Forwarders and airlines operating in Russia can expect a boost for e-freight and simplified payments, thanks to the country signing up to the Montreal Convention (MC99).
IATA has now implemented its Cargo Accounts Settlement Systems (CASS), which simplifies the billing and settlement of accounts between airlines, GSSAs and forwarders. CASS has been available in 93 territories so far.
Crucially, Russia"™s ratification of MC99 will allow the industry to use e-AWBs. IATA has a target of 62% eAWB penetration by the end of the year from the current 48.2%.
"MC99 lays the foundations for paperless cargo transactions," IATA cargo chief Glyn Hughes told The Loadstar…