Monday, February 23, 2026

Editor's Pick

The Discrepancy

When 'Clean on Board' Isn't Clean Enough

A shipping line stamps 'clean on board' on a bill of lading. The issuing bank rejects it. Both sides think they are right. Here's what UCP 600 actually says.

|3 min read
When 'Clean on Board' Isn't Clean Enough
The Discrepancy— Our signature column

The $2.3M Word-Order Problem

A European commodity house ships urea to Southeast Asia. The LC requires a 'CERTIFICATE OF QUALITY.' The exporter presents a 'QUALITY CERTIFICATE.' The bank refuses. $2.3 million in cargo sits in port.

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Electronic Bills of Lading: The Reality Check
Hot Takes

Electronic Bills of Lading: The Reality Check

Every conference says eBLs are the future. Every pilot succeeds. And yet paper still dominates. Here is why adoption is slower than everyone claims.

|5 min read