Swift Cargo joins TradeLens, aiming to reduce paperwork delays

Swift Cargo, one of India’s leading non-vessel owning common carriers (NVOCCs), has joined the TradeLens blockchain-based platform to use its electronic bill of lading (eBL) product, hoping to eliminate delays related to documentation.

The TradeLens eBL, recently approved by the International Group of P&I Clubs (IGP&I), will digitise bills of lading, along with other critical transportation documents, on the blockchain in an effort to vastly increase speed of original bill of lading issuance, transfer and surrender.

While the process was traditionally manual and time-consuming, it is hoped that the digital system will allow it to occur accurately and securely in minutes.