Electronic (Paperless) Trading Systems - Bolero International Limited and Electronic Shipping Solutions (5.414)

London P&I explains that cargo liabilities under approved electronic, paperless trading systems are covered from 20 February 2010, provided the system has first been approved by the International Group of P&I Clubs.

This circular confirms approval for the Bolero and Electronic Shipping Solutions systems in the versions current at the date of the circular, and reminds members that traditional exclusions still apply. It also notes that participation may create non-traditional liabilities and asks members using either system to let London P&I know of any practical or legal issues they encounter.