Nine top global carriers belonging to the Digital Container Shipping Association(DCSA) have committed to 100% adoption of an electronic bill of lading (eBL) based on DCSA standards by 2030 in a significant digital step forward for the industry.
Switching away from the transfer of physical paper bills of lading could save $6.5bn in direct costs for stakeholders according to DCSA estimates, and enable $30bn to $40bn in annual global trade growth.
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Reference: Sam Chambers, "Top carriers vow to make all bills of lading electronic by 2030", Splash 247.com, Feb 16th, 2023