What a eBL is, why it exists, who it serves.
Long-bond bill of lading with cargo particulars, signature and audit chain.
What the holder shows the carrier at the port.
Endorse or surrender · rail · email · at the counter.
Long bond (8.5×13) pre-rendered. Ready to send or print.
A paper bill of lading sits in many filing cabinets at once — financed twice, lost in transit, or fraudulently endorsed. The MLETR-aligned eBL is a single authoritative record of title that travels with the cargo. Double-financing dies on the rail.
A single authoritative record of title — from quay to quay.
The defining trade-finance fraud is double-financing: the same cargo financed by two banks because each holds an "original" paper bill of lading. An MLETR-aligned eBL ends that — only one party can be in control at a time, every transfer is disclosed, and the carrier verifies the current holder on the ledger before release. Shippers, carriers, and banks remain in their roles; ISET is the neutral control registry that makes the title singular.