Today Mediterranean Shipping Company (MSC) announced it has adopted the electronic bill of lading (eBL) solution WAVE BL. The production announcement enables all MSC customers to use WAVE BL and follows a successful pilot. Together the partners have created a user friendly platform so that shippers don’t have to change their processes.
“MSC has chosen WAVE BL because it is the only solution that mirrors the traditional paper-based process that the shipping and cargo transportation industry is used to,” says André Simha, Global Chief Digital & Information Officer at MSC. “It provides a digital alternative to all the possibilities available with traditional print documents, just much faster and more secure.”
According to the Maritime and Port Authority (MPA) of Singapore, despite COVID-19, only 0.1% of bills of lading are issued electronically. Given bills of lading represent ownership of the container, the sender usually couriers the document to the buyer to claim the container on arrival. With the pandemic, this is problematic, and it’s also open to fraud because it’s paper-based.
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