MSC announced it would transition to 100% use of standardised electronic bills of lading by 2030, with an intermediate target of 50% within five years.

MSC CEO Soren Toft said he was “delighted” that MSC is taking this step towards paperless trade.

“Our pioneering MSC eBL [electronic bill of lading] solution has already transformed the shipping experience for numerous customers by making the process faster, simpler and more efficient than ever before,” he said.

“On top of these benefits, moving to 100% eBL will contribute towards our climate goals, as we move towards net zero 2050.”

MSC launched its own electronic bill of lading system in April 2021. The company said the system simplifies and speeds up the shipping process, as well as making it more secure.

The 100% electronic bills of lading commitment has also been signed by the eight other carrier members of the Digital Container Shipping Association (DCSA).

According to MSC, the electronic bills of lading replicate the exact same functions as a paper bills of lading, but in digital form, thereby offering a more efficient, secure and sustainable alternative.