UN Adopts Cargo Documents Convention as Chongqing Scales Digital Multimodal Bills

UN approves historic treaty for single global cargo document - Cargo Insights

The UN approves a global treaty allowing a single negotiable cargo document across all transport modes, boosting trade and finance access. In a landmark move set to reshape the way global trade operates, the United Nations General Assembly has adopted a new treaty that allows goods to be represented by one negotiable cargo document, whether they travel by road, rail, air or sea. The United Nations Convention on Negotiable Cargo Documents, adopte…

UN Adopts Cargo Documents Convention as Chongqing Scales Digital Multimodal Bills

Chongqing - The UN General Assembly adopted the Convention on Negotiable Cargo Documents on Dec 15, a move Chinese officials called a milestone for global logistics rules. Chongqing authorities stated that the city contributed to early trials using cross-border railway bills to support China–Europe trade financing. On December 16, the UN Commission on International Trade Law (UNCITRAL) and China’s Permanent Mission in Vienna held a commemorative…

UN adopts landmark Convention on Negotiable Cargo Documents

Estimated reading time: 2 minutes The UN has adopted a landmark Convention creating legally binding, negotiable digital cargo documents for goods transported by road, air and rail, allowing ownership to change while in transit. A single electronic document can now cover a shipment across all transport modes, reducing paperwork, fraud risk and delays while improving access to trade finance. Although not automatically binding, the Convention is…