Lloyd's Shipping & Trade Law
BIMCO's "25 by 25" campaign: propelling faster adoption of electronic bills of lading
The digital revolution is reshaping industries worldwide, and the global shipping sector, perhaps notorious for its reliance on traditional paper-based methods, is at a pivotal junction. BIMCO is helping to drive forward this transformation with its "25 by 25" campaign. This initiative targets a significant shift from the standard paper-based bills of lading to electronic bills of lading (eBL) for bulk shippers willing to pledge to carry at least 25 per cent of their annual trade volume on eBLs by 2025, marking a significant commitment to modernisation and environmental sustainability within the industry.
The current state of affairs