By selecting UK flag, you have now set your site language to English. If you'd like to change your language preference again, simply click on one of the other flags.

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こちら Japan flag を選択して頂くと、言語設定が日本語に切り替わります。設定変更後は以下の機能が利用可能です。

  • 日本語版ウェブサイトへのクイックアクセスが可能となり、日本語の刊行物をご覧頂けます。

  • 日本語版が閲覧可能な刊行物や記事については、日本語が優先表示されます。表示言語については Japan flag をご参照下さい。

閉じる 言語設定を切り替えたい場合には、国旗のマークをクリックして下さい。

By selecting Japan flag, you have now set your language to Japanese. This has several benefits, including:

  • Providing quick access to our Japan page, which collates all our Japanese content in one place.

  • Ensures that content is presented to you in Japanese first, if we have an article, publication or webpage available in Japanese. Look out for the Japan flag indicators across the site.

Close If you’d like to change your language preferences again, simply click on one of the other flags.

点击选择 China flag,可将网站语言设置为中文。这能帮助您:

  • 快速访问我们的中国区页面,该页面将有网站内容的中文汇总。

  • 在我们的文章、出版物或者网页有中文版本提供的情况下,确保首先向您展示的是中文版本的内容。您可关注站点上的 China flag 按键。

关闭 点击任意其他国旗,可切换您的语言偏好。

By selecting China flag, you have now set your language to Chinese. This has several benefits, including:

  • Providing quick access to our China page, which collates all our Chinese content in one place.

  • Ensures that content is presented to you in Chinese first, if we have an article, publication or webpage available in Chinese. Look out for the China flag indicators across the site.

Close If you’d like to change your language preferences again, simply click on one of the other flags.

Electronic bills of lading: IG website statement

Please be advised this Circular was originally sent from NorthStandard on the date of issue ( 16 February 2024 / Circular REF 2024/004) which you can find here.

You can view the Circular in it’s entirety below.

In September 2023, the Group welcomed the Electronic Trade Documents Act (“Act”), giving legal recognition in English law to electronic trade documents, including electronic bills of lading. This significant legislative development, followed soon after the adoption by Singapore of similar legislation, in the form of the Singapore Electronic Transactions (Amendment) Act 2021.

Club Rules provide that liabilities arising in respect of the carriage of cargo under paperless trading systems are covered, provided that the system has first been approved by the Group. Since 20 February 2010, in the absence of legal recognition of electronic bills of lading, the Group has approved eleven electronic systems.

The Group previously advised that, following the recent legislative developments, it would review its approach to approval of paperless trading systems.

The IG has now adopted a streamlined approach to approval for systems that are limited to the use of e-bills subject to laws that recognise their validity as equivalent to paper bills. However, given that the majority of jurisdictions are yet to adopt similar legislation, for all other systems the existing approval process will continue to apply until further notice.

For further details of the Group’s approval process see here ‘frequently asked questions’ document. This is intended as guidance only.

Sam Kendall-Marsden
Chief Claims Officer
NorthStandard Limited

Circular ref: 2024/004

Download the circular >



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