Trade Finance Forum › Forums › Trade Finance › Basics › How is the shipping process made better by the electronic Bill of Lading? › Reply To: How is the shipping process made better by the electronic Bill of Lading?
The electronic B/L does the same things, but it also makes information faster, more secure, and more accurate.
In the past, important information was sent from the shippers to the consignees in a different country by sending a physical Bill of Lading. Using an eB/L, the information on the Bill of Lading can be sent almost instantly to other people in the supply chain. The administrative and operational costs of all parties involved will go down if they switch from a completely manual, paper-based process to one that uses an electronic interface to capture the information and send it instantly to the right people. In the end, these time and cost savings will reduce the cost of products and shipping, which will reduce the cost for end consumers.