BIMCO ELECTRONIC BILL OF LADING
with the CargoX Platform
CargoX offers a blockchain-based platform that revolutionises the management of BIMCO bills of lading, providing a secure, efficient, and compliant solution. This platform streamlines maritime documentation, aligning with international standards and practices.
Enhanced efficiency and reduced costs
Improved security and transparency
Streamlined operations and global accessibility
What is BIMCO eBL and what is its purpose?
The BIMCO bill of lading refers to a standard form of bill of lading published by the Baltic and International Maritime Council (BIMCO), a leading international shipping association. BIMCO provides widely recognized standardized contracts and documents used across the maritime industry.
Their bill of lading templates are designed to comply with international laws and best practices for shipping and logistics. BIMCO's bills of lading are widely respected for their precision, legal robustness, and adaptability, making them a cornerstone of maritime documentation.
Advantages of BIMCO electronic bills of lading
By offering digitalization for the entire suite of charter-party and shipping documents, CargoX positions itself as a market leader, empowering customers to modernize and streamline their maritime operations. Discover the advantages of utilizing BIMCO bills of lading on the CargoX Platform.
It eliminates manual handling and courier delays across all document types, accelerating the overall shipping process and reducing errors and discrepancies by automating data extraction and verification.
Blockchain-secured documentation ensures that all records are tamper-proof and legally compliant. Digital LOIs and Mate’s Receipts reduce risks of fraud and disputes by providing verifiable, real-time access to accurate data.
Going digital reduces courier fees, printing costs, and administrative expenses across all documents. Faster documentation processes lead to reduced demurrage and detention charges.
Real-time tracking and secure sharing enhance transparency in maritime operations.
Universally accepted format minimizes disputes and ensures consistent practices.
Paperless workflows align with global sustainability goals and reduce the shipping industry’s environmental impact.
How CargoX manages multiple document types
Blockchain security
All documents, including Mate’s Receipts, LOIs, and Charter Party Agreements, are secured on the CargoX blockchain, ensuring immutability and verifiability.
Centralized digital management
Customers can access and manage all their shipping documents from a single platform. Documents are easily shareable with authorized stakeholders, reducing administrative overhead.
Seamless integration
The digitalized documents can be integrated into existing workflows, enhancing operational continuity without requiring significant process changes.
Standardisation and compliance
The CargoX platform aligns with the UNCITRAL Model Law on Electronic Transferable Records (MLETR) and the UK Electronic Trade Documents Act (ETDA 2023).
We support standard BIMCO templates like CONGENBILL, ensuring uniformity and reducing ambiguities as well as ensuring compliance with international maritime regulations.
Our platform provides clarity on the carrier's and shipper's liabilities.
An active global CargoX ecosystem
Join the rapidly expanding eBL ecosystem, the CargoX Platform, where tens of thousands of companies have successfully sent millions of electronic trade documents globally in minutes, without major issues. Embrace the opportunity to elevate your business efficiency to new heights!
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