There’s much excitement about the International Federation of Freight Forwarders’ digital bill (FBL) of lading, and so there should be as there are many attractions to the FBL.
According to Shepstone & Wylie Attorneys, these are: it is on internationally accepted terms of carriage, and it’s approved by the International Chamber of Commerce and aligned to UNCTAD/ICC Rules for Multimodal Transport.
Moreover, the FBL allows for the multimodal transportation of goods, as well as the provision of digitalisation and tracking options that require secure access and so are designed to avoid fraudulent manipulation.
However, understanding that the forwarder is not the actual carrier, is one aspect of the multi-faceted FBL.
The firm’s Pauline Kumlehn and Quintus van der Merwe have delved into the ins and outs of the FBL.
See what they say: Risks associated with a House Bill of Lading | Freight News
