Original bills of lading are used on an estimated five trillion dollars’ worth of containerized freight shipments every year, but these paper documents cost time and money to transact.
The TradeLens eBL is a standard, industry-supported, end-to-end digital solution that provides shippers, cargo owners and freight-forwarders a streamlined and secure process for the issue, transfer and surrender of original bills of lading.
Daniel Wilson spoke with Contour as part of Trade Finance Global’s fireside chat series. He outlined how the TradeLens platform brings shippers’ ecosystems together. The discussion covered how TradeLens is working with other platforms to achieve end-to-end digital solutions for customers. See the recording of the webinar below.
A detailed live demonstration of the TradeLens eBL functionality can also be found here.
The global acceptance of eBL is in motion, how can MLETR and other legislative initiatives help?
We sat down with senior global trade experts, Diana Jones, Director of Solution Architecture, and Juanjo Ruiz, Strategy and Business Development at TradeLens to discuss the proliferation of electronic bills of lading (eBL) and the disruption of blockchain as an emerging technology with a substantial opportunity to support banks with unlocking a $3.4 trillion trade gap in the trade finance market. The following is a Q&A on these topics.
Bangladesh/Hong Kong – Citi Treasury and Trade Solutions (TTS) Asia Pacific has completed its first pilot paperless trade finance transaction using the TradeLens platform. Leveraging blockchain technology supplied by TradeLens, the pilot illustrates the effectiveness of the technology to improve supply chain efficiency by significantly reducing document processing lead times.