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MSC introduces new electronic bill of lading (EBL)
MSC has launched a new digital solution for processing the Bill of Lading (BL) online. Offered via an independent blockchain platform called Wave BL, this user-friendly solution ensures that all the parties involved in a cargo shipment booking can issue, transfer, endorse and manage the bill of lading electronically through a secure, decentralised network.
Simply transfer the eBL with one click
MSC has chosen WAVE BL because it is the only solution that mirrors the traditional paper-based process that the shipping and cargo transportation industry is used to.
With the MSC eBL there is no more paperwork, postage costs, delays, or disruption: business partners can simply transfer the document in one click. All this, without any change or disruption to day-to-day business operations.
Here are some key benefits of the eBL at a glance:
- Safer: no risk of document loss, forgery, or fraud
- Faster: the document is transferred in moments, instead of weeks
- Greener: paperless process, reduced carbon footprint
- Simpler: easy-to-use platform, accessible from any device and available 24/7
- Cost-efficient: no courier fees and reduced bank fees
In times of disruptions such as the global COVID-19 pandemic, the paperless solution also conveniently enables to overcome border restrictions, challenges with postal disruptions or other pandemic-related uncertainties. By dematerialising the BL employees can work remotely safely and without leaving home.