Hi, Sea way bill is a type of a B/L (bill of lading). To understand it better v must understand the key features of a bill of lading n then see how sea way will differs from a regular type of B/L. B/L performs three functions: # document of title (negotiable) # evidence of the contract of carriage # proof of receipt of the cargo (by the carrier) A sea way bill performs only '2' and '3' and is non negotiable i.e. the ownershipf othe goods cannot be transferred by endorsing the sea way bill. So the cargo consigned under it can only be released to the named consignee on the Sea way bill. As such the original document is not required. Only the receiver need to identify themselves correctly. This document is more relevant for non commercial transactions, inter company stock transfers or where the bank L/Cs are not involved. Hi, Sea way bill is a type of a B/L (bill of lading). To understand it better v must understand the key features of a bill of lading n then see how sea way will differs from a regular type of B/L. B/L performs three functions: # document of title (negotiable) # evidence of the contract of carriage # proof of receipt of the cargo (by the carrier) A sea way bill performs only '2' and '3' and is non negotiable i.e. the ownershipf othe goods cannot be transferred by endorsing the sea way bill. So the cargo consigned under it can only be released to the named consignee on the Sea way bill. As such the original document is not required. Only the receiver need to identify themselves correctly. This document is more relevant for non commercial transactions, inter company stock transfers or where the bank L/Cs are not involved. Regards, Sudesh Chaturvedi, FICS-uk
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Definition of 'Seaway Bill' The definition of a 'seaway bill' in Sections 208 and 209 of the code contains the same two initial requirements as for a bill of lading: it must evidence (i) a contract of carriage, and (ii) the carrier's receipt of the goods. However, unlike the bill of lading, the seaway bill is not a document of title. Thus there is no need for the consignee to present any transport document at the port of discharge, as long as he can identify himself as the party named as consignee in the seaway bill. Accordingly, the third requirement under the code is that the seaway bill obliges the carrier to deliver goods to the consignee named in the document. The carrier's only responsibility in this respect is to exercise due diligence when confirming the identity of the person claiming to be the consignee. Since the seaway bill is not a document of title, it may not be entirely suitable for shipments of goods intended for multiple resale during carriage. It is not absolutely clear under the code whether a buyer/consignee with a right of disposal over the goods can name yet another consignee
st. Lawrence seaway st. Lawrence seaway
st. lawrence seaway
St. Lawrence Seaway
The Saint Lawrence Seaway links the Midwest to the Atlantic Ocean. The Saint Lawrence Seaway flows from Lake Ontario to the Atlantic Ocean.
Seaway Trail was created in 1978.
Seaway Stakes was created in 1956.
The St Lawrence Seaway
Cornwall Seaway News was created in 1985.
Telex release is a letter written by the shipping line. Seaway bill is a code.
The duration of Seaway - TV series - is 3600.0 seconds.