Electronic (Paperless) Trading－Secro Inc. (Secro) 14 November 2022 No.22-015 Tweet Download PDF (273KB) This circular informs Members of the approval by the International Group of P&I Clubs (the Group) of the Secro system.   Members may recall, as reported in our circular No.22-004 dated 10 June 2022, 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 EssDOCS, by Bolero International Ltd (more specifically the Rulebook/Operating procedures September 1999), E-TITLE, edoxOnline, WAVE, CargoX, TradeLens (TradeLens eBL), IQAX Limited and now Secro has been added to the list of IG approved system providers.   Secro is a software-as-a-service platform enabling real-time, secure collaboration between commodity traders, shipowners, agents and financial service providers. Customers digitally create, e-sign, and exchange the most common trade documents, including negotiable and non-negotiable ocean bills of lading. Secro also provides contract performance tools. The Secro platform uses data encryption and it is built on private blockchain technology. Secro Inc. is an independent US-based, privately owned company, backed by venture capital investors. Further details can be found at https://secro.io/ .   The legal documentation and terms of use associated with the use and operation of Secro is in the Secro Customer and User Agreement dated 6th October 2022. This documentation, as well as the Secro e-bill