Extracting data from Bill of Lading

A Bill of Lading (BoL) is a crucial, legally binding document in the shipping industry that serves as a receipt, proof of shipment contract, and document of title, and is essential for customs clearance and financing. Challenges in manually extracting data from BoLs include high costs, time delays, and human error, prompting the need for AI-based tools which offer improved accuracy and efficiency. AI-enabled data extraction software, such as Nanonets, can handle various document formats and languages, enhancing automation in supply chains by integrating with other digital tools and systems to streamline processes. This intelligent automation helps shipping companies improve their customer service, innovation, and productivity, ensuring a competitive edge in the market.