Enigio’s trace:original is self-certified as an adopter of the Digital Container Shipping Association’s (DCSA) standard for e-bill of lading. Standards and interoperability are key factors to achieve efficient trade processes, as there are several parties involved in export or import transactions. Enigio welcomes standards and are pleased to confirm that it has self-certified its solution trace:original as an adopter of DCSA’s standard for electronic bills of lading.
Enigio’s trace:original is able to digitise any trade document, including negotiable instruments like bills of lading. It is designed to comply with current legislation and is fully aligned with UNCITRAL’s Model Law on Electronic Transferable Records (MLETR) and it provides a fully digital workflow that is faster, safer more cost-efficient and sustainable than paper. trace:original bills of lading can be sent, received, and managed by everyone in the trade process, from large exporters to freight forwarders and local agents in emerging markets. It is only the one creating a digital original document that needs to be a customer of Enigio. Once a document has been created it is free to use and manage for anyone the same way as a paper document. The only requirement is a computer and internet access. trace:original does not require sensitive, commercial data to be stored in a central platform, which is a concern raised by many parties in the trade chain.
Digital Container Shipping Association is a non-profit, independent organisation established in 2019 by several of the largest container shipping companies. DCSA’s mission is to be the de facto standards body for the industry, setting the technological foundation for interoperable IT solutions. Together with its member carriers, DCSA creates vendor-neutral, technology-agnostic, standards for IT and non-competitive business practices. By working towards the widespread adoption of these standards, the aim is to move the industry forward in terms of customer experience, efficiency, collaboration, innovation and respect for the environment.
“All parties in trade will benefit from standards
and at Enigio we are currently working with several corporates, banks and freight forwarders in order to digitise export and import documents. The standards developed by DCSA is an important cornerstone in making trade transactions more efficient and inclusive for all parties”, says Ulf Eggefors, Enigio’s Head of Sales Transport & Logistics.
Links to interesting reading:
Use case trace:oiriginal bill of lading
Article in Trade Finance Global Talks Digitising trade: the solution is in plain sight