SHIPPING line Hapag-Lloyd now offers its customers the use of electronic Bills of Lading. In co-operation with WAVE BL, a digital platform for supply chain partners, customers can go paperless not only with the Bill of Lading, but also with other vital trade documents.
By using the WAVE BL network, printing, signing, and releasing paper-based documents will cease. The platform optimises the flow of cargo in a blockchain-backed digital infrastructure, taking the place of manual workflows in exchange for a more secure, automated solution, where carriers can issue, possess, transmit and sign documents within minutes.
Juan Carlos Duk, managing director global commercial development of Hapag-Lloyd, said, “We are reaching the next milestone in our journey of being a premier digital carrier by providing a much needed electronic Bill of Lading release solution to our customers.
“The new tool will enable the secure and speedy electronic release of these documents.
“By partnering with Wave BL, we continue to expand our offers of e-tools, committing to our promise of adding value to our customers,” he said.
With the new solution Hapag-Lloyd gets one step further of going paperless with its customers. Physical documentation sharing on paper has high costs and exposes risk of forgery and loss in an industry that grosses more than US$19 trillion in goods, annually.