This circular informs Members of the approval by the International Group of P&I Clubs (the Group) of the Secro system
BIMCO has developed and published an eBL Standard for the bulk shipping sector to establish common industry standards for e-BLs
Circular 10/22: Electronic (Paperless) Trading - Update to TradeLens Terms and Conditions
This circular informs Members of the amendments to the TradeLens Rulebook and Service Description.
The Supreme Court has refused the disponent owners permission to appeal, and affirmed the decision of the Court of Appeal
The Club's guest authors, Jeremy M Joseph and Matthew Van Huizen of JOSEPH & PARTNERS, discuss the different limitation of liability regimes applicable to Peninsular Malaysia and to East Malaysia.
This circular informs Members of the approval by the International Group of P&I Clubs (the Group) of the IQAX eBL system.
Circular 05/22: Paperless Trading Electronic Trading Systems Update to E-TITLE – cancellation of R3 ownership
The agreement between R3 and E-TITLE has been dissolved, and the ownership of the system has reverted to E-Title Authority Ptd Ltd
Herculito Maritime Limited & others v Gunvor International BV & others (The "Polar") - Court of Appeal  EWCA Civ 1828
The Court of Appeal has held that in the absence of clear words to the contrary, the holders of bills of lading will not be excluded from their liability to contribute to general average, where the peril suffered is already insured by the shipowner.
QCR Autumn 2021: Noble Chartering Inc V Priminds Shipping (HK) Co Ltd (The "Tai Prize")  EWCA Civ 87 - Court of Appeal
Whether Master, presented by Shippers with clean BL to sign, was provided with warranty that cargo shipped in good order and condition - Consideration of Article III rules 3 and 5 of the Hague Rules.
There has been a change in ownership of the E-TITLE electronic trading system and its underlying legal framework to software technology firm, R3; There has been a change in trading name of the E-TITLE electronic trading system to Corda eBL; Members are invited to take note of how the Corda eBL software will operate.
The International Group has approved an updated version of essDOCS's electronic trading system.
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.
IG Letters of Indemnity
Members are often asked to accept letters of indemnity (LOIs) from their shippers or charterers in return for the delivery of cargo without presentation of original bills of lading, the delivery of cargo at a port other than that named in the bill of lading (or both) and in various other circumstances
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. Here in Part II, we take a look at the recent products and initiatives of Bolero and essDOCS, two of the first generation eBL providers. We also take a look at cyber risks again and at whether the paper BL, as a tool, is still fit for purpose in today's international trade.
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 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
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.