COSCO Shipping Captive Insurance, a prominent Chinese shipping insurance company, has entered into a strategic partnership with IQAX Limited to enhance the adoption of electronic bills of lading (eBL) in the shipping industry.Key Collaboration Details
This collaboration involves a four-party agreement between IQAX, COSCO Shipping Captive Insurance, COSCO Shipping Lines, and the Global Shipping Business Network (GSBN). The partnership aims to provide consumers with seamless access to the IQAX eBL system and technical support, enabling the transfer of both electronic insurance policies and eBL simultaneously.
A milestone in Digital Transformation
The successful execution of a one-click title transfer by a COSCO customer on December 14 marked a significant milestone in China’s shipping and digital transformation. This collaboration positions the IQAX eBL system as a catalyst for the digital shipping economy, fostering strategic emerging industries and expanding the network of IQAX eBL users.
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Source: Ship Technology
