Electronic (Paperless) Trading－Enigio 4 April 2024 No.24-002 Tweet Download PDF (271KB) This circular informs Members of the approval by the International Group of P&I Clubs (the Group) of the trace:original system, provided by Enigio.   Members may recall, as reported in our circular  No.24-001 dated 2 April 2024, that, until February 2010, the Rules of all of the Group Clubs specifically excluded liabilities in respect of the carriage of cargo under all electronic, i.e. paperless trading, systems to the extent that the liabilities under such systems would not have arisen under a paper system i.e. one using transferable paper documentation.   Since 20 February 2010 liabilities arising in respect of the carriage of cargo under such paperless trading systems were covered, provided that the system had first been approved by the Group. Since then, the Group has approved electronic i.e. paperless systems administered by Bolero International Ltd, E-TITLE Authority Pte Ltd, Global Share S.A., WAVE, ICE Digital Trade Management Limited, CargoX, IQAX Limited, Secro Inc., TradeGo PTE. LTD, eTEU Technologies Ltd, BRITC ETRADE SOLUTION Co., Ltd, and now Enigio AB (trace:original™) has been added to the list of IG approved system providers.   Enigio’s trace:original™ solution allows for the creation and transfer of original electronic documents, including electronic bills of lading (“e-bills”). The trace:original™ solution is a patented cryptographic assurance solution, centrally governed by a hybrid distributed block chained ledger. Further details of the technology can be found on the company’s website . The trace:original™ solution is owned by Swedish company, Enigio AB.   The legal documentation associated with the use and operation of Enigio’s trace:original™ system is contained in the Enigio Standard Terms and Conditions, version 20240304 v 01 (‘the Terms and Conditions’). This documentation has been reviewed and approved by the Group.