TradeLens issues the first electronic bill of lading in the UAE

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Safeline Freight and Fortuna DMCC have become the first to adopt the electronic TradeLens (eBL) bill of lading in the United Arab Emirates, providing access to the digital issuance, transfer and remittance of original bills of lading using blockchain technology.

“Combined, the two companies move more than 7,500 containers a year in and out of the UAE,” according to a statement from Maersk.

TradeLens is a trader-neutral, blockchain-enabled digital supply chain platform jointly developed by Maersk and IBM. “The solutions offered by TradeLens are accelerating the digitalization agenda of the supply chain industry worldwide by transforming manual, paper-based and time-consuming administrative processes into digital ones. TradeLens enables an original bill of lading to be digitally issued directly to from one carrier and moved electronically through its journey with all stakeholders.This reduces the hassle of sending physical documents from one stakeholder to another through a courier process, eliminates the costly possibility of lost or falsified documents and eliminates the inefficiencies of manual processes.

Ahmed Beyi, CEO of Safeline Freight, said, “I was amazed at how easy and fast I can control all my bills of lading through TradeLens eBL. As it is a cloud-based solution, all my shipments and documents are available to me and my team on any device anywhere in the world With eBL acceptance by major shipping carriers, ports, customs and a list that just keeps on coming to lengthen, life has become easier for freight forwarders and our customers.

Varun Kulshreshtha, Regional Head of TradeLens, Maersk West & Central Asia, added, “TradeLens eBL is our latest addition to our UAE product portfolio, which also includes document visibility and collaboration, making the platform TradeLens is a very compelling proposition for any company’s journey to digitize the supply chain.The eBL has proven to be very popular with customers and is expected to become the default way to manage shipments in our region within a few years. »

The TradeLens ecosystem consists of over 1,000 organizations, including major shipping carriers representing over two-thirds of the global market, and integrated with leading trade finance banks operating in multiple countries with a common vision to help modernize the trade finance industry. The platform has already tracked over 55 million container shipments, 4.7 billion events and over 25 million published documents.

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