Are
there any differences between express bills of lading vs. non-negotiable sea
waybills?
We can
see that international logistics sector is no shy assigning new names to the
transport documents.
ICC which is the short
form of International Chamber of Commerce have noticed this reality and add
phrases to its rules books such as UCP 600, ISBP in an effect that the name of
the transport document is not a point of consideration.
Actually both non
negotiable bill of lading and express bill of lading have the same transport
document. They are not document of title so you cannot transfer the ownership
of the goods to another party by means of endorsement or delivery.
Buyer at the port of discharge can get the goods
without surrendering at least one original bill of lading by simply proving its
identity.
May be the only difference would be between express bill of lading vs. non-negotiable bill of lading is that in express bill of lading case forwarder’s do not issue full set of bill of lading.
May be the only difference would be between express bill of lading vs. non-negotiable bill of lading is that in express bill of lading case forwarder’s do not issue full set of bill of lading.
They may be issue one
non-negotiable form in a soft copy and send it to both the shipper and their
agent at the port of discharge via e-mail.
Of course, I am not
talking about the electronic bill of lading. They would be subject to another
article.
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