FIT alliance formed to make future trade more efficient

Date Added: 16 February 2022

FIT alliance formed to make future trade more efficient

With our portfolio of international ocean freight forwarding services, and interest in efficient methods by which international trade is conducted, Davies Turner notes that a number of associations have joined forces to create new data standards.

Bimco, Fiata, the International Chamber of Commerce (ICC), Swift and the Digital Container Shipping Association (DCSA), in conjunction with its nine member carriers, have inked a memorandum of understanding (MoU) for the formation of the Future International Trade (FIT) Alliance.

The organisations aim at standardising the digitalisation of international trade. Through this initiative, the FIT Alliance will work together to generate awareness about the importance of common and interoperable data standards and common legislative conditions across international jurisdictions and platforms.

The focus lies on the acceptance and adoption of an eBL by regulators, banks and insurers. Another goal is to unify communication between these organisations and customers, as well as all other stakeholders involved in an international trade transaction.

For more information about Davies Turner’s ocean freight forwarding and logistics services, please contact ocean@daviesturner.co.uk or visit https://www.daviesturner.com/ocean


Related links: DCSA press release: Future International Trade Alliance


 

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