CargoDocs™

CargoDocs for Liner provides a simple, web-based solution enabling users to replace paper documentation relating to shipping cargo in containers with original, negotiable electronic documents. Specifically, the service enables the electronic creation, signing, issuing and filing of bills of lading and peripheral documents.

Features

The CargoDocs for Liner module allows Banks to:

• Receive original electronic documents presented under an eUCP Letter of Credit
• Accept or Reject presented documents
• Forward presented eDocs to the issuing bank or the buyer as relevant 
• Stored securely online for 12 years

Benefits

CargoDocs provides many significant benefits including:

• Increased letter of credit revenue through faster turnover of trade documents
• Option to automate letter of credit reconciliation process
• Simplified inter-bank processing – eDocs are accessible to branch and head office for simultaneous processing
• Standardised best practice for document handling
• Elimination of paper printing and courier costs
• Reduced bill of lading risk because electronic bills of lading cannot be copied, forged or lost: only one electronic bill of lading is issued which resides on the ESS-Databridge with access only to authorized parties
• Works harmoniously with both centralised and local back office structures
• Automatic offsite automatic archiving