The leading innovator of digital solutions in the supply chain industry and Yi Fu have launched an electronic bill of lading solution: IQAX eBL-a contactless digital trade document management solution using block chain technology.
IQAX eBL has been approved and recognized by IGP & I.
Before February 2010, all associations under the International P & I Group stipulated that paper bills should be adopted as a priority and would not undertake liability insurance for the carriage of goods using the electronic trade document system. From 20 February 2010, P & I International agreed to fully cover the liability for the carriage of goods arising from the use of electronic paperless trade, provided that the electronic system is first approved and recognized by the group. In these 12 years, IQAX eBL, as the 8th program to obtain this qualification, is an important milestone.
Hefu is honored to be a new member of the International P & I Group's approved electronic bill of lading solution provider, and to use the Global Shipping Business Network (GSSN) independent block chain platform for IQAX eBL users to create higher security, security and transparency.
IQAX eBL provides paperless solutions for cargo owners, freight forwarders, sea carriers, financial suppliers and other trade participants. It digitally manages bills of lading through one-click circulation, delivery, inquiry of bill of lading status and review of historical records.
IQAX eBL based on the block chain platform is different from other existing old systems and provides a single source for the authenticity, security and traceability of documents. It allows all relevant parties involved in transportation to manage the bill of lading completely online, realizing the issuance, circulation, delivery and visibility of the bill of lading. Users can also view the real-time status of trade and cargo transportation, simplifying operations, reducing costs and improving efficiency. (For more information, please visit https://www.iqax.com.cn/zh-hans/solutions/ebl/ .)
IQAX eBL is the first electronic bill of lading system using GSBN block chain network. It not only ensures the authenticity of bill of lading documents and the privacy and security of data, but also helps the industry to create new business opportunities in the field of trade financing, enhance the resilience of financial risks, improve cost-effectiveness, and enhance the overall customer experience.
Hefu CEO Huang Xinhe said, "IQAX eBL provides a secure and credible digital environment with the GSBN blockchain technology platform to further promote the digitization of shipping documents. At the same time, with data privacy and security in depth, it promotes the connectivity of global shipping business networks and financial institutions, greatly improving overall operational efficiency and bringing transformative positive impact to carriers and the entire shipping ecology."
Even during the new crown outbreak faced serious challenges, COSCO Shipping Container Lines Limited and Orient Overseas Container Lines Limited continued to successfully interact with key customers to verify and eBL processes.
Deng Xiaobin, general manager of the global sales department of COSCO Shipping Container Transportation Co., Ltd., said: "Our customers have efficiently completed the online circulation of bills of lading worldwide through IQAX eBL, realized the digital management of bills of lading, and successfully provided contactless bill of lading service. The whole process of visibility, successfully tracking logistics details, bill of lading flow records, bank processing, to achieve three-stream integration. This is particularly critical in the era of epidemics. The IQAX eBL program can promote the seamless connection of the entire shipping ecosystem and promote the efficient operation of global trade."
OOCL Container Shipping Co., Ltd. Airline Trade Director Xu Weiguo said: "With the adoption of IQAX eBL, we have received positive feedback from our customers. Electronic bills of lading have significantly improved our customers in terms of cost and operational efficiency. We look forward to continuing to work with Yifu to allow more customers to enjoy the convenience and safety of paperless bills of lading and jointly promote the industry's development towards paperless."
bills of lading are crucial to the effective operation of the global trading system. Traditional paper bills of lading are cumbersome to operate. We look forward to IQAX eBL to bring significant sustainable benefits to users and the entire industry.
About and Yi Fu
and Yifu is an international information technology company, based on blockchain, Internet of Things, big data and artificial intelligence to build a strong digital foundation, to develop intelligent solutions to promote the development of the industry, promote access to massive amounts of data, and immediately respond to supply chain outages. Our digital solutions serve shippers, freight forwarders, carriers, terminals and financial institutions to help them meet the ever-changing business challenges from all aspects of the supply chain.
and Yifu are subsidiaries of Orient Overseas (International) Limited (HKEx: 0316). Orient Overseas International is one of the world's largest integrated international transportation and logistics companies. As an independent information technology company, Hefu has also inherited the profound details of the global shipping industry.
Source: Shipping Network