FIATA ELECTRONIC BILL OF LADING
with the CargoX Platform
CargoX manages the electronic FIATA Multimodal Negotiable Bill of Lading (eFBL) by integrating it into its blockchain-powered BDT Platform. The solution, deployed in full compliance with FIATA’s standards, enables FIATA members to issue, manage, and transfer eFBLs digitally, enhancing security, efficiency, and transparency in multimodal transportation.
Enhanced efficiency and reduced costs
Improved security and transparency
Streamlined operations and legal compliance
What is FIATA eBL?
The FIATA Bill of Lading (FBL) is a standardized multimodal transport document issued under the authority of the International Federation of Freight Forwarders Associations (FIATA). It is specifically designed for use by freight forwarders and is widely recognized in international trade and transport.
Key benefits of FIATA electronic bills of lading
The FIATA Bill of Lading is an essential tool for modern freight forwarders, ensuring standardized, efficient, and legally secure handling of multimodal transportation. It bridges the gap between shippers, consignees, and carriers, facilitating smooth and transparent global trade.
Authorized FIATA members can generate eFBLs on CargoX, embedding all necessary shipment details and terms. CargoX also automates data extraction, validation, and compliance checks for the eFBL, reducing manual errors and administrative delays.
Consolidates transport across multiple carriers and modes (e.g., sea, air, road, or rail) under one document. Simplifying document handling across different modes of transportation integrating it into a single legal framework.
Empowers FIATA-member freight forwarders to act as principal carriers or agents, offering clarity in roles and liabilities. The FBL can function as a negotiable document, allowing the transfer of ownership of goods during transit.
Eliminates courier costs, printing fees, and operational inefficiencies tied to paper-based processes. The platform accelerates document transfer and cargo release processes, minimizing demurrage and detention costs.
Fully paperless workflows contribute to environmental goals and improve ESG compliance.
It allows verifiable and traceable ownership transfers and real-time access for all stakeholders, ensuring transparency throughout the supply chain.
Why CargoX for FIATA eFBL?
CargoX’s deployment of the FIATA eFBL product provides a digital-first, standardized, and highly secure solution for FIATA members to revolutionize the handling of multimodal transport documents. By enabling seamless and compliant eFBL management, CargoX empowers freight forwarders to enhance their operations and unlock greater value in global trade.
Blockchain security
The eFBL is digitized and stored on CargoX’s blockchain infrastructure, ensuring it is tamper-proof, fast and immutable.
Centralized digital management
The FIATA eFBL product is fully integrated into CargoX’s ecosystem, allowing FIATA members to handle multimodal transport documents in the same environment as other electronic bills of lading.
Seamless integration
APIs enable integration with freight forwarders’ existing systems for a seamless transition to digital workflows.
Compliance and Global Acceptance
The CargoX platform aligns with the UNCITRAL Model Law on Electronic Transferable Records (MLETR) and the UK Electronic Trade Documents Act (ETDA 2023).
The CargoX eFBL complies with the United Nations Convention on International Multimodal Transport of Goods (where applicable) and other international regulations. It is also recognized by banks, making it acceptable for documentary credit transactions.
It is widely recognized and trusted by customs authorities, financial institutions, and carriers. It’s valid, enforceable, and compliant with international regulations for multimodal transport.
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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