Logistics

Hapag-Lloyd Transitions to Electronic Bill of Lading via GSBN Infrastructure

Hapag-Lloyd Transitions to Electronic Bill of Lading via GSBN Infrastructure

Sedat Onat
Hapag-Lloyd transitions to electronic bill of lading via GSBN infrastructure

Global Shipping Business Network (GSBN) announced that Hapag-Lloyd will use the IQAX eBL system to issue electronic bills of lading (eBL). The initiative, conducted through GSBN's infrastructure in collaboration with the Digital Container Shipping Association (DCSA), aims to achieve broader industry adoption. The APIs enable data exchange in compliance with DCSA's latest eBL API standards (version 3.0).

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Nilesh Popat of Hapag-Lloyd emphasized that the need for digital solutions has become increasingly critical as global supply chains grow more complex and volatile. IQAX eBL, delivered via GSBN's blockchain network, offers customers greater choice, visibility, and control. The company aims to achieve 100 percent electronic bill of lading adoption by 2030.

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Niels Nuyens from DCSA expressed satisfaction with the successful implementation of DCSA's eBL standards by Hapag-Lloyd and its partners, describing it as a significant step in the mission to digitize the container shipping industry.

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GSBN noted that the IQAX eBL solution reduces the document transfer process from weeks to seconds. Additionally, the system facilitates access to trade finance. Nine banks support the IQAX eBL system.

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Lionel Louie, Commercial Director at IQAX, stated that the IQAX eBL solution provides customers with a fast and secure system at no additional cost, with more than 180,000 original electronic bills of lading issued since 2023. GSBN CEO Bertrand Chen noted that the number of eBLs issued via GSBN's blockchain network is rising rapidly and that the company is strengthening its partnerships with commercial banks.

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Key Points
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  1. Hapag-Lloyd will issue electronic bills of lading using IQAX eBL via GSBN's infrastructure.

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  2. The operation is being carried out in compliance with DCSA's latest eBL API standards (version 3.0).

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  3. IQAX eBL dramatically accelerates the document transfer process, completing it in seconds rather than weeks.

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  4. The IQAX eBL solution facilitates access to trade finance and is supported by multiple banks.

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  5. The goal is to achieve 100 percent electronic bill of lading usage by 2030.

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News Link: https://www.porttechnology.org/news/hapag-lloyd-to-utilise-iqax-ebl-via-gsbn/

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