IQAX eBL empowers the industry to create opportunities with trade finance, strengthens risk management and improves cost-effectiveness as well as enhancing overall customer experience. This ensures the authenticity of the bill of lading and ensures data privacy and security.

IQAX eBL is the first electronic bill of lading solution built on GSBN's blockchain network. (Further details can be found on the company's website at. IQAX eBL enables the issuance, transfer, surrender and visibility of original bill of lading and provides access to real time trade status of electronic bill of lading and cargo transportation. The IQAX eBL runs on GSBN's blockchain technology platform, which renders ease of adoption and sets it apart from legacy systems. It allows all parties involved in a shipment to manage their bills of lading entirely online, streamlining operations, cutting costs and increasing efficiency. The IQAX eBL provides a single source of truth for document authenticity, security and traceability. The innovative IQAX eBL offers cargo owners, cargo forwarders, ocean carriers, finance providers and other trade participants a paperless solution to manage original bill of lading digitally with one-click title transfers, surrender for delivery, status updates and history reviews. The addition of IQAX Limited to the list of approved solution providers is a significant milestone as IQAX joins an exclusive list of electronic bill of lading solutions.Īs the latest addition to the list of approved electronic bill of lading solution providers, IQAX leverages GSBN's independent blockchain technology platform to bring an enhanced level of security, assurance and transparency to IQAX eBL users. In the 12 years since this date, only 7 other solutions have been approved by the IGP&I for use by its members.

However, since 20 February 2010 liabilities arising in respect of the carriage of cargo under such paperless trading systems were covered, provided that the system had first been approved by the Group. Prior to February 2010, the rules of all Clubs of the IGP&I preferred paper documentation and excluded liabilities for cargo carried under electronic documentation. HONG KONG, J/PRNewswire/ - As a leading innovator of digital solutions for the logistics industry, IQAX Limited has launched IQAX eBL, a blockchain-based, contactless document management digital solution. IQAX is proud to announce COSCO SHIPPING Lines and Orient Overseas Container Line ('OOCL') as early adopters of IQAX eBL, which has been given the seal of approval by the International Group of Protection & Indemnity Clubs ('IGP&I').

Cosco tracking by bill of lading