What is the Electronic Bill of Landing?

What Is An Electronic BOL And Its Benefits?

There is no doubt that digitalization has taken the world by storm, and virtually every aspect of our lives is impacted by it in both good and bad ways. However, when we talk about the Bill of Landing, which is used for centuries to verify the legality of shipments, then digitizing, it has a lot of benefits. Let’s see what Electronic Bill of Landing is and how using it can benefit shipping companies as well as their customers.

What is the Electronic Bill of Landing?

The Electronic Bill or E-B/L is the legal equivalent of a paper-based bill of landing but in a digital form. It must need to digitize the main functions associated with a paper bill of landing, such as its acceptance as an invoice, as evidence of the contract of carrying shipment, and as the document of title.

The Paper bill of landing has been around for centuries. However, it has some faults where the cost of producing paper being one of them. So to eliminate the faults of the paper version and leverage the benefits of the digital world, electronic BOL was introduced, which basically does the same thing but in a speedy manner and without costing anything.

Some Benefits of Using Electronic BOL in Car Shipping:

No Messy Handwriting:

You think only doctors are the ones with messy handwriting? Well, try to read some bills of landing and try to make sense of what it says. Granted, not all of them have messy writing, but most of them do. This is because the person writing them has piles of bills to take care of, which means he/she needs to work in a speedy manner, and this can leave some crucial elements like the items in shipment unreadable for many.

If something like this happens, there can be further problems, especially for the consignee. Digitizing everything means no more messy writing as everything will be typed on a computer, which will eliminate the guesswork.

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