HMM, CargoX to introduce integrated solution for eBL service
Integration to streamline eBL workflows, enhancing efficiency & security of trade documentation
HMM, Korea's largest and the world's eighth-largest container carrier, announced a partnership with CargoX, a leading provider of electronic trade document solutions.
The collaboration introduces electronic bill of lading (eBL) features on the HMM digital service platform, says an official release. Through this partnership, HMM customers will benefit from the advanced functionalities of the CargoX platform, which will be integrated into HMM’s digital services. The integration aims to modernise and streamline eBL workflows, enhancing the efficiency and security of global trade documentation.
“We are delighted to announce the launch of our electronic bill of lading service in partnership with CargoX, a leading provider of electronic document solutions," says Kurt (Wonjun) Jang, SVP, Container Operation Office, HMM. "This new eBL capability will enable us to deliver an enhanced service to our customers and spearhead the digitalisation of the shipping industry."
Bojan Čekrlić, CEO, CargoX adds: “We are thrilled to partner with HMM, a global shipping leader. This collaboration advances global trade by implementing efficient, fast, and secure electronic bills of lading. As the logistics industry digitises, we are proud to support HMM in leading this transformation."
Customers using HMM services can now generate eBLs within the HMM digital service system and seamlessly transfer them through the global CargoX Platform, the release added. The eBL document lifecycle includes features such as transfer, surrender and document acceptance, ensuring comprehensive support for all equivalent paper-based functions. Each eBL is recorded on the public ledger, guaranteeing secure and immutable documentation, with audit logs accessible at all times. Initially, the service supports electronic bills of lading in PDF format with structured data eBLs based on the forthcoming DCSA eBL standard to be available soon.
The HMM digital services platform and CargoX Platform integration will be available to all HMM customers globally from July 8, 2024.
