Ocean Network Express issues its first electronic bill of lading and selects essDOCS to power its global bill of lading digitization initiative
Singapore & Malta – 02 April 2020: Ocean Network Express (ONE), the world’s sixth largest container line by TEU capacity, and essDOCS, the leading enabler of paperless trade, announced today that ONE recently handled its first ever electronic, negotiable Bill of Lading (eB/L) via essDOCS’ paperless document solution, CargoDocs.
ONE has also selected essDOCS to power its upcoming Bill of Lading digitization initiative, commencing work which will use the capabilities of CargoDocs to share, review and approve draft bills of lading and sea waybills (whether paper or electronic) online for all ONE customers globally.
ONE went live using a CargoDocs electronic bill of lading for a shipment of containerized synthetic rubber from Russia to China. The transaction involved SIBUR International GmbH as the shipper and SIBUR International Trading (Shanghai) as the end receiver, with Novo Orient Agency acting as port of load agent in Russia, SIPG Logistics as SIBUR’s agent at the discharge port in China and UNISCO as ONE’s husbanding agent.
In the next phase of the project, ONE will allow customers to use electronic bills of lading on a regional and subsequently global basis commencing in Q2 2020, as part of ‘ONE eCommerce’ initiatives aimed at delivering an improved, digital customer experience.
In addition, ONE and essDOCS have commenced work on a project to digitize the container line’s draft B/L review, edit and/or approval process, by utilizing CargoDocs’ globally available collaborative drafting capability. The project will provide seamless data flow between CargoDocs and ONE’s customer facing eCommerce portal plus internal TMS forms, powering a global solution that will eliminate data re-entry, reduce errors in bills of lading and sea waybills and slash transport document issuance turnaround time. The combined solution will enable all ONE customers globally to either print internet B/Ls or receive original electronic eB/Ls from ONE eCommerce in a single platform.
Richard Hiller, Global Head of Sales, Customer Service and Documentation for Ocean Network Express (ONE), remarked: “Accelerating ONE’s digitization effort is the key to actively addressing our customers’ pain points such as waiting times for Bill of Lading issuance. essDOCS has a long history and proven track record of digitizing paper processes and connecting supply chain participants, while also navigating the realities of a fragmented, complex trade industry. Our collaboration will enable ONE to provide our customers with improved levels of service through digitization.”
Alexander Goulandris, co-CEO essDOCS, added: “We are delighted to work with ONE on digitizing their transport document processes. Since commencing operations in 2018, ONE has focused on delivering superior customer service, and today that requires a digital-first approach. essDOCS is proud to enable a key part of the ONE eCommerce digital solution set.”
About Ocean Network Express (ONE)
Ocean Network Express (ONE) was established on July 7, 2017 by the integration of 'K' Line, MOL and NYK. Regional headquarters have been established in Hong Kong, Singapore, UK, USA and Brazil and services commenced in April 2018.
In April 2017, 'K' Line, MOL and NYK, started services as "THE Alliance" with other major shipping companies. Ocean Network Express will continue to provide services as an alliance member. In addition to this alliance, we are continuing to further strengthen our services to Asia, Latin America and Africa regions. We will further expand the number of ports in the future to Asia, North America, Europe, the Mediterranean Sea, the Middle East, and expand our direct services to perform a wider service coverage.
As a result of the integration, our fleet size will be 1,590,000 TEU which is the 6th largest in the world (as of January 2020). Operations will be performed through a fleet of 224 vessels, including 31 super-large ships, such as world largest 20,000TEU container ships, in a service network covering over 120 countries around the world.
essDOCS enables paperless trade. Its solutions digitize and automate paper-heavy processes, including: online creation/approval/management of all export documents (CargoDocs DocHub), data extraction and structure from paper documents and back-office automated checks (CargoDocs Auto-Document Processing), end-to-end eDocs management for original electronic trade documents such as Bills of Lading and Warehouse Warrants (CargoDocs DocEx), application/issuance of electronic Certificates of Origin (essCert) and fully digital documentary trade finance or supply chain finance under URBPO (Cmatch).
Over 47,000 companies, ranging from 31% of the Fortune Global 100 to innovative SMEs, use essDOCS solutions across 203 countries.