MLETR-compliant electronic title transfer. Digitize & replace all trade documents with secure, digital versions with full legal equivalence across 30+ jurisdictions.
AI extracts structured data from the paper Bill of Lading. Each field validated against ICC UCP 600/eUCP. Seller cryptographically signs the ETR establishing legal equivalence under MLETR Article 17.
An immutable registry hash is generated for each ETR. The document fingerprint is anchored to the blockchain — the single authoritative source across all jurisdictions.
"To Order" becomes the buyer's name via atomic smart contract. A single-click endorsement replacing three days of courier dispatch, telex release, and paper endorsement under UCP 600/eUCP.
On buyer acceptance, the Letter of Credit releases automatically. The carrier surrenders the document token, freight terms are confirmed, and settlement completes with full audit trail.
Havona integrates across UCP 600/eUCP, DCSA, and MLETR frameworks. Not aspirationally — operationally.
Electronic Transferable Records recognized as functional equivalents of paper under international law.
Interoperable with DCSA electronic Bill of Lading specifications across major carriers.
Uniform Rules for Digital Trade Transactions. Payment and document obligations governed by ICC.
Letter of Credit workflows validated against Uniform Customs and Practice for Documentary Credits and the electronic supplement (eUCP).
Security certification in progress — audit preparation underway for enterprise readiness.
Information security management system designed and aligned to the international standard.
| Operation | Legacy Paper Process | Havona Protocol |
|---|---|---|
| Settlement cycle | 21–45 banking days | <4 hours |
| Document custody | Physical courier · single original | Cryptographic ownership · zero courier |
| Counterparty risk | Manual verification · correspondent risk | Smart contract verification · reduced bilateral exposure |
| Endorsement | 3–5 days · telex release or courier | <30 seconds · cryptographic digital signature |
| Audit trail | Paper-based · jurisdiction-dependent | Immutable blockchain ledger · 30+ jurisdictions |
| Fraud surface | Document forgery · double pledge risk | Cryptographic uniqueness · zero double-spend |
MLETR-compliant ETRs carry legal enforceability under domestic legislation across the major trade corridors. Not contractual — statutory.
United Kingdom
ETDA 2023
Singapore
ETA 2021
United Arab Emirates
Federal Law 17
France
MLETR Adoption
Germany
Digital Trade Act
Australia
eBL Recognition
Bahrain
EDI Regulations
Belize
ETBL Act 2023
Papua New Guinea
Electronic Transactions Act
Banks, commodity traders, and shipping lines are adopting Havona. A scoping call takes 30 minutes. Integration takes days, not quarters.