Future International Trade (FIT) Alliance

Omer Guy, General Counsel at DCSA, was recently interviewed by Global Trade Review (GTR) to share his views on the evolving legal landscape for digital trade documents.   In the article, Omer highlights that while the UK’s Electronic Trade Documents Act (ETDA) is a major milestone, legal uncertainty remains in jurisdictions that haven’t yet adopted similar legislation.   Despite this, there is strong progress: ✅ Electronic bills of lading (eBLs) are already in use in over 100 countries, enabled through contractual frameworks of existing solutions. ✅ At DCSA, we are actively working to support the global transition to digital trade by: - Collaborating with eBL solution providers to enable full interoperability. - Promoting legal reform in additional countries to expand adoption and reduce uncertainty. 📖 Read the full article and Omer’s full perspective here: https://lnkd.in/eHSJTn7i

In this article 'Making innovation interoperable for Global Trade' in the corporate treasurer, I talk about how the industry is laying the groundwork for a more efficient, transparent, and accessible global trade ecosystem, with Swift playing a key role in removing friction and improving interlinkages. Read the full article at: https://lnkd.in/gHrABbGf Xavier Duval Miguel Suarez Nick Kerigan Mukta Kadam Tom Alaerts Rishikesh R Tinaikar Aishwarya Krishnan Swift International Chamber of Commerce Future International Trade (FIT) Alliance

🚢 One week to go! We’re finalising preparations for DCSA Week 2025 in The Netherlands — and we’re thrilled to welcome the entire DCSA community: our founding members, who have championed this journey from day one, and our new DCSA+ partners, who are joining us to drive even broader transformation. Together, we’ll spend three powerful days focused on one goal: advancing interoperability across the container shipping industry. From strategic sessions to hands-on workshops, this is where meaningful alignment happens — and digital standards come to life. This year marks a new chapter. With DCSA+, our partnership programme, we’re expanding collaboration across the value chain to ensure standards are not only adopted, but embraced, at scale. 💬 Dialogue. 💡 Insight. 🤝 Collaboration. 🚀 Momentum. Watch our brand video and rediscover the mission that connects us all! #DCSAWeek2025 #DCSAPlus #DigitalStandards #Interoperability #FutureOfShipping #GlobalTrade #Collaboration #FoundingMembers #Partnership

What’s holding back wider adoption of e-documents in agri trade—and where’s the momentum? At last week’s Global Pulse Confederation conference, I joined a panel hosted by Jaine Chisholm Caunt OBE to explore that exact question—in a sector that, as I learned from Mostyn Gregg, is heavily shaped by FX exposure and operational complexity. 💱 In times of volatility, even small inefficiencies can cascade into major disruptions: - Grains are priced and traded globally, often in USD. - But buyers and sellers operate in many different currencies. - When exchange rates swing, costs can spike or dip dramatically, even if grain prices stay flat. That unpredictability makes it harder to plan, price, and profit—especially with long shipping cycles and tight margins. These friction points are also where #digitalisation offers real value: - Digital documents let traders amend or confirm deals in hours, not days. - Real-time visibility helps manage disruptions, not just absorb them. - Structured and trusted trade data can unlock financing faster—crucial when liquidity is tight. I shared a few real-world case studies: - BHP boosted customer satisfaction and cut turnaround time by going fully electronic. - Global Shipping Business Network (GSBN) enabled extended financing through tokenised eBLs. - Sucafina halved processing time and email load by digitalising shipping instructions. (Explore more DSI case studies at 📌 https://lnkd.in/gwGe7u_E) The good news? Quiet momentum and tailwinds 🌬️ are building in the agri space. Some of the biggest origin countries, like Australia, has adopted #MLETR, and a new international convention by UNCITRAL: United Nations Commission on International Trade Law is underway for negotiable cargo documents (NCDs) such as road and rail. Legal enablers are aligning across multiple transport modes—but so is industry readiness. The BIMCO 25 by 25 campaign, which saw participating shippers, BHP, Rio Tinto, Vale and Anglo American achieving an average adoption rate of 25.1% #eBL in their iron ore trade, and the Future International Trade (FIT) Alliance are pushing these changes across shipping in metals & mining space. There’s a clear opportunity for agri-trade to benefit from their lessons. So where’s the grains sector at? 🌟 It’s early days—but not idle. We’re hearing that some of the largest trading houses are exploring internal pilots. Starting small—with in-house trades and trusted logistics partners—but with an eye to scale. These are the first dominoes. The journey won’t be overnight. But in an increasingly unpredictable world, digitalisation isn’t just a future ambition—it’s a strategic response. #digitaltrade #ICCDSI

📄 Still chasing documents, waiting for couriers, or dealing with delays? There’s a smarter way to handle your cargo paperwork. 🔐 With electronic Bills of Lading (eBLs), your documents are always where you need them — instantly accessible, securely stored, and ready to go. No paperwork. No waiting. Just faster cargo releases, lower costs, and fewer risks. 🌐 Digitize your supply chain today and learn more about eBLs: https://lnkd.in/d3jsV932 #DigitalShipping #eBLs #IndustryLeader

📢 Have you read the news from last week? DCSA and our partners— Suzano, CargoX, edoxOnline, and HMM—have achieved a milestone in eBL interoperability with a successful live transaction between platforms. This breakthrough marks a major step toward secure, scalable, and truly paperless global trade—powered by DCSA’s interoperability framework and strong industry collaboration. 🔗 Read what our partners said: https://lnkd.in/et6m5NtQ #eBL #Interoperability #DCSA #PaperlessShipping