NYK Line issued the electronic document for a shipment from Singapore to China on the M/V Vancouver Bridge.
The eB/L was issued on February 7th to Elite International Logistics Singapore (the forwarder working on behalf of the customer), which in turn added the necessary supporting eDocs and presented the set of electronic documents (eSet) to the American trade finance bank.
After completing its review of the eSet, the American bank presented the eSet to the issuing bank, China CITIC Bank. Following that transaction, China CITIC Bank accepted the eSet under the terms of the eUCP letter of credit and in turn sent the original eDocs to Wuhan XinLianChuang Plastics.
Wuhan XinLianChuang then surrendered the eB/L to NYK and received the cargo at Shanghai port.
The eB/L was created from XML data pushed by NYK Line into the essDOCS eB/L solution using a standard message, resulting in an eB/L comprised purely of data based on NYK Line’s standard B/L template.
essDOCS says that all documents involved in this transaction were managed electronically, therefore handled as eDocs only. Electronic documents used in addition to electronic bill of lading included: Notice of Completeness; Insurance Certificate; Commercial Invoice; Packing List; LC Negotiation Form; Covering Letter.
essDOCS says that a number of other container lines, which completed testing last year, are planning to transition to operational use of eB/L in coffee and metals trades later this quarter.
"The use of our existing XML files and data structure meant we could populate the electronic NYK Bill of Lading draft quickly, and send it with one click to Elite to verify,” said Lincoln Leung, Global & AOC BPM of NYK Line.
“Once Elite confirmed the eB/L draft, our Export Documentation Team in Singapore signed and issued the eB/L upon vessel departure. Overall we were not asked to change our process much, which is a good thing."