International Group approves Global Share SA edoxOnline platform in Blockchain first

The International Group of P&I Clubs has approved Global Share SA edoxOnline platform. This is the first Group-approved system to use Blockchain technology.

Until February 2010 the Rules of all of the Group Clubs specifically excluded liabilities in respect of the carriage of cargo under all electronic trading systems to the extent that the liabilities under such systems would not have arisen under a normal paper system.

From February 20th 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 systems administered by Electronic Shipping Solutions, by Bolero International Ltd (more specifically the Rulebook/Operating procedures September 1999), e-title solution and now Global Share SA edoxOnline.

edoxOnline provides an electronic paperless system which is supported by a legal framework to facilitate transfer and endorsement of electronic bills of lading, removing the need for a paper bill although there is scope to revert to paper where it is necessary to do so.

Other exclusions of cover under Group Club Rules relating to the carriage of cargo will continue to apply in respect of ESS, Bolero, E-Title and edoxOnline in the same way as for paper systems. These exclusions include discharge at a port or place other than the port or place provided for in the contract of carriage, the issue / creation of an ante or post-dated electronic document / record, and the delivery of cargo without the production of the negotiable electronic document / record, which in the case of an approved electronic trading system will mean delivery of cargo other than in accordance with the rules of that trading system.

https://www.shipownersclub.com/ig-circular-electronic-paperless-trading/

www.globalshare.com.ar