2024 TradeGo Agreement: Streamlining Electronic Bill Of Lading Transfers

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TradeGo User Agreement

The newly approved version, known as the TradeGo User Agreement (2024.06.12) or ‘the Second User Agreement’, introduces significant changes. Most notably, it includes provisions for interoperability of electronic bills of lading (eBLs).

Under the Second User Agreement, users are permitted to request interoperability, and TradeGo intends to negotiate platform-to-platform agreements with third-party providers to facilitate this process. However, interoperability is only extended to electronic bills of lading recognized under applicable laws as equivalent to traditional paper bills of lading (MLETR e-bills).

General Exclusions of Cover

The notice also clarifies that the general exclusions of cover under Group Club Rules relating to the carriage of cargo will continue to apply. These exclusions apply uniformly to both electronic and paper systems and include scenarios such as discharge at a port or place other than that agreed upon in the contract of carriage, issuing ante or post-dated electronic documents, and delivering cargo without the required negotiable electronic document.

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Source: Safety4Sea