Members are referred to Circular 2604/2015, dated 22 October 2015. Home / News / Circulars / Paperless Trading Electronic Trading Systems Update: Corda eBL as replacement of E-TITLE Circulars – P&I – No: 2672/2021 Paperless Trading Electronic Trading Systems Update: Corda eBL as replacement of E-TITLE Gothenburg: 24 September, 2021 Members are referred to  Circular 2604/2015, dated 22 October 2015. Notification of change in ownership of E-TITLE The International Group had previously approved E-TITLE. This circular notifies Members to the following: (1) a change in ownership of the E-TITLE electronic trading system and its underlying legal framework to software technology firm, R3; (2) a change in trading name of the e-TITLE electronic trading system to Corda eBL ;  and (3) members are invited to take note of how the Corda eBL software will operate. Corda eBL Corda eBL is a software development kit (SDK), that provides a mechanism to facilitate the title transfer and negotiable functionalities of a bill of lading. It has been created to complement some of the existing web-portal services operated by shipping lines, financial services providers, logistic operators and traders. The Corda eBL SDK is subject to a legal framework, supporting the peer-to-peer transfer of eBLs, without the need to revert to paper. The electronic transfer process mimics a paper bills of lading workflow. Further details can be found on  https://www.r3.com/corda-ebl/ . R3 is a software technology firm representing a large consortium of international banks and trading houses. Corda eBL User Agreement version 1.2 – Approved The legal documentation associated with the use and operation of the Corda eBL solution is the “Corda eBL User Agreement (version 1.2)”. This document has been reviewed and approved by The International Group. The Corda eBL solution (formerly known as E-TITLE electronic trading system) will replace