RE: DUBIA, OMAN, Tradeflow, MENA and the USA!23 Oct 2022 20:07
Just a thought - the costs for clients will be offset somewhat by the savings made from moving away from paper base to digitisation - syme right space right time :)
tradetech
"#paperlesstrade: another step further":
https://lnkd.in/dGHpe_A6
"Charles Darwin had a point. It was not, he said, the strongest of the species that survived, nor the most intelligent, but that most adaptable to change. So too with law and #digitaltransformation . The government recognises this well. As G7 President, the UK has been actively leading the process to achieve the legal environment for the full digitisation of trade documents. It has now put its money where its mouth is, with its swift introduction in the Lords (on 12 October, only five months after it appeared) of the Law Commission’s draft Electronic Trade Documents Bill.Â
The Bill is the outcome of consultations and a later report on how to achieve the digitisation of trade documents and thereby enhance paperless commerce. It aims to cement the legal recognition of electronic #trade documents, including most importantly bills of lading, mate’s receipts, ship’s delivery orders, warehouse receipts, marine insurance policies and cargo insurance certificates. (It also includes provisions dealing with commercial paper such as bills of exchange and promissory notes, though these today are a good deal less important.)" (...)