Electronic Bills

Definition ∞ Electronic Bills refer to digital representations of traditional paper bills of lading, which serve as contracts between shippers and carriers. These digital documents facilitate the movement of goods in international trade, confirming receipt of cargo and title of ownership. Electronic bills streamline trade finance and logistics operations. Their adoption reduces administrative overhead and processing delays.
Context ∞ The digitization of trade documents, including electronic bills, is a significant focus for improving the efficiency and security of global commerce. Discussions frequently address the legal frameworks required for universal acceptance of these digital instruments. The move towards electronic bills represents a critical step in modernizing international shipping and supply chain management.