Releasing cargo is an irreversible process. This means that once cargo is released, you cannot undo such release. Once the cargo is released the document is marked as accomplished. After accomplishment, no further changes to the document are possible (including state or ownership change).
After the ship arrives at your port, you notify the consignee to provide the original B/L document as proof that cargo can be released into their possession. Since the issuer issued the B/L on the CargoX Platform in digital form, the only valid way for you to receive that B/L is via the CargoX Platform. Since only the title-holder can transfer a B/L document, this proves beyond any shadow of a doubt that whoever sent you the B/L document is indeed the rightful owner of this document of title. You can be sure there are no reasons not to release the cargo either into the hands of this party or not to follow their instructions.
Steps to release the cargo:
Open the envelope with the B/L document and inspect the document.
After you receive the B/L document via the CargoX Platform from the consignee you will receive an email notification from the CargoX Platform, and on your next sign in to the platform, the envelope/document will show in your Inbox. Click on the envelope you wish to open.
Inspect the audit log
to verify the authenticity of the document and the issuer. Verify all other details in the received documents and read the message that came along with the envelope, as it might include specific instructions on how to handle the release of this cargo. If you are a designated release agent for a B/L document, you will see a green Release cargo
button available for the specific document. All transactions on the blockchain are irreversible and this includes the release of the cargo. Please also double-check that you are working on the correct B/L document before continuing.
Click the Release cargo button
Once you are ready to release the cargo, indicate this new status on the blockchain by pressing the Release cargo button.
The release cargo process always starts with an overview. Once ready to continue click the green Next button.
Digitally sign the release of the cargo
To confirm the cargo’s release, you must authenticate and digitally sign it with your blockchain key.
The CargoX Platform will generate the required blockchain transactions and send them to the blockchain. Once the animation (white cubes icon) stops and a green check-mark appears, the cargo is fully released. Completed B/L documents will remain in your Inbox
, but you will notice the document type icon grayed out and you can now move the document to the Archive folder
Every document ownership or state change is written in the audit log