On September 20, in the UK, the Electronic Trade Document Act 2023 has come into effect meaning that businesses relying on English law are now legally permitted to exchange bills of lading and other trade documents electronically.
In order to discuss the implications for the legal status of electronic Bills of Lading in particular and for the shipping sector in general, the Rotterdam Maritime Services Community (RMSC), the Royal Association of Netherlands Shipowners (KVNR), Shipbrokers Associations NZS and ICS and the Dutch Transport Law Association have (NVV) organized on 12 October 2023 a seminar on the topic where various experts have shared their thoughts about the implications for the shipping and trade industries.
We are grateful that NNPC and NNPC Correspondents had the opportunity to participate in this event by delivering a presentation on the risks involved in the use of electronic Bill of Lading, viewed from a P&I insurance perspective. Among other speakers, stakeholders from various sections of the maritime industry shared their views.
We were thrilled to see that the event attracted a lot of participants and we hope that our contribution assisted to provide further insight into the subject.
For more information you may contact us (firstname.lastname@example.org) or await further news on this website. We will soon publish a more detailed article here on the Electronic Trade Document Act 2023 and our views on the potential risks in the use of electronic Bills of Lading from a P&I insurance perspective.