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TradeLens issues first electronic bill of lading in UAE

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Logistics Update Africa News
TradeLens issues first electronic bill of lading in UAE

 Safeline Freight and Fortuna DMCC became early adopters of the TradeLens electronic bill of lading (eBL) in the UAE, thereby accessing digital issuance, transfer, and surrender of original bills of lading using blockchain technology. "Combined, the two companies move more than 7,500 containers annually in and out of the UAE," according to a statement from Maersk.

TradeLens is a carrier-neutral, blockchain-enabled digital supply chain platform jointly developed by Maersk and IBM. "The solutions offered by TradeLens are accelerating the digitisation agenda of the supply chain industry around the world by transforming manual, paper-based and time-consuming administrative processes into digital ones. TradeLens allows an original bill of lading to be digitally issued directly from a carrier and moved electronically through its journey with all the stakeholders. This reduces the hassles of sending physical papers from one stakeholder to the other through a courier process, eliminates the costly possibility of documents getting lost or forged, and removes inefficiencies from manual processes."


Ahmed Beyi, CEO, Safeline Freight, says: "I was amazed at how easy and fast I can control all my bills of ladings through the TradeLens eBL. Since this is a cloud-based solution, all my consignments and documents are available to my team and me on any device anywhere in the world. With the eBL now being accepted by major ocean carriers, ports, customs and a list that keeps growing, life has become easier for freight forwarders and our customers."


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