The Smart Contract, based on an electronic Bill of Lading, is a secure and reliable document. Electronic Bill of Lading, built on Shipnext, enables a unique mix of data-flows. While both Shipper and Ship Owner, as well as the intermediaries, such as Charter and Carrier, get involved in the contractual relationship on the shipping platform, Cargo and Ship data are logically streamed into the Bill of Lading – a document representing a receipt of goods, evidence of the contract of carriage, and document of title. Such Bill of Lading, based on online negotiation, also includes the link to the terms and conditions, which are sourced from the Contract of Carriage. Last but not least, the document is secured with digital signatures, satellite data and data sourced from operational data. Storage of this data on multiple nodes, facilitates tokenization and transfer of this document with the help of DLT-based ecosystem. This, in turn, serves as a method of seamless transfer of the Shipnext electronic bills of lading, representing the execution of the contract of carriage. Electronic Bill of Lading, and Smart Contract of Carriage, built using our prototype, can leverage Shipnext to enable the secure peer-to-peer transfer of eBLs, reducing costs, delays, risk and fraud.