Emergency Contact IG Circular - Electronic (paperless) trading – WAVE bl- update to WAVE bl network bylaws to version 2.0 Home Latest updates News IG Circular - Electronic (paperless) trading – WAVE bl- update to WAVE bl network bylaws to version 2.0 3 Nov 2023 Download View PDF Sign up for alerts Members are referred back to the Circular dated 24 December 2019 confirming approval of WAVE’s electronic trading system. The International Group (IG) had previously approved WAVE. The legal documentation and terms of use associated with WAVE are held in the Wave Application and Network Bylaws, version 1 dated 20 December 2019 (‘Wave Bylaws version 1’). This version continues to be approved.  This Notice confirms approval by the IG of an updated version of the Wave Bylaws. This version is called Wave BL Network Bylaws dated November 1 2023 (‘Wave Bylaws version 2.0’) and supersedes Wave Bylaws version 1 which remains approved for the purposes of Club cover. WAVE BL Bylaws 2.0 shall come into force on 1 of December 2023. Members are asked to note the following: The changes within Wave Bylaws version 2.0 include a number of amendments which have been introduced as drafting improvements.  The below summarises some of the key changes, but is not an exhaustive list of amendments: There is a new definitions section at the beginning, which has meant numerous sections later in the document being deleted where definitions are now at the beginning. There have been various drafting changes to the reduce the overall length of the Bylaws and simplify / clarify the original clauses. New terms have been added, and related definitions and clauses, which will allow the system to be more accessible to a broader range of parties at different stages of the electronic bill of lading, including freight forwarders, NVOCCs and agents.  Warranties of authority have been provided for, particularly in relation to 3) above. Changes to the clauses that imitate COGSA 92, to bring the Byl