The document analyzes the effectiveness of electronic bills of lading for international trade law in Sri Lanka. It discusses how electronic bills of lading provide a new trend over paper bills in the 21st century by offering benefits like speed, reduced costs and paperwork. However, electronic bills of lading still face challenges in Sri Lanka like developing a proper legal framework, lack of trader trust and technical barriers. The document concludes that while electronic bills present advantages, Sri Lanka needs to overcome these challenges to fully utilize electronic bills of lading and develop its international trade law.

1. Loyal Ingress
Loyalingress.com
info@loyalingress.com

2. Analyzing the Effectiveness of
Electronic Bill of Lading
to Sri Lanka International Trade Law

3. Content
 Research problem / Methodology
 Bill of Lading / Features
 Main functions of bill of lading / weakness of paper bill of lading
 New Trend in 21st century
 Electronic Bill of Lading
 A Genuine Electronic Bill of Lading
 International legal environment
 Countries which have Given Legal Recognition for Electronic Bill of
Lading in 21st Century.
 Electronic Bill of Lading in Sri Lanka
 Effectiveness
 Challenges
 Conclusion
 Bibliography

4. Does the electronic bill of lading effectively help Sri
Lanka to develop International Trade Law?
Research Problem -
Methodology
- Statutes - Text Books,
- Internet Articles,
- Reports
- Journals Related to
electronic Bill of Lading.
Quantitative research method
Primary Data Secondary Data

5. “A document used in international sale of goods by sea,
which is signed by a carrier or the carrier's representative
and issued to a consignor that evidences the receipt of
goods for shipment to a specified designation and person”
Bill of Lading
 Features
 Used in carriage of goods by sea
 Used paper based media
 Evidence for the goods were in shipment
 In some situations, it act as negotiable instrument

6. Bill of
lading
Evidence of contract
of carriage
Document of title
Weakness of Paper Bill of Lading
Receipt of goods
 Main Functions of Bill of Lading
 Slowness of the postal services , banks as well as the relative &
cargo can be Delay
 High Cost

7. Weakness of
paper bill of
lading
+
Development of
Information and
Communication
Technology
Electronic
Bill of Lading
New Trend in 21st century

8. Hello, I’m
Electronic bill of
lading
Electronic Bill of Lading
International
Trade Law
Main Feature is , “electronic media”

9. Legal Frame work
IT Frame work
Functional Frame work
administered
A Genuine Electronic Bill of Lading

10.  International legal environment
 The Convention on Contracts for the International Carriage of
Goods Wholly or Partly by Sea 2008 ‘Rotterdam Rules’
- Article 8
- Article 9
- Article 10
 (Bill of Lading Electronic Registry Organization) BOLERO Rulebook (new
version) 'the functional equivalence approach'
 Committee Maritime International (CMI) Rules for Electronic Bills of
Lading
 Electronic Shipping Solutions (the ESS system - version DSUA v. 2009.3)
 UCP 600 the latest revision of the Uniform Customs and Practice for
Documentary Credits2007, by the International Chamber of Commerce

11. Countries which have Given Legal Recognition for
Electronic Bill of Lading in 21st Century.
 US - Uniform Commercial Code 2003,
-Article 7
(it was revised, introducing new rules for electronic documents of
title)
 UK –
P&I Club Circular 16/10 (September 2010) Electronic (paperless) trading systems
(Bolero International Limited and Electronic Shipping Solutions are
administered it)

12. Electronic Bill of Lading in
Sri Lanka
Hello.. Sri Lanka,
it is electronic bill
of lading
It is continuing discussion to move electronic
bill of lading
Enacting Electronic Transaction Act No 19 of
2006
At fist time it was used by Cargill in 2013
S
L
E
B
o
L
I
T

13.  Effectiveness
₊ Very fast
₊ Not to be mess up
with paper work
₊ Time saving
₋ Security

14.  The legal requirement of paper-based documentations.
 Some functions of paper bills of lading are not easily
incorporated in electronically generated documents.
Ex- document of title to the goods shipped.
 Problems surrounding the parties’ rights and liabilities
 Practicability of uniform code of law
 Most of traders don’t have trust
 Lack of knowledge (laws and technology)
 Barriers of e-commerce

15. Conclusion
According to the research,
As a new trend in the international trade law in 21st century
electronic bill of lading still has given low impact to Sri
Lanka to develop international trade.
So,
 It has to develop legal frame work regarding electronic bill of
lading
 It has to educate traders about this new trend in the
international trade law
 It has to overcome technical barriers & has to develop
infrastructure facilities

16. Bibliography
 Globalization and new trends in international trade, Chapter III, Latin America and the
Caribbean in the World Economy, 2007 - 2008 Trends 67p
 The Use of Transport Documents In International Trade, United Nations Conference On
Trade And Development Distr. General ,UNCTAD/SDTE/TLB/2003/,Report by the
UNCTAD secretariat
 http://www.ft.lk/2012/10/16/sri-lanka-urged-to-rapidly-move-on-to-e-bill-of-lading/
 http://www.ft.lk/2013/03/04/cargill-makes-first-grain-shipment-with-electronic-bill-of-
lading/
 http://www2.warwick.ac.uk/fac/soc/law/elj/jilt/1998_2/livermore/#a3
 http://www.essdocs.com/resources/electronic-bill-of-lading
 http://www.ukpandi.com/knowledge/article/paperless-trading-electronic-bills-of-
lading-frequently-asked-questions-faqs-6167/
 http://www.bolero.net/products/18-boleronews/47-14-bolero-leads-with-the-world-s-
first-electronic-bill-of-lading
 http://www.tamimi.com/en/magazine/law-update/section-6/may-4/bills-of-lading-in-
the-modern-shipping-environment-problems-and-solutions.html
 http://www.island.lk/2006/01/23/business10.html
 http://www.island.lk/index.php?page_cat=article-details&page=article-
details&code_title=63819
 http://www.apbsrilanka.org/articales/19_ann_2007/12_Parama%20Dharmawardena.pdf
 https://lup.lub.lu.se/luur/download?func=downloadFile&recordOId=1768559&fileOId=1
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