BIMCO has launched a campaign to accelerate the update of electronic bills of lading. Paper bills of lading are inefficient and slow down trade. They are vulnerable to fraud and human error. Their use results in unnecessary legal and commercial risks such as relying on letters of indemnity or getting lost in transit. A number of companies have signed the 25 by 25 Pledge and will target moving at least 25% of their annual seaborne trade volume for at least one commodity to eBLs by 2025.
