TradeLens expansion to accelerate India’s “long overdue” digital transformation

Swift Cargo joins TradeLens

Swift Cargo, an India-based non-vessel owning common carrier (NVOCC), has joined TradeLens, the blockchain supply chain platform developed by A.P. Moller – Maersk (Maersk) and IBM as India’s “long overdue” digitisation gathers pace.

In a statement, TradeLens said Swift Cargo has joined specifically to use the electronic Bill of Lading (e-B/L), which was recently approved by the International Group of P&I Clubs.

The e-B/L is designed to improve supply chain operations by digitising critical documents and accelerating their transfer.

The company said with Swift Cargo using the TradeLens e-BL the Indian maritime industry is a step closer towards “its long-overdue” digital transformation.

Eliminating the risks and costs caused by lost or delayed documents have been a significant concern for the shipping, logistics and trade finance industries.

The COVID-19 pandemic has emphasised the need for digital documents in the supply chain. Remote working and restrictions have caused containers to be stuck at ports – this has been a particularly big problem in India.

With direct connectivity of all stakeholders within the TradeLens blockchain technology powered platform, total end-to-end visibility for Swift Cargo’s transportation documentation will now be available for their import and export cargo, sourced from a single platform.

Harish Pandeya, Managing Director Swift Cargo, said, “Innovation in the industry provides improved speed, transparency and efficiency for our international transportation documentation.

“This allows us to ultimately provide better service to our customers and at the same time capture improved efficiencies in our operations.

“Going beyond our objective of digitalization and providing timely and superior service levels to our clients, TradeLens will also help us reduce operational overheads and errors by enabling automation of significant parts of the documentation process.”

Bimal Kanal, head of TradeLens in South Asia, also commented, ” We are excited to see Swift Cargo join us on our mission to digitize the bill of lading process across all types of BLs.

“By eliminating the risk of lost documents, forgeries, delays and charges by using a blockchain enabled TradeLens eBL, we are confident Swift Cargo will not only improve their service offering to their customers but reduce the cost and time of printing and couriering documents to share with their supply chain partners.”

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.