Container shipping major, Hapag-Lloyd has introduced the use of electronic Bills of Lading (eBL) worldwide in cooperation with Wave BL – a digital platform for supply chain partners.
With the new solution Hapag-Lloyd gets one step further of going paperless with its customers. The company’s customers can go paperless not only with the Bill of Lading but also with other vital trade documents.
Physical documentation sharing on paper has high costs and exposes risk of forgery and loss in an industry that grosses over US$19 trillion in goods annually.
Through the use of the Wave BL network, printing, signing, and releasing paper-based documents will come to an end.
The platform optimises the flow of cargo in a Blockchain-backed digital infrastructure, taking the place of manual workflows in exchange for a more secure, automated solution that allows carriers to issue, possess, transmit and sign documents within minutes.
Juan Carlos Duk, Managing Director- Global Commercial Development at Hapag Lloyd said, “We are reaching the next milestone in our journey of being a premier digital carrier by providing a much-needed electronic Bill of Lading release solution to our customers.”
“The new tool will enable the secure and speedy electronic release of these documents.”
Duk added, “By partnering with Wave BL, we continue to expand our offers of e-tolls, committing to our promise of adding value to our customers, improve the customer experience and being number one for quality.”