Thanks to the first electronic contract of its kind, COSCO Shipping Specialized Carriers Co., Ltd., a subsidiary of China COSCO Shipping Corporation Limited, supplied the frame containers for the export of 800 passenger vehicles from China to Mexico last month.
The deal, signed on July 23, marked the company’s first issuance of electronic bills of lading for Changan Automobile’s COA (Contract of Affreightment) customers, which enhances the stability and sustainability of the automotive export supply chain between the two companies.
The vehicles were transported by the vessel COSCO Shipping Grace from China’s Taicang to the Port of Lázaro Cárdenas in Mexico.
Changan Automobile has a high regard for the convenience of the electronic bill of lading, noting its ease of processing, quick circulation and traceability, which saves significantly on time and labor costs.
COSCO Shipping has worked closely with the customer to explore ways to improve and enhance the automotive supply chain. They organized multiple promotion and training sessions for the GSBN (Global Shipping Business Network) and IQAX (a digital solutions provider) electronic bill of lading platforms, laying a solid foundation for the successful issuance of the first blockchain-based electronic bill of lading for frame containers.
