An alliance of industry associations, including BIMCO, DCSA, FIATA, ICC, and Swift, has launched the “Declaration of the Electronic Bill of Lading” (eBL) to support the digitalization of international trade. Major carriers like Maersk and MSC committed to eBL adoption earlier, and now shippers will join through the FIT Alliance. The eBL aims to streamline global trade, and if widely adopted, could unlock billions in trade growth while reducing carbon emissions. The goal is to have 100% of bills of lading handled electronically by 2030, despite challenges like interoperability between eBL vendors.
