Leschaco chooses WAVE BL to power its fully digital house bills

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PHILADELPHIA CREAM, November 9, 2022 /PRNewswire/ — Taking another step forward in a trend that has transformed the shipping industry, Leschaco, a global logistics services provider with over 140 years of experience, has decided to digitize its house bill transactions (HBL). To do this, he partnered with WAVE BL, a leading provider of secure digital document solutions.

In a typical digital HBL transaction, Leschaco receives a master bill of lading (MBL) on the WAVE BL platform, then issues multiple house bills of lading (HBL) to each exporter in the transaction. These, in turn, receive their HBLs and transfer ownership to the importers. Each importer sells its HBL to Leschaco, and Leschaco sells the MBL.

Since every eBL transfer is completed digitally in minutes on the WAVE BL platform, entire document transactions can be completed in hours rather than the weeks that paper-based transactions can take. Part of the simplicity of these transactions stems from the fact that WAVE BL allows all parties to connect on a single unified network.

Leschaco’s move to digital BLs was driven by the unreliable nature of paper BLs, especially during times of instability. Courier delays delayed freight deliveries and finance processes, and the tendency for paper BLs to get lost or misplaced had long been a problem for customers. By adopting WAVE BL’s electronic BLs, Leschaco was able to eliminate these inefficiencies as well as benefit from WAVE BL’s anti-fraud protections and exceptional customer experience.

Digitalization is rapidly transforming the global shipping industry. Leschaco’s pioneering use of electronic house bills – one of the first in the industry – is a further demonstration of how digitization can replace any type of paper-based communication.

CEO of WAVE BL, Noam Rosenfeldadds, “Leschaco’s use of electronic HBLs is an exciting step. Digital is the direction the industry is heading in, and we pride ourselves on offering an easy-to-use solution tailored to the needs of the industry. One of our main priorities is to make the transition to eBL as easy as possible, with full support every step of the way. » Konstantin ConradCDO of the Leschaco Group added: “Fast and secure transport of trade documents is an essential part of the supply chain. Digitization is becoming increasingly important. Leschaco was therefore looking for a digital solution and chose WAVE BL as a supplier. The Leschaco eBL solution will increase our customers’ satisfaction and make our documentation more efficient and sustainable.”

About Leschaco

The Leschaco Group is a traditional owner-managed logistics service provider and offers intercontinental logistics solutions for ocean and air freight as well as contract logistics and tank container operations. As a proven partner for leading companies in plant construction and mechanical engineering, automotive, chemical and related industries, producers of consumer goods and pharmaceuticals. Leschaco offers complete logistics solutions from a single source. Our globally standardized IT environment guarantees the required high process transparency. The company was founded as Lexzau, Scharbau by Wilhelm Lexzau and Julius Scharbau in Hamburg in 1879. Today, the group has 73 own offices, employing around 2,600 people in more than 23 countries around the world. This network is supported by a network of carefully selected agents. The companies’ registered office is located at Bream.

For more information visit https://www.leschaco.com/

Media Contact:
Ms Ulrike-M. from Bargen Zirwen
Corporate Communications Manager
[email protected]

About WAVE BL

WAVE BL is a blockchain-based digital platform that facilitates the traditional process of electronically transferring original paper documents. The patented proprietary solution enables instant, encrypted and authenticated transfer of bills of lading and other unique digital documents. WAVE BL’s platform is designed to meet the needs of every member of the supply chain, from the smallest importer to the largest shipping carriers and banks.

For more information, visit www.wavebl.com

Media Contact:
M/s. Ilan Weiss
Marketing Vice President
[email protected]

Logo – https://mma.prnewswire.com/media/1942804/WAVE_BL_Leschaco_logo.jpg

SOURCE WAVE BL; Leschaco

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