This circular informs Members of the approval by the International Group of P&I Clubs (the Group) of the TradeLens eBL system.
On 1 February 2021, the Singapore parliament passed the Electronic Transactions (Amendment) Bill2 which adopts the UNICTRAL Model Law on Electronic Transferable Records ("Model Law"), with certain modifications.
In Part I of this article, the authors introduced the three new eBL providers whose blockchain based systems were recently approved by the International Group (IG), and provided an overview on how their systems work
Three years ago, the UK P&I Club issued a Legal Briefing[1] on Electronic Bills of Lading (eBLs) in which we tried to de-mystify the concept of the eBL, by providing an insight into how the systems of the three eBL providers approved by the International Group of P&I Clubs (the "IG") at the time, namely Bolero, essDOCS and e-Title™, work. We explained the legal principles relied upon by these providers to enable their eBLs to replicate the essential functions of a paper BL. We also tried to put cyber risks in context by explaining that these risks are risks associated with the general use of computers in our businesses, and are not risks specific to the use of eBLs.
The digital revolution gathers momentum, and almost every day there are new technological developments. This briefing looks at one of these developments; blockchain contracts, also known as 'smart contracts', the benefits as well as the legal issues that may arise under these contracts.
Legal Briefing: Electronic Bills of Lading
30/05/2017
We have recently seen many of our Members switching to electronic bills of lading ("eBLs") on some of their trades. The move towards a paperless trade is therefore gaining momentum. The Club is, however, still receiving many questions about eBLs and about the three eBL systems approved by the International Group of P&I Clubs, namely Bolero, essDOCS and e-titleTM. This Legal Briefing provides brief explanations on these three systems and how each of them works.
QLU Spring 2017:The risks of delivering cargo against Letters of Indemnity.
QCR Spring 2017: This case and the next serve as reminders to Members of the risks of delivering cargo against Letters of Indemnity.
Electronic Bills of Lading: FAQ'S
06/11/2015
These FAQs should be read in conjunction with Circular 12/15. They respond to queries received by the Club regarding the use of paperless trading systems and electronic bills of lading, and any potential consequences for P&I cover.
In many cases complications in cargo claims arise where there are disputes about which law and jurisdiction governs the contract of carriage
A number of Members have contacted the Club with queries regarding the use of electronic bills of lading and any potential consequences for P&I cover