CMA CGM Joins Consortium To Advance Trade Digitalization Through Interoperable e-Bills

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Mfame Editor
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In a move aimed at accelerating the digital transformation of international container trade, the CMA CGM Group, a global leader in maritime, air, land, and logistics solutions, has signed a Memorandum of Understanding (MoU) with a consortium of partners to promote the interoperability of electronic bills of lading (eBLs).

Key Partners and Technology Platform

The collaboration brings together several leading digital trade solution providers:

  • CargoX

  • eTEU

  • ICE

  • SGTraDex

Together, the consortium will utilize TradeTrust, a blockchain-based framework developed by the Infocomm Media Development Authority (IMDA) of Singapore, which enables trusted and secure digital documents such as eBLs.

Objectives of the Collaboration

The MoU outlines a shared commitment to:

  • Drive seamless interoperability between different eBL platforms

  • Support the legal recognition and exchange of digital documents through the UNCITRAL Model Law on Electronic Transferable Records (MLETR)

  • Promote the digitalization of global trade documents for greater security, efficiency, and sustainability

Joint Working Group and Pilot Trials

A Joint Working Group will be formed, consisting of representatives from:

  • CMA CGM

  • IMDA

  • Consortium partners

The group will oversee multiple work streams and pilot trials, including:

  • Technical assessments of system integration

  • Legal feasibility studies under international electronic document laws

  • Business case evaluations to support long-term adoption

Leadership Endorsements

Bo Wegener, CEO of CMA CGM Asia Pacific, stated:

”CMA CGM is pleased to support this initiative reflecting our commitment to advance sustainable and secure digital trade. We look forward to contributing our expertise and the close collaboration with our partners to ensure the success of the trials.”

Johnson Poh, Assistant Chief Executive, IMDA, added:

“We are encouraged that CMA CGM and other leading players in this space have chosen to explore TradeTrust as their framework for seamless interoperability of electronic bills of lading at scale. We are committed to support this initiative through sharing our expertise and driving collaboration with the consortium.”

This collaboration marks a pivotal step in the global effort to modernize international trade documentation. By harnessing blockchain-enabled solutions and fostering ecosystem-wide cooperation, the CMA CGM-led initiative promises to unlock more secure, faster, and paperless trade flows, supporting the wider digital trade agenda and environmental sustainability goals.

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Source: Xinde Marine News