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Hakovo claims a first with global electronic bill of lading backed by P&I clubs

Hakovo claims a first with global electronic bill of lading backed by P&I clubs

Singapore start-up Hakovo claims to be the first digital freight marketplace to offer an electronic bill of lading (e-bill) for containerised cargo.

The Hakovo Assured e-bill was developed in partnership with E-Title, one of only three e-bill systems worldwide recognised by the International Group of Protection and Indemnity (P&I) Clubs.

“Hakovo Assured eBL will not only provide higher levels of security and increase ease of trade; customers will also see immediate cost savings by eliminating courier service of paper documents across borders,” said Hakovo chief executive Takayuki Akahodani.

E-Title chief executive Dorothy Lim added: “The E-Title solution will run on distributed ledger technology (DLT), supporting peer-to-peer, secure and de-centralised title document transfer.