Hapag-Lloyd taps IQAX eBL to advance digital transformation of bills of lading
IQAX eBL streamlines bill of lading processes, boosts visibility, and enhances security at no extra cost for Hapag-Lloyd customers.
Hapag-Lloyd has chosen to adopt IQAX's industry-leading IQAX eBL solution to strengthen customer service and accelerate its transition towards 100% adoption of eBLs by 2030.
"As challenges from complex, volatile supply chains continue to grow, Hapag-Lloyd recognizes the need for stronger digital tools to provide stability and transparency to our customers. By working with IQAX, we can offer another robust, paperless solution that maintains visibility and empowers decision-making," said
IQAX eBL leverages the Global Shipping Business Network (GSBN), a blockchain infrastructure that was specifically built to help digitize the shipping industry. The network allows only authorized parties to contribute and consume shipping data, ensuring traceability and security.
"More than 12,000 customers already trust IQAX eBL to manage their electronic bills of lading. IQAX eBL provides a fast and reliable system that will give Hapag-Lloyd's customers full control of their eBLs along with complete visibility of shipment and document milestones at no extra cost," said
IQAX eBL simplifies document transfers by seamlessly connect all parties involved in global shipping, reducing document transfer timeframes from weeks to just seconds while enhancing security. Providing wider benefits to users, nine different banks have already adopted IQAX eBL. These banks are Bank of China Limited,
IQAX eBL gives Hapag-Lloyd's customers a unified view of shipment milestones and document status through a single platform, a unique feature that strengthens collaboration by giving shippers, consignees and banks a shared view of the latest status of both containers and documents to aid with trade financing and titleship transfer decisions.
Both IQAX eBL's end users and Hapag-Lloyd's customers stand to benefit from the shipping line's decision to onboard the IQAX eBL solution, further accelerating the adoption of digitalised trade.
About IQAX
IQAX is a global information technology company that provides intelligent and digital transformation solutions using blockchain for enterprises in the logistics ecosystem. Backed by a strong heritage in container shipping, IQAX strives to foster a harmonized and connected global trade environment. As an industry leader, IQAX connects with shippers, freight forwarders, carriers, terminals, and financial institutions, and empowers them with digitized solutions to meet emerging business challenges throughout the supply chain.
IQAX is an independent technology company wholly owned by
About Hapag-Lloyd
With a fleet of 266 modern container ships and a total transport capacity of 2.0 million TEU, Hapag-Lloyd is one of the world's leading liner shipping companies. In the
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