Electronic (Paperless) Trading－Approval of CargoX This circular informs Members of the approval by the International Group of P&I Clubs (the Group) of CargoX.  Members may recall, as reported in our circular No.19-016 dated 25 December 2019, that until February 2010 the Rules of all of the Group Clubs specifically excluded liabilities in respect of the carriage of cargo under all electronic, i.e. paperless, trading systems to the extent that the liabilities under such systems would not have arisen under a ‘normal’ paper system i.e. one using transferable paper documentation.   From 20 February 2010 liabilities arising in respect of the carriage of cargo under such paperless trading systems were covered, provided that the system had first been approved by the Group. Since then the Group has approved electronic systems administered by Electronic Shipping Solutions, by Bolero International Ltd (more specifically the Rulebook/Operating procedures September 1999.), e-title TM solution, Global Share S.A. edoxOnline, WAVE and now CargoX been added to the list of IG approved systems.   CargoX describes itself a system which provides a Blockchain Document Transaction System (BDTS) online. It is based on blockchain technology that is intended for creating, tracking, managing, storing, and transferring the ownership of documents using blockchain technology to enable carriers, shippers, consignees, endorsees, banks, freight forwarders and other parties to issue, exchange and sign, a variety of encrypted supply chain documents with no need for a central server or registry. The system is supported by a legal framework known as the Special Terms and Conditions (ST&C) that facilitates the transfer and endorsement of electronic bills of lading. While the system removes the need for a paper bill there is scope to revert to paper where it is necessary to do so. CargoX is the third system approved by the Group to use Blockchain technology. Further details can be