Hyundai Merchant Marine (HMM) has established a strategic relationship with CargoX to integrate electronic bill of lading (eBL) features into HMM’s digital service platform.
This collaboration seeks to modernise and streamline eBL operations, hence improving the efficiency and security of global trade documents.
Kurt (Wonjun) Jang, SVP of HMM Container Operation Office, said: “This new eBL capability will enable us to deliver an enhanced service to our customers and spearhead the digitalisation of the shipping industry.”
Bojan Čekrlić, CEO of CargoX, stated: “This collaboration advances global trade by implementing efficient, fast, and secure electronic bills of lading. As the logistics industry digitises, we are proud to support HMM in leading this transformation.”
READ: Uganda, TA-CargoX partner to develop blockchain trade facilitation
CargoX noted that HMM customers can now generate eBLs within the HMM digital service system and transfer them through the global CargoX platform.
The eBL document lifecycle includes capabilities like transfer, surrender, and document acceptance, guaranteeing full compatibility for all corresponding paper-based processes.
Each eBL is reportedly recorded on the public ledger to provide safe and immutable documentation, with audit logs available at all times.
READ: DCSA addresses eBLs in shipping
Initially, the service offers eBLs in PDF format, with structured data eBLs based on the upcoming DCSA eBL standard being available soon.
The HMM digital services platform and CargoX platform integration will be available on 8 July 2024.
Recently, HMM and IKEA Supply Chain Operations agreed to deploy HMM’s ‘Green Sailing Service’.
