Ocean Network Express (ONE) has announced plans to expand its use of electronic Bills of Lading (eB/L) in conjunction with technology provider WAVE BL, which has already worked with container lines including MSC and Hapag-Lloyd on similar projects.
After successfully completing an initial pilot rollout, ONE says it will begin to extend the WAVE BL offering to more customers and business partners, using the blockchain-backed digital shipping platform to provide an electronic alternative to traditional print documents.
WAVE BL will provide an end-to-end cryptographic endorsement and surrender system for issuance of eB/Ls in real-time and offer onboarding support for ONE partners integrating onto the platform.
By digitising title transfers, the container carrier aims to shorten document issuance times and transfer processes, strengthening its overall e-commerce services and reducing administrative costs for its customers.
“As part of our digitalisation journey, we have been focusing on our integration capability to strive for new digital offerings to our customers and partners,” said Sundeep Sibal, Global Head of Commercial & Service Management at Ocean Network Express.
“We started to offer the eB/L services via WAVE BL as a strategic partner to expedite core steps of the supply chain and save time and cost for our customers. With a robust solution and an increasing network, we aim to enhance our customer experience through rapid and paperless transfer.”
