlock an entirely new world of digital trade finance. Sceptics say we've been hearing that promise for a decade and paper still dominates.
The latest DCSA figures put global EBL adoption at around 11%. That's growing, but it's a long way from the 100% target that carriers have set themselves for 2030.
So where do we actually stand? To find out, APAC editor Cichen Shen sat down with two people at the centre of the shift: George Guo, the chief executive of IQAX, one of the two largest eBL providers in the world by volume; and Peter Hartz, Maersk's head of ocean surcharges, value-added services and energy products.
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