Case Study: a leading global dry bulk charterer achieves faster, cheaper document handling with essDOCS CargoDocs

How CargoDocs helped the Charterer achieve significant documentation handling savings and major operational improvements

A leading global dry bulk charterer faced challenges with its paper-based shipping and trade document process, which caused avoidable delays and unnecessary costs due to inefficiencies. The company engaged essDOCS to implement its CargoDocs solution, specifically using electronic Bills of Lading (eB/Ls), to address these issues.

By adopting essDOCS CargoDocs, the charterer accelerated its documentation processes, eliminating the need for Letters of Indemnity (LOIs) and enabling instant handling of amendments. The solution provided an estimated direct saving of $36.34 per Bill of Lading, which included a 100% reduction in time spent preparing discharge LOIs and handling changes to issued B/Ls. For a company processing 5,000 B/Ls annually, this translated to total savings of $181,700 per year.