HMM and CargoX partner to introduce integrated solution for global electronic BL service to HMM customers
(Seoul, Republic of Korea / Ljubljana, Slovenia – 25 June 2024) – HMM, Korea's largest and the world's eighth-largest container carrier, has announced a strategic partnership with CargoX, a leading provider of electronic trade document solutions. This collaboration introduces electronic bill of lading (eBL) features on the HMM digital service platform.
Through this partnership, HMM customers will benefit from the advanced functionalities of the CargoX Platform, which will be integrated into HMM’s digital services. This integration aims to modernise and streamline eBL workflows, enhancing the efficiency and security of global trade documentation.
“We are delighted to announce the launch of our electronic bill of lading service in partnership with CargoX, a leading provider of electronic document solutions. This new eBL capability will enable us to deliver an enhanced service to our customers and spearhead the digitalisation of the shipping industry,” said Kurt (Wonjun) Jang, SVP of HMM Container Operation Office.
“We are thrilled to partner with HMM, a global shipping leader. This collaboration advances global trade by implementing efficient, fast, and secure electronic bills of lading. As the logistics industry digitises, we are proud to support HMM in leading this transformation,” said Bojan Čekrlić, CEO of CargoX.
Customers using HMM services can now generate eBLs within the HMM digital service system and seamlessly transfer them through the global CargoX Platform.
The eBL document lifecycle includes features such as transfer, surrender, and document acceptance, ensuring comprehensive support for all equivalent paper-based functions. Each eBL is recorded on the public ledger, guaranteeing secure and immutable documentation, with audit logs accessible at all times.
Initially, the service supports electronic bills of lading in PDF format, with structured data eBLs based on the forthcoming DCSA eBL standard to be available soon.
The HMM digital services platform and CargoX Platform integration will be available to all HMM customers globally starting on 8 July 2024.
About HMM
HMM is South Korea’s national flagship carrier headquartered in Seoul with more than 48 years of experience within the shipping industry. As one of the world’s leading container shipping companies, HMM operates worldwide transportation services with a global fleet of over 100 state-of-the-art vessels. HMM strategically collaborates with customers to develop customised supply chain solutions for dry, refrigerated, and other specialised cargo.
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About CargoX
CargoX is one of the leading providers of electronic trade document solutions, introducing trust in the digital economy. The CargoX Platform facilitates the creation, transfer, validation and processing of electronic bills of lading and other electronic trade documents for shipping and fintech, as well as customs document processing (ACI, ACEM, …). The Platform received approval from the International Group of P&I Clubs (IGP&I) in 2020.
CargoX collaborates with DCSA and FIATA, SWIFT, BIMCO, ICC and UNCITRAL. The platform is used by more than 125,000 businesses and organisations worldwide. They have used it to process more than 7 million electronic trade documents so far. CargoX works with the governments of Egypt, United Arab Emirates, Uganda and Abu Dhabi, as well as in the fintech space with banks on new electronic trade document solutions.
Most recently, CargoX participated in an interoperability project with Lloyd’s Bank and Enigio and received the title of Best Use of Interoperable Digital Trade Technology in the Banking Sector at the ICC C4DTI Awards in London.
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