COSCO GROUP TO INTRODUCE ELECTRONIC BILLS OF LADING
The China Ocean Shipping Co. group has started a project to design and implement a system to be able to provide electronic bills of lading.
The COSCO group has appointed its affiliate Cosco Network & Information Science Co. Ltd. to conduct the first stage of the electronic bill of lading project.
Cosco Network & Information Science will design the general plan, develop the software and connection, install and maintain the network and hardware, and provide technical training and support, through cooperation with Bolero, other companies and banks, COSCO said.
Tests for electronic bills of lading are scheduled to be completed at the end of this year.
COSCO said that the electronic B/L will improve its service and accelerate the financial flows of customers.