Electronic (Paperless) Trading－BRITC eBL 2 April 2024 No.24-001 Tweet Download PDF (272KB) This circular informs Members of the approval by the International Group of P&I Clubs (the Group) of the BRITC eBL system, provided by BRITC ETRADE SOLUTION Co., Ltd.   Members may recall, as reported in our circular No.23-018 dated 20 December 2023, 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, and now BRITC ETRADE SOLUTION Co., Ltd (BRITC eBL) has been added to the list of IG approved system providers.   BRITC eBL is a blockchain-based digital platform which supports encrypted and instantaneous transfer of electronic records including electronic bills of lading (e-bills), and documentation. All participants of the platform are able to create, issue, endorse, pass on, modify, void, split, surrender, or convert to paper from electronic transport documents, including negotiable and non-negotiable e-bills. BRITC eBL is owned by BRITC ETRADE SOLUTION Co., Ltd a company incorporated in Hong Kong.   The legal documentation associated with the use and operation of the BRITC eBL platform is contained in:   the BRITC eBL Terms and Conditions, version 1.01, dated March 2024; and the Contract of Use, version 1.01,