IMO launches new rules on electronic information exchange

IMO (International Maritime Organisation) has mandated a new rule for national governments to launch electronic information exchange between ships and ports.The main motive of the rule is to make cross-border trade simpler and to make efficient logistics chain for more than ten billion tonnes of goods traded globally every year. The new Facilitation of International Maritime Traffic (FAL Convention) is set to establish systems for the electronic exchange of information related to maritime transport.