Advantages and disadvantages of Seadocs and Bolero systems in electronic transfer bill of lading

Tusevska, Borka (2014) Advantages and disadvantages of Seadocs and Bolero systems in electronic transfer bill of lading. Втора меѓународна научна конференција Зборник на трудови „Влијанието на научно – технолошкиот развиток во областа на правото, економијата, културата, образованието и безбедноста во Република Македонија“, 1 (2). pp. 218-228. ISSN 978-608-4714-11-8

Advantages and disadvantages of Seadcos and Bolero systems in electronic transfer of bill of lading.pdf

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In the era of electronic revolution, the tendency of full implementation of electronic communication in the field of shipping and transport sector (logistic sector), is a fact that not surprise us at all. Process of replacing hard copy communication with electronic shipping communication has undergone a great expansion. The use of EDI systems in all industrial branches, including transport and shipping industry, create great innovations, and are treated as a major benefit for the international mass and fast transfer of goods. Digitalization in the field of trade, transport and logistic operator’s contributes to reducing paper costs, reducing timeline for transport route, and simplification of analysis and storage of transport and trade documents. Despite these efficiencies and convenience, until recently, electronic documentation in the field of transport was not covered by an international convention. Today, this subject has been covered by many international regulations, but business practice still shows doubt regarding the reliability of electronic transfer of property of the goods. This is especially case when it comes to the negotiable bill of lading as a document of title in the sea transport. Based on the concept of transfer bill of lading, three systems are created and: SeaDocs Registry Limited (SeaDocs), Bolero - Bill of Lading Electronic Registry Organisation, Global trade system TM. The purpose of this article is to analyze and elaborate each of these systems individually, and to identify their strengths and weaknesses. Throught study of these systems, the author’s goal is to prove the justification of bill of lading as electronic transport document in which property rights on the goods are incorporate. More accurately, is there a place for full implementation of electronic bill of lading in the area of maritime transport (hereafter E/B/L). What is the degree of the risk from using E/B/L whit respect to ownership of the goods?! Finally, which of the existing systems of electronic transport can be trusted the most?!

Item Type: Article
Uncontrolled Keywords: bill of lading, letter of credit, transport, freight forwarding, shipping.
Subjects: Social Sciences > Law
Divisions: Faculty of Law
Depositing User: Borka Tusevska
Date Deposited: 15 Dec 2014 10:32
Last Modified: 15 Dec 2014 10:32

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