To successfully digitalise Bills of Lading, the three necessary foundations are law, standards and technology. Without their proper application, any eBL SaaS platform, notwithstanding the attractiveness of the business model, is unstable.
I remember reading a quote which has stuck in my mind ever since – “Sharing among an entire ecosystem of innovative partners is a crucial step for modernisation.”
Given the complexity of maritime transport, Annie Kovacevic sat down with Grant Hunter, director of standards, innovation, and research at BIMCO, to learn more about hot topics in the industry.
Incoterms® are the international terms which determine business-to-business practice in the transport and delivery of goods published by the International Chamber of Commerce (ICC). They set out the important fundamentals of the Incoterms® rules, and the contracts surrounding a typical contract of sale for export/import.