essDOCS Industry Approvals
In order to provide industry-accepted solutions – particularly with regard to CargoDocs electronic Bills of Lading (eB/Ls) – it is critical to have approval from the relevant insurance groups, most notably:
- The International Group of P&I Clubs (IG), representing the 13 Protection and Indemnity (P&I) Clubs which insure 95% of the world’s ocean going fleet
- The TT Club, representing Freight Forwarders
- ITIC, representing Ship Agents and Independent Inspectors
Each of the above groups excludes from cover any liabilities costs or expenses which arise out of or in consequence of the member’s participation in or use of an eB/L system, unless such system has first been approved by the relevant organisation. An example of this is the International Group of P&I Clubs:
“In 2010, the IG agreed that liabilities arising in respect of the carriage of cargo under such systems will be covered from 20 February 2010 provided that the system has first been approved by the IG.” (P&I Club circulars 2010; emphasis added.)
As such, for an eB/L not to compromise a member’s insurance, the eB/L legal framework must first be ‘Approved’ by the IG, ITIC and/or TT Club, as relevant.
P&I Approvals via International Group
The P&I Clubs have confirmed that CargoDocs electronic Bills of Lading are covered under members’ P&I insurance. In Club Circulars, the 13 Clubs in the International Group advised all members that standard P&I risks associated with the carriage of cargo under a CargoDocs electronic Bill of Lading are within members’ standard terms of cover, provided they have signed the DSUA Users Agreement, be it version 2009.3 or the most recently approved version, 2013.1 (Version 2013.1 became effective as of 18 March 2013).
The IG decision came after an exhaustive review of the DSUA and the Group is satisfied that this legal framework provides the conditions for use of electronic documents.
The IG approved version of the DSUA forms the basis of any live-use of CargoDocs solutions. Current signatories of the DSUA include many of the world’s largest Trading Companies, Ship Owners, Banks, Ship Agents, and Independent Inspectors.
Relevant links to the latest P&I Club Circulars, outlining the approval framework for electronic Bills of Lading and related solutions, can be found below:
- American Club Circular (dated 8 Mar 2013, number 10/13)
- Britannia Circular (dated 28 Feb 2013)
- Gard Circular (dated Mar 2013, No. 1/2013)
- Japan (dated 26 Feb 2013, No. 12-028)
- London P&I Club Circular (dated 27 Feb 2013)
- North of England Circular (dated 9 Apr 2013, No. 2013/017)
- Shipowners Mutual Circular (dated Sep 2010)
- Skuld Circular (dated 26 Feb 2013)
- Standard Club Circular (dated 27 Feb 2013)
- Steamship Mutual Circular (dated Mar 2013)
- Swedish Club Circular (dated 26 Feb 2013, No. 2556/2013)
- UK Club Circular (dated 5 Mar 2013 number 6/13)
- West of England Circular (dated Mar 2013, No. 3 2013/2014)
Please note: under the terms of their cover, Members may be required to notify the Associations before using eB/Ls. It is therefore recommended that users check their Club rules to ensure that any formal requirements are satisfied prior to their first use of the solution.
In addition to the 13 IG Clubs, China P&I have also approved CargoDocs and members have been advised that standard P&I risks associated with the carriage of cargo under a CargoDocs electronic Bill of Lading are within members’ standard terms of cover.
ITIC is the leading provider of professional indemnity insurance to the marine sector. essDOCS first sought approval from ITIC (www.itic-insure.com) in 2006. ITIC approval was granted to essDOCS in 2007.
Globally, ITIC provides professional indemnity insurance for more than 500 Liner Agents and Port Agents, more than 350 Shipbroking companies, over 150 Ship Managers, leading Marine Surveyor companies and Shipping Pool Managers all over the world.
Contact email@example.com for more information & confirmation of ITIC approval.
TT Club Approvals
The Through Transport Mutual Service (TT Club – www.ttclub.com) specialises in the insurance of liabilities and equipment for multi-modal Operators, covering companies such as the world’s largest Shipping Lines, busiest Ports, biggest Freight Forwarders and cargo-handling Terminals.
essDOCS approached the TT Club when the company commenced work on CargoDocs eB/Ls for Liner. TT Club approval was granted to essDOCS in May 2012.
Click here for a copy of the 2012 TT Club letter confirming approval, in addition to the 2013 TT Club letter confirming approval extension.