The legal nature of the bill of lading as a negotiable document of title has allowed it to provide
the basis of a system in which bankers provide credit for the financing of international sales
contracts on the strength of the security afforded by the goods represented in the bill. The sea
waybill has appeared as a substitute for the bill of lading and, despite its nature as a nonnegotiable
document, it can be employed in a manner which allows it to provide collateral security
to banks. Multimodal transport documents which may be issued in negotiable or non-negotiable
form assume the same legal role as the bill oflading or sea waybill respectively. The inclusion of
specific articles in the 1993 Revision of the UCP relating to non-negotiable sea waybills and
multimodal transport documents affirms their acceptability to banks financing international sales
contracts under documentary letters of credit. / Law / LL.M.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:unisa/oai:uir.unisa.ac.za:10500/15836 |
| Date | 07 1900 |
| Creators | Proctor, Carol |
| Contributors | Booysen, Hercules |
| Source Sets | South African National ETD Portal |
| Detected Language | English |
| Type | Dissertation |
| Format | 1 online resource (vi, 155 leaves) |
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